Antero Resources (NYSE:AR) Given Hold Rating at Benchmark

Antero Resources (NYSE:AR)‘s stock had its “hold” rating reaffirmed by equities research analysts at Benchmark in a research note issued to investors on Friday,Benzinga reports.

AR has been the subject of a number of other reports. Barclays reduced their price objective on shares of 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 Antero Resources from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $24.00 to $32.00 in a research note on Tuesday, December 17th. StockNews.com upgraded shares of Antero Resources to a “sell” rating in a research report on Thursday. JPMorgan Chase & Co. increased their target price on shares of Antero Resources from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Tuesday, January 14th. Finally, BMO Capital Markets increased their target price on Antero Resources from $33.00 to $34.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $36.88.

Antero Resources Trading Down 0.2 %

Shares of NYSE:AR opened at $40.50 on Friday. The stock has a market capitalization of $12.60 billion, a PE ratio of 289.26 and a beta of 3.37. Antero Resources has a one year low of $20.56 and a one year high of $40.93. The company’s 50-day moving average price is $33.65 and its two-hundred day moving average price is $30.10. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28.

Institutional Investors Weigh In On Antero Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UMB Bank n.a. grew 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 worth $25,000 after acquiring an additional 686 shares during the period. Pinnacle Bancorp Inc. purchased a new position in Antero Resources during the 4th quarter valued at about $28,000. True Wealth Design LLC bought a new position in shares of Antero Resources during the third quarter valued at approximately $30,000. Capital Performance Advisors LLP purchased a new position in Antero Resources during the third quarter valued at $45,000. Finally, Mattson Financial Services LLC bought a new stake in Antero Resources in the second quarter worth $64,000. 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.