Truist Financial Issues Positive Forecast for Antero Resources (NYSE:AR) Stock Price

Antero Resources (NYSE:AR) had its target price boosted by equities research analysts at Truist Financial from $28.00 to $38.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “hold” rating on the oil and natural gas company’s stock. Truist Financial’s target price suggests a potential downside of 1.32% from the company’s previous close.

Several other brokerages have also recently issued reports on AR. Bank of America assumed coverage on Antero Resources in a research note on Monday, October 28th. They issued a “buy” rating and a $36.00 price objective for the company. Citigroup raised their target price on shares of Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Barclays lowered their price target on shares of Antero Resources from $32.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. StockNews.com upgraded Antero Resources to a “sell” rating in a research note on Friday, January 3rd. Finally, Morgan Stanley decreased their price objective on Antero Resources from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, September 16th. 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 given a strong buy rating to the company. According to MarketBeat.com, Antero Resources presently has an average rating of “Moderate Buy” and an average target price of $36.35.

Antero Resources Stock Up 0.5 %

NYSE:AR opened at $38.51 on Monday. The company’s 50 day moving average is $32.72 and its two-hundred day moving average is $29.87. The company has a market cap of $11.98 billion, a PE ratio of 275.07 and a beta of 3.37. Antero Resources has a twelve month low of $20.56 and a twelve month high of $39.43. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. UMB Bank n.a. boosted its position 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 acquiring an additional 686 shares during the last quarter. Pinnacle Bancorp Inc. acquired a new position in Antero Resources in the fourth quarter valued at about $28,000. True Wealth Design LLC purchased a new position in shares of Antero Resources during the 3rd quarter worth approximately $30,000. Capital Performance Advisors LLP purchased a new position in shares of Antero Resources during the third quarter worth $45,000. Finally, Mattson Financial Services LLC acquired a new stake in shares of Antero Resources in the second quarter valued at $64,000. 83.04% of the stock is owned by hedge funds and other 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.