Antero Resources (NYSE:AR) Given New $44.00 Price Target at Raymond James

Antero Resources (NYSE:AR) had its price target boosted by Raymond James from $34.00 to $44.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a strong-buy rating on the oil and natural gas company’s stock.

A number of other research firms also recently commented on AR. Roth Mkm initiated coverage on Antero Resources in a research report on Tuesday, August 27th. They issued a “buy” rating and a $32.00 target price on the stock. The Goldman Sachs Group decreased their price objective on Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Truist Financial decreased their price objective on Antero Resources from $29.00 to $28.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. Roth Capital upgraded Antero Resources to a “strong-buy” rating in a research report on Tuesday, August 27th. Finally, JPMorgan Chase & Co. decreased their price objective on Antero Resources from $37.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Antero Resources currently has a consensus rating of “Moderate Buy” and an average target price of $33.50.

Antero Resources Price Performance

Shares of Antero Resources stock opened at $33.40 on Thursday. The stock’s 50-day simple moving average is $28.55 and its 200-day simple moving average is $30.06. Antero Resources has a 52 week low of $20.10 and a 52 week high of $36.28. The company has a market capitalization of $10.39 billion, a price-to-earnings ratio of 238.57 and a beta of 3.36. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23.

Institutional Trading of Antero Resources

A number of institutional investors have recently made changes to their positions in the business. Vaughan Nelson Investment Management L.P. raised its stake in Antero Resources by 269.4% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 3,967,300 shares of the oil and natural gas company’s stock worth $129,453,000 after acquiring an additional 2,893,395 shares during the last quarter. Natixis Advisors LLC raised its stake in Antero Resources by 488.7% in the 2nd quarter. Natixis Advisors LLC now owns 1,428,864 shares of the oil and natural gas company’s stock worth $46,624,000 after acquiring an additional 1,186,163 shares during the last quarter. Acadian Asset Management LLC raised its stake in Antero Resources by 7,781.2% in the 2nd quarter. Acadian Asset Management LLC now owns 953,859 shares of the oil and natural gas company’s stock worth $31,113,000 after acquiring an additional 941,756 shares during the last quarter. HITE Hedge Asset Management LLC raised its stake in shares of Antero Resources by 537.2% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 954,685 shares of the oil and natural gas company’s stock valued at $27,352,000 after buying an additional 804,851 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Antero Resources by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company’s stock valued at $500,231,000 after buying an additional 675,053 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Company Profile

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.