Antero Resources (NYSE:AR) Price Target Raised to $38.00 at Truist Financial

Antero Resources (NYSE:AR) had its price target raised by Truist Financial from $28.00 to $38.00 in a research note released on Monday,Benzinga reports. They currently have a hold rating on the oil and natural gas company’s stock.

Several other brokerages have also commented on AR. Wells Fargo & Company upgraded shares of 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. Raymond James increased their price target on shares of Antero Resources from $34.00 to $44.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 21st. BMO Capital Markets boosted their price objective on Antero Resources from $33.00 to $34.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. StockNews.com raised Antero Resources to a “sell” rating in a report on Friday, January 3rd. Finally, Bank of America assumed coverage on shares of Antero Resources in a research note on Monday, October 28th. They set a “buy” rating and a $36.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Antero Resources currently has an average rating of “Moderate Buy” and an average target price of $35.88.

Antero Resources Stock Performance

AR opened at $38.29 on Monday. 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 firm’s 50-day moving average price is $32.49 and its 200 day moving average price is $29.83. The firm has a market capitalization of $11.91 billion, a PE ratio of 273.50 and a beta of 3.37. Antero Resources has a twelve month low of $20.56 and a twelve month high of $39.43.

Hedge Funds Weigh In On Antero Resources

A number of large investors have recently bought and sold shares of AR. Geode Capital Management LLC grew its stake in shares of Antero Resources by 1.3% in the third quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company’s stock valued at $139,054,000 after buying an additional 61,490 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Antero Resources by 4.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company’s stock valued at $76,342,000 after acquiring an additional 122,815 shares during the last quarter. Franklin Resources Inc. grew its holdings in Antero Resources by 40.6% during the 3rd quarter. Franklin Resources Inc. now owns 756,128 shares of the oil and natural gas company’s stock worth $21,209,000 after acquiring an additional 218,517 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Antero Resources by 85.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 167,882 shares of the oil and natural gas company’s stock worth $4,810,000 after purchasing an additional 77,193 shares during the last quarter. Finally, Driehaus Capital Management LLC bought a new position in shares of Antero Resources during the second quarter worth about $17,307,000. Hedge funds and other institutional investors 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.