Antero Resources (NYSE:AR) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Antero Resources (NYSE:AR) had its price target increased by JPMorgan Chase & Co. from $36.00 to $38.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an overweight rating on the oil and natural gas company’s stock.

Several other equities research analysts have also recently issued reports on AR. Truist Financial raised their target price on Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a research note on Monday. Barclays cut their price objective on Antero Resources from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Wells Fargo & Company raised shares of Antero Resources from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $24.00 to $32.00 in a research report on Tuesday, December 17th. UBS Group boosted their price target on shares of Antero Resources from $31.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, December 9th. Finally, Mizuho upped their price objective on shares of Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $36.35.

Antero Resources Stock Up 0.9 %

Shares of NYSE AR opened at $40.59 on Tuesday. The company has a market capitalization of $12.63 billion, a P/E ratio of 289.93 and a beta of 3.37. 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 company has a 50 day simple moving average of $33.19 and a 200-day simple moving average of $29.98. Antero Resources has a 1 year low of $20.56 and a 1 year high of $40.93.

Institutional Investors Weigh In On Antero Resources

Institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC increased its position in shares of Antero Resources by 15.8% during the fourth quarter. GAMMA Investing LLC now owns 3,064 shares of the oil and natural gas company’s stock worth $107,000 after purchasing an additional 418 shares in the last quarter. Icon Wealth Advisors LLC increased 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 worth $242,000 after buying an additional 460 shares during the period. Chickasaw Capital Management LLC lifted its stake in Antero Resources by 5.5% in the third quarter. Chickasaw Capital Management LLC now owns 9,540 shares of the oil and natural gas company’s stock valued at $273,000 after buying an additional 500 shares during the last quarter. UMB Bank n.a. lifted its stake in Antero Resources by 59.6% in the fourth quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company’s stock valued at $49,000 after buying an additional 523 shares during the last quarter. Finally, Wedmont Private Capital boosted its holdings in shares of Antero Resources by 4.2% in the third quarter. Wedmont Private Capital now owns 16,906 shares of the oil and natural gas company’s stock valued at $505,000 after acquiring an additional 681 shares during the period. 83.04% of the stock is owned by hedge funds and other institutional investors.

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.