Antero Resources (NYSE:AR) Price Target Raised to $44.00 at The Goldman Sachs Group

Antero Resources (NYSE:AR) had its price target increased by The Goldman Sachs Group from $39.00 to $44.00 in a report issued on Thursday,Benzinga reports. The firm currently has a buy rating on the oil and natural gas company’s stock.

A number of other analysts have also recently issued reports on the company. Wells Fargo & Company raised Antero Resources from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $24.00 to $32.00 in a report on Tuesday, December 17th. BMO Capital Markets increased their price target on shares of Antero Resources from $33.00 to $34.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. Truist Financial boosted their price objective on shares of Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Benchmark reiterated a “hold” rating on shares of Antero Resources in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Antero Resources from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $38.63.

Antero Resources Trading Down 0.6 %

Shares of AR stock opened at $40.50 on Thursday. Antero Resources has a 1 year low of $20.56 and a 1 year high of $41.53. The company’s fifty day simple moving average is $34.40 and its two-hundred day simple moving average is $30.32. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market capitalization of $12.60 billion, a price-to-earnings ratio of 289.31 and a beta of 3.37.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. HITE Hedge Asset Management LLC boosted its stake in shares of Antero Resources by 537.2% in 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 purchasing an additional 804,851 shares in the last quarter. Wellington Management Group LLP lifted its stake in Antero Resources by 4.0% in the third 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 last quarter. Kailix Advisors LLC purchased a new stake in Antero Resources during the third quarter valued at about $17,327,000. Driehaus Capital Management LLC bought a new position in shares of Antero Resources during the second quarter valued at about $17,307,000. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Antero Resources by 36.3% in the third quarter. Assenagon Asset Management S.A. now owns 1,747,304 shares of the oil and natural gas company’s stock worth $50,060,000 after buying an additional 464,970 shares during the period. 83.04% of the stock is currently owned by 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.