Analysts Set Antero Resources Co. (NYSE:AR) Price Target at $38.63

Shares of Antero Resources Co. (NYSE:AR) have earned an average recommendation of “Moderate Buy” from the eighteen analysts that are covering the stock, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $39.00.

Several brokerages recently weighed in on AR. Wells Fargo & Company raised Antero Resources from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $24.00 to $32.00 in a research note on Tuesday, December 17th. Mizuho lifted their price objective on shares of Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Citigroup boosted their target price on shares of Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Benchmark restated a “hold” rating on shares of Antero Resources in a report on Friday, January 17th. Finally, Truist Financial upped their price target on Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a report on Monday, January 13th.

Antero Resources Stock Performance

Shares of NYSE AR opened at $37.21 on Monday. Antero Resources has a 1 year low of $20.56 and a 1 year high of $41.53. The firm has a market cap of $11.58 billion, a P/E ratio of 265.80 and a beta of 3.37. The stock has a fifty day moving average price of $35.04 and a two-hundred day moving average price of $30.54. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28.

Hedge Funds Weigh In On Antero Resources

A number of hedge funds have recently modified their holdings of AR. Caprock Group LLC increased its position in Antero Resources by 0.6% in the 4th quarter. Caprock Group LLC now owns 58,401 shares of the oil and natural gas company’s stock worth $2,047,000 after purchasing an additional 374 shares during the last quarter. Global Retirement Partners LLC increased its holdings in Antero Resources by 7.8% in the fourth quarter. Global Retirement Partners LLC now owns 5,323 shares of the oil and natural gas company’s stock worth $187,000 after buying an additional 386 shares during the last quarter. GAMMA Investing LLC increased its holdings in Antero Resources by 15.8% in the fourth quarter. GAMMA Investing LLC now owns 3,064 shares of the oil and natural gas company’s stock worth $107,000 after buying an additional 418 shares during the last quarter. Icon Wealth Advisors LLC raised its position in Antero Resources by 5.8% during the third quarter. Icon Wealth Advisors LLC now owns 8,459 shares of the oil and natural gas company’s stock valued at $242,000 after acquiring an additional 460 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its stake in Antero Resources by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 9,258 shares of the oil and natural gas company’s stock valued at $324,000 after acquiring an additional 479 shares during the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

About Antero Resources

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.