Antero Resources (NYSE:AR) Given New $44.00 Price Target at Raymond James

Antero Resources (NYSE:AR) had its price target hoisted by stock analysts at Raymond James from $34.00 to $44.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “strong-buy” rating on the oil and natural gas company’s stock. Raymond James’ price target indicates a potential upside of 32.89% from the stock’s current price.

Several other research firms also recently weighed in on AR. Roth Capital raised shares of Antero Resources to a “strong-buy” rating in a research note on Tuesday, August 27th. Roth Mkm assumed coverage on shares of Antero Resources in a report on Tuesday, August 27th. They set a “buy” rating and a $32.00 price objective on the stock. Wolfe Research raised shares of Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 price objective on the stock in a report on Wednesday, September 11th. Bank of America assumed coverage on shares of Antero Resources in a report on Monday, October 28th. They set a “buy” rating and a $36.00 price objective on the stock. Finally, The Goldman Sachs Group cut their price objective on shares of Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a report on Friday, September 6th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Antero Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.50.

Antero Resources Stock Down 0.9 %

Shares of NYSE AR opened at $33.11 on Thursday. 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 market cap of $10.30 billion, a P/E ratio of 236.50 and a beta of 3.36. Antero Resources has a 1 year low of $20.10 and a 1 year high of $36.28. The firm has a 50-day simple moving average of $28.55 and a two-hundred day simple moving average of $30.06.

Institutional Trading of Antero Resources

Institutional investors and hedge funds have recently modified their holdings of the business. Diversified Trust Co purchased a new stake in shares of Antero Resources in the second quarter valued at about $1,154,000. Hood River Capital Management LLC raised its position in shares of Antero Resources by 81.5% in the first quarter. Hood River Capital Management LLC now owns 117,658 shares of the oil and natural gas company’s stock valued at $3,412,000 after buying an additional 52,843 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Antero Resources by 1.3% in the first quarter. Vanguard Group Inc. now owns 28,066,610 shares of the oil and natural gas company’s stock valued at $813,932,000 after buying an additional 372,450 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its position in shares of Antero Resources by 269.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,967,300 shares of the oil and natural gas company’s stock valued at $129,453,000 after buying an additional 2,893,395 shares during the last quarter. Finally, Driehaus Capital Management LLC acquired a new position in shares of Antero Resources in the second quarter valued at approximately $17,307,000. Hedge funds and other institutional investors 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.