Antero Resources (NYSE:AR) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Antero Resources (NYSE:AR) from an underweight rating to an equal weight rating in a research note published on Tuesday, Marketbeat.com reports. Wells Fargo & Company currently has $32.00 target price on the oil and natural gas company’s stock, up from their previous target price of $24.00.

A number of other research analysts have also recently weighed in on AR. UBS Group lifted their price target on shares of Antero Resources from $31.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, December 9th. The Goldman Sachs Group decreased their price objective on shares of Antero Resources from $36.00 to $32.00 and set a “buy” rating for the company in a report on Friday, September 6th. Bank of America began coverage on Antero Resources in a research report on Monday, October 28th. They issued a “buy” rating and a $36.00 target price for the company. Mizuho raised their price objective on Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Wolfe Research upgraded shares of Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 target price for the company in a research note on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.78.

Antero Resources Trading Up 1.0 %

Shares of Antero Resources stock opened at $30.86 on Tuesday. The business’s fifty day moving average is $30.04 and its two-hundred day moving average is $29.75. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. Antero Resources has a fifty-two week low of $20.56 and a fifty-two week high of $36.28. The firm has a market cap of $9.60 billion, a PE ratio of 220.43 and a beta of 3.42.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UMB Bank n.a. lifted its holdings in 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 buying an additional 686 shares in the last quarter. True Wealth Design LLC acquired a new position in shares of Antero Resources during the third quarter valued at $30,000. Capital Performance Advisors LLP bought a new position in shares of Antero Resources in the 3rd quarter valued at about $45,000. Mattson Financial Services LLC bought a new position in shares of Antero Resources in the 2nd quarter worth $64,000. Finally, Signaturefd LLC increased its holdings in shares of Antero Resources by 19.9% in the third quarter. Signaturefd LLC now owns 4,222 shares of the oil and natural gas company’s stock worth $121,000 after acquiring an additional 702 shares in 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.