Brokerages Set Antero Resources Co. (NYSE:AR) PT at $33.83

Shares of Antero Resources Co. (NYSE:AR) have been assigned a consensus rating of “Moderate Buy” from the nineteen analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, nine have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $34.06.

Several research analysts recently weighed in on AR shares. JPMorgan Chase & Co. cut their target price on shares of Antero Resources from $37.00 to $30.00 and set an “overweight” rating for the company in a research note on Thursday, September 12th. Scotiabank raised shares of Antero Resources from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $40.00 to $44.00 in a research note on Tuesday, August 20th. Raymond James lifted their target price on shares of Antero Resources from $34.00 to $44.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 21st. The Goldman Sachs Group reduced their price target on Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. Finally, Citigroup raised their price objective on Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, December 6th.

Antero Resources Stock Performance

NYSE AR opened at $32.37 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. Antero Resources has a fifty-two week low of $20.56 and a fifty-two week high of $36.28. The business has a fifty day moving average of $29.89 and a 200-day moving average of $29.82. The stock has a market cap of $10.07 billion, a price-to-earnings ratio of 231.21 and a beta of 3.42.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AR. Franklin Resources Inc. grew its stake in shares of Antero Resources by 40.6% in the third quarter. Franklin Resources Inc. now owns 756,128 shares of the oil and natural gas company’s stock valued at $21,209,000 after buying an additional 218,517 shares in the last quarter. World Investment Advisors LLC purchased a new position in Antero Resources in the 3rd quarter worth approximately $210,000. Geode Capital Management LLC grew its position in Antero Resources by 1.3% in the third quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company’s stock valued at $139,054,000 after acquiring an additional 61,490 shares in the last quarter. M&T Bank Corp raised its stake in shares of Antero Resources by 3.2% during the third quarter. M&T Bank Corp now owns 24,155 shares of the oil and natural gas company’s stock valued at $692,000 after purchasing an additional 743 shares during the period. Finally, Gordian Capital Singapore Pte Ltd acquired a new position in shares of Antero Resources during the third quarter worth $430,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

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.