Antero Resources (NYSE:AR) Price Target Raised to $39.00

Antero Resources (NYSE:AR) had its price target raised by UBS Group from $35.00 to $39.00 in a research report released on Friday,Benzinga reports. They currently have a neutral rating on the oil and natural gas company’s stock.

Several other research analysts also recently issued reports on AR. JPMorgan Chase & Co. lifted their price objective on Antero Resources from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 14th. Raymond James boosted their price target on Antero Resources from $34.00 to $44.00 and gave the company a “strong-buy” rating in a report on Thursday, November 21st. StockNews.com upgraded Antero Resources to a “sell” rating in a report on Thursday. Truist Financial boosted their price target on Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a report on Monday, January 13th. Finally, BMO Capital Markets boosted their price target on Antero Resources from $33.00 to $34.00 and gave the company a “market perform” rating in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $36.88.

Antero Resources Price Performance

AR stock opened at $40.50 on Friday. The firm has a 50 day moving average of $33.65 and a 200-day moving average of $30.07. Antero Resources has a 12-month low of $20.56 and a 12-month high of $40.93. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The company has a market cap of $12.60 billion, a price-to-earnings ratio of 289.26 and a beta of 3.37.

Institutional Trading of Antero Resources

Several institutional investors and hedge funds have recently bought and sold shares of AR. Envestnet Asset Management Inc. raised its position in shares of Antero Resources by 87.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 58,017 shares of the oil and natural gas company’s stock worth $1,893,000 after purchasing an additional 27,105 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in Antero Resources by 5.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 22,645 shares of the oil and natural gas company’s stock worth $739,000 after buying an additional 1,087 shares in the last quarter. XTX Topco Ltd grew its holdings in Antero Resources by 310.5% in the 2nd quarter. XTX Topco Ltd now owns 64,605 shares of the oil and natural gas company’s stock worth $2,108,000 after buying an additional 48,866 shares in the last quarter. Sei Investments Co. grew its holdings in Antero Resources by 9.7% in the 2nd quarter. Sei Investments Co. now owns 138,816 shares of the oil and natural gas company’s stock worth $4,530,000 after buying an additional 12,332 shares in the last quarter. Finally, Ensign Peak Advisors Inc grew its holdings in Antero Resources by 13.8% in the 2nd quarter. Ensign Peak Advisors Inc now owns 104,371 shares of the oil and natural gas company’s stock worth $3,406,000 after buying an additional 12,620 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.