Antero Resources (NYSE:AR) Price Target Raised to $36.00

Antero Resources (NYSE:AR) had its price target hoisted by research analysts at Barclays from $30.00 to $36.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the oil and natural gas company’s stock. Barclays‘s target price suggests a potential downside of 3.64% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. UBS Group raised their price target on shares of Antero Resources from $35.00 to $39.00 and gave the company a “neutral” rating in a report on Friday, January 17th. Wells Fargo & Company raised Antero Resources from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $24.00 to $32.00 in a research report on Tuesday, December 17th. Mizuho boosted their price target on Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Truist Financial boosted their target price on shares of Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Finally, Raymond James lifted their price objective on shares of Antero Resources from $44.00 to $60.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

Antero Resources Trading Up 0.4 %

Shares of NYSE:AR opened at $37.36 on Thursday. 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 capitalization of $11.62 billion, a PE ratio of 266.84 and a beta of 3.37. Antero Resources has a 12-month low of $20.56 and a 12-month high of $41.53. The business’s fifty day simple moving average is $34.87 and its 200-day simple moving average is $30.45.

Institutional Trading of Antero Resources

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AR. Vontobel Holding Ltd. grew its holdings in Antero Resources by 11.4% in the fourth quarter. Vontobel Holding Ltd. now owns 24,737 shares of the oil and natural gas company’s stock valued at $867,000 after purchasing an additional 2,522 shares during the period. Van ECK Associates Corp grew its stake in Antero Resources by 43.1% in the 4th quarter. Van ECK Associates Corp now owns 745,770 shares of the oil and natural gas company’s stock valued at $26,139,000 after acquiring an additional 224,700 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Antero Resources by 1,423.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,544 shares of the oil and natural gas company’s stock worth $304,000 after acquiring an additional 7,983 shares in the last quarter. Savant Capital LLC raised its position in Antero Resources by 19.2% during the fourth quarter. Savant Capital LLC now owns 9,621 shares of the oil and natural gas company’s stock worth $337,000 after acquiring an additional 1,549 shares during the period. Finally, Kestra Private Wealth Services LLC purchased a new position in Antero Resources during the fourth quarter valued at $447,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

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.