Antero Resources (NYSE:AR) Given Hold Rating at Benchmark

Benchmark restated their hold rating on shares of Antero Resources (NYSE:AR) in a research note published on Friday,Benzinga reports.

AR has been the topic of several other reports. UBS Group raised their target price on shares of Antero Resources from $31.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, December 9th. Bank of America started coverage on shares of Antero Resources in a research report on Monday, October 28th. They issued a “buy” rating and a $36.00 price objective on the stock. Citigroup increased their target price on Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Barclays cut their price target on Antero Resources from $32.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. Finally, Wells Fargo & Company upgraded Antero Resources from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $24.00 to $32.00 in a report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $36.88.

Antero Resources Stock Down 0.2 %

Shares of Antero Resources stock opened at $40.50 on Friday. Antero Resources has a 1 year low of $20.56 and a 1 year high of $40.93. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. The company has a market capitalization of $12.60 billion, a P/E ratio of 289.26 and a beta of 3.37. The business has a 50-day moving average of $33.65 and a two-hundred day moving average of $30.11.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AR. HITE Hedge Asset Management LLC grew its holdings in Antero Resources by 537.2% during the third quarter. HITE Hedge Asset Management LLC now owns 954,685 shares of the oil and natural gas company’s stock worth $27,352,000 after purchasing an additional 804,851 shares during the period. Wellington Management Group LLP boosted its stake in shares of Antero Resources by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company’s stock worth $500,231,000 after acquiring an additional 675,053 shares during the period. Kailix Advisors LLC bought a new position in shares of Antero Resources during the 3rd quarter worth approximately $17,327,000. Driehaus Capital Management LLC bought a new stake in Antero Resources in the 2nd quarter valued at $17,307,000. Finally, Assenagon Asset Management S.A. raised its stake in Antero Resources by 36.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,747,304 shares of the oil and natural gas company’s stock valued at $50,060,000 after acquiring an additional 464,970 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

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.