Antero Resources (NYSE:AR) Price Target Raised to $44.00

Antero Resources (NYSE:AR) had its price objective upped by The Goldman Sachs Group from $39.00 to $44.00 in a research note released on Thursday,Benzinga reports. The firm currently has a buy rating on the oil and natural gas company’s stock.

Other analysts have also recently issued reports about the company. Wells Fargo & Company raised Antero Resources from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $24.00 to $32.00 in a report on Tuesday, December 17th. Benchmark reaffirmed a “hold” rating on shares of Antero Resources in a research note on Friday, January 17th. Bank of America started coverage on shares of Antero Resources in a research note on Monday, October 28th. They issued a “buy” rating and a $36.00 price objective for the company. Raymond James upped their target price on shares of Antero Resources from $34.00 to $44.00 and gave the company a “strong-buy” rating in a research report on Thursday, November 21st. Finally, UBS Group lifted their price target on Antero Resources from $35.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.63.

Antero Resources Stock Down 1.0 %

AR opened at $40.14 on Thursday. The company has a market capitalization of $12.49 billion, a PE ratio of 286.69 and a beta of 3.37. The firm has a 50-day simple moving average of $34.59 and a two-hundred day simple moving average of $30.36. 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 52 week low of $20.56 and a 52 week high of $41.53.

Institutional Trading of Antero Resources

A number of institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in Antero Resources by 87.7% in the second 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 acquiring an additional 27,105 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Antero Resources by 9.7% during the 2nd quarter. Sei Investments Co. now owns 138,816 shares of the oil and natural gas company’s stock valued at $4,530,000 after purchasing an additional 12,332 shares during the last quarter. Ensign Peak Advisors Inc boosted its position in shares of 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 purchasing an additional 12,620 shares in the last quarter. Bank of Montreal Can grew its stake in Antero Resources by 16.6% during the 2nd quarter. Bank of Montreal Can now owns 52,435 shares of the oil and natural gas company’s stock worth $1,759,000 after buying an additional 7,455 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in Antero Resources by 1,021.1% during the 2nd quarter. AQR Capital Management LLC now owns 483,725 shares of the oil and natural gas company’s stock valued at $15,784,000 after buying an additional 440,578 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors.

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.