Antero Resources Co. (NYSE:AR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Antero Resources Co. (NYSE:AR) have received an average recommendation of “Moderate Buy” from the nineteen analysts that are presently covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $34.78.

A number of equities analysts recently issued reports on AR shares. JPMorgan Chase & Co. dropped their price target on shares of Antero Resources from $37.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, September 12th. Truist Financial cut their price target on shares of Antero Resources from $29.00 to $28.00 and set a “hold” rating on the stock in a report on Monday, September 30th. Barclays reduced their target price 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. BMO Capital Markets lifted their price target on shares of Antero Resources from $33.00 to $34.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. Finally, Mizuho increased their price objective on shares of Antero Resources from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, December 16th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AR. UMB Bank n.a. lifted its holdings in shares of Antero Resources by 357.3% in the 3rd quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock worth $25,000 after acquiring an additional 686 shares during the last quarter. True Wealth Design LLC purchased a new stake in Antero Resources in the 3rd quarter worth about $30,000. Capital Performance Advisors LLP bought a new stake in Antero Resources in the third quarter worth about $45,000. Mattson Financial Services LLC purchased a new position in shares of Antero Resources during the second quarter valued at approximately $64,000. Finally, Signaturefd LLC grew its stake in shares of Antero Resources by 19.9% during the third quarter. Signaturefd LLC now owns 4,222 shares of the oil and natural gas company’s stock valued at $121,000 after buying an additional 702 shares during the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Antero Resources Stock Down 1.3 %

Shares of NYSE:AR opened at $35.05 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 stock has a fifty day simple moving average of $31.14 and a two-hundred day simple moving average of $29.66. Antero Resources has a 12-month low of $20.56 and a 12-month high of $36.28. The stock has a market capitalization of $10.91 billion, a price-to-earnings ratio of 250.36 and a beta of 3.42.

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.