Brokerages Set Antero Resources Co. (NYSE:AR) PT at $34.78

Shares of Antero Resources Co. (NYSE:AR) have earned an average recommendation of “Moderate Buy” from the nineteen brokerages that are currently covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $34.78.

Several brokerages have recently issued reports on AR. UBS Group upped their price objective on Antero Resources from $31.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, December 9th. Barclays reduced their target price on shares of Antero Resources from $32.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. Raymond James lifted their price target on shares of Antero Resources from $34.00 to $44.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 21st. Bank of America started coverage on shares of Antero Resources in a research note on Monday, October 28th. They set a “buy” rating and a $36.00 price objective on the stock. Finally, Truist Financial lowered their target price on shares of Antero Resources from $29.00 to $28.00 and set a “hold” rating for the company in a research note on Monday, September 30th.

Antero Resources Price Performance

AR stock opened at $35.96 on Thursday. The stock’s 50 day moving average price is $31.62 and its 200 day moving average price is $29.70. The firm has a market cap of $11.19 billion, a P/E ratio of 256.86 and a beta of 3.37. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28. Antero Resources has a 1 year low of $20.56 and a 1 year high of $36.33.

Institutional Investors Weigh In On Antero Resources

Institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP increased its position in Antero Resources by 4.0% during 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 buying an additional 675,053 shares during the last quarter. Geode Capital Management LLC increased its holdings 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 valued at $139,054,000 after acquiring an additional 61,490 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in shares of 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 valued at $125,452,000 after acquiring an additional 411,549 shares in the last quarter. Merewether Investment Management LP lifted its holdings in Antero Resources by 4.6% in the 2nd quarter. Merewether Investment Management LP now owns 2,943,948 shares of the oil and natural gas company’s stock worth $96,061,000 after purchasing an additional 128,200 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in Antero Resources by 4.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company’s stock worth $76,342,000 after purchasing an additional 122,815 shares during the period. 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.