Antero Resources (NYSE:AR) Given New $60.00 Price Target at Raymond James

Antero Resources (NYSE:AR) had its price target raised by Raymond James from $44.00 to $60.00 in a report published on Thursday,Benzinga reports. They currently have a strong-buy rating on the oil and natural gas company’s stock.

Several other research analysts have also issued reports on the stock. The Goldman Sachs Group raised their price target on shares of Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday. Barclays cut their price target on shares of Antero Resources from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd. BMO Capital Markets lifted their price objective on Antero Resources from $33.00 to $34.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. UBS Group raised their target price on Antero Resources from $35.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. Finally, Mizuho boosted their price target on Antero Resources from $35.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.63.

Antero Resources Trading Down 0.6 %

NYSE AR opened at $40.50 on Thursday. The firm has a market capitalization of $12.60 billion, a PE ratio of 289.31 and a beta of 3.37. The business’s 50-day moving average price is $34.40 and its two-hundred day moving average price is $30.32. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. Antero Resources has a 12 month low of $20.56 and a 12 month high of $41.53.

Institutional Trading of Antero Resources

Several hedge funds have recently added to or reduced their stakes in AR. Wellington Management Group LLP raised its holdings in shares of Antero Resources by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company’s stock worth $500,231,000 after purchasing an additional 675,053 shares during the period. Geode Capital Management LLC grew its stake in shares of Antero Resources by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company’s stock worth $139,054,000 after acquiring an additional 61,490 shares during the period. Vaughan Nelson Investment Management L.P. increased its holdings in Antero Resources by 10.4% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 4,378,849 shares of the oil and natural gas company’s stock worth $125,452,000 after acquiring an additional 411,549 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Antero Resources by 4.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company’s stock valued at $76,342,000 after acquiring an additional 122,815 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Antero Resources by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,929,424 shares of the oil and natural gas company’s stock worth $55,278,000 after purchasing an additional 27,617 shares during the period. Institutional investors 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.