Antero Resources (NYSE:AR) Stock Price Expected to Rise, Benchmark Analyst Says

Antero Resources (NYSE:AR) had its target price lifted by research analysts at Benchmark from $44.00 to $47.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the oil and natural gas company’s stock. Benchmark’s price target points to a potential upside of 24.35% from the company’s current price.

A number of other equities research analysts also recently weighed in on AR. Wells Fargo & Company lifted their target price on Antero Resources from $52.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Truist Financial reduced their price objective on Antero Resources from $56.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Mizuho boosted their price objective on Antero Resources from $54.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Roth Capital restated a “neutral” rating and issued a $38.00 target price on shares of Antero Resources in a research note on Thursday, April 30th. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $48.00 target price on shares of Antero Resources in a research report on Thursday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Antero Resources presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.71.

Antero Resources Stock Performance

NYSE:AR opened at $37.80 on Wednesday. The firm’s 50-day moving average is $34.79 and its 200-day moving average is $36.59. Antero Resources has a 52-week low of $29.10 and a 52-week high of $45.75. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market cap of $11.62 billion, a price-to-earnings ratio of 10.86 and a beta of 0.34.

Institutional Investors Weigh In On Antero Resources

Several large investors have recently modified their holdings of the stock. Eastern Bank bought a new position in shares of Antero Resources during the 2nd quarter worth approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Antero Resources during the second quarter valued at $29,000. Sunbelt Securities Inc. acquired a new stake in shares of Antero Resources in the 3rd quarter valued at $30,000. Rakuten Securities Inc. bought a new stake in shares of Antero Resources in the 2nd quarter worth about $31,000. Finally, IFP Advisors Inc increased its position in shares of Antero Resources by 59.2% during the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock worth $31,000 after purchasing an additional 345 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors.

Antero Resources Company Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.