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

Antero Resources Co. (NYSE:AR) has received an average recommendation of “Moderate Buy” from the nineteen research firms that are covering the company, MarketBeat.com reports. Eight equities research 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 1 year price objective among analysts that have updated their coverage on the stock in the last year is $34.78.

AR has been the topic of several research reports. StockNews.com upgraded shares of Antero Resources to a “sell” rating in a research report on Friday. BMO Capital Markets boosted their target price 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. Wells Fargo & Company raised shares of Antero Resources from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $24.00 to $32.00 in a research note on Tuesday, December 17th. Morgan Stanley decreased their price target on shares of Antero Resources from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Finally, Mizuho increased their price objective on Antero Resources from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, December 16th.

Antero Resources Stock Down 1.8 %

Shares of AR stock opened at $34.94 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market cap of $10.87 billion, a PE ratio of 249.57 and a beta of 3.37. The business’s fifty day moving average is $31.45 and its 200-day moving average is $29.70. Antero Resources has a 1 year low of $20.56 and a 1 year high of $36.28.

Institutional Investors Weigh In On Antero Resources

A number of institutional investors have recently modified their holdings of AR. UMB Bank n.a. lifted its holdings in shares of Antero Resources by 357.3% during the 3rd quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock valued at $25,000 after buying an additional 686 shares during the last quarter. True Wealth Design LLC bought a new stake in Antero Resources in the third quarter worth approximately $30,000. Capital Performance Advisors LLP acquired a new position in shares of Antero Resources during the 3rd quarter worth $45,000. Mattson Financial Services LLC bought a new position in shares of Antero Resources during the 2nd quarter valued at $64,000. Finally, GAMMA Investing LLC lifted its stake in shares of Antero Resources by 15.8% in the 4th quarter. GAMMA Investing LLC now owns 3,064 shares of the oil and natural gas company’s stock valued at $107,000 after purchasing an additional 418 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

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.