Antero Resources (NYSE:AR) Hits New 1-Year High After Analyst Upgrade

Antero Resources Co. (NYSE:AR)’s stock price reached a new 52-week high during mid-day trading on Wednesday after StockNews.com upgraded the stock to a sell rating. The company traded as high as $39.77 and last traded at $39.77, with a volume of 720585 shares trading hands. The stock had previously closed at $38.59.

A number of other research analysts have also issued reports on AR. Citigroup lifted their target price on Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Truist Financial lifted their price target on Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a report on Monday. Raymond James lifted their price target on Antero Resources from $34.00 to $44.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. lifted their price target on Antero Resources from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Barclays decreased their price target on Antero Resources from $32.00 to $30.00 and set an “equal weight” rating for the company in a report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $36.35.

Institutional Investors Weigh In On Antero Resources

A number of institutional investors have recently added to or reduced their stakes in AR. Envestnet Asset Management Inc. boosted its holdings in Antero Resources by 87.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 58,017 shares of the oil and natural gas company’s stock valued at $1,893,000 after purchasing an additional 27,105 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Antero Resources by 17.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,541,813 shares of the oil and natural gas company’s stock valued at $82,939,000 after purchasing an additional 381,310 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in Antero Resources by 5.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 22,645 shares of the oil and natural gas company’s stock worth $739,000 after purchasing an additional 1,087 shares during the last quarter. XTX Topco Ltd boosted its position in Antero Resources by 310.5% during the second quarter. XTX Topco Ltd now owns 64,605 shares of the oil and natural gas company’s stock worth $2,108,000 after purchasing an additional 48,866 shares in the last quarter. Finally, Goehring & Rozencwajg Associates LLC grew its holdings in Antero Resources by 11.0% in the second quarter. Goehring & Rozencwajg Associates LLC now owns 808,284 shares of the oil and natural gas company’s stock valued at $26,374,000 after purchasing an additional 79,900 shares during the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Trading Up 0.9 %

The firm has a market cap of $12.63 billion, a PE ratio of 289.93 and a beta of 3.37. The business has a 50-day moving average price of $33.19 and a two-hundred day moving average price of $29.98. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28.

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.