Raymond James Issues Positive Forecast for Antero Resources (NYSE:AR) Stock Price

Antero Resources (NYSE:ARGet Free Report) had its price target increased by investment analysts at Raymond James from $44.00 to $60.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “strong-buy” rating on the oil and natural gas company’s stock. Raymond James’ target price would suggest a potential upside of 49.49% from the stock’s previous close.

A number of other brokerages have also recently issued reports on AR. Barclays reduced their target price on shares of Antero Resources from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Benchmark reissued a “hold” rating on shares of Antero Resources in a research report on Friday, January 17th. UBS Group boosted their target price on shares of Antero Resources from $35.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Citigroup upped their price objective on shares of Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Antero Resources from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Antero Resources presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.63.

Get Our Latest Stock Report on Antero Resources

Antero Resources Trading Down 1.0 %

Shares of Antero Resources stock opened at $40.14 on Thursday. The firm has a 50-day moving average of $34.59 and a 200-day moving average of $30.37. The stock has a market cap of $12.49 billion, a PE ratio of 286.69 and a beta of 3.37. Antero Resources has a 52-week low of $20.56 and a 52-week high of $41.53. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. UMB Bank n.a. increased its stake in shares of Antero Resources by 357.3% in the third quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock valued at $25,000 after buying an additional 686 shares during the period. Pinnacle Bancorp Inc. acquired a new position in shares of Antero Resources in the fourth quarter valued at approximately $28,000. True Wealth Design LLC acquired a new position in shares of Antero Resources in the third quarter valued at approximately $30,000. Spire Wealth Management acquired a new position in shares of Antero Resources in the fourth quarter valued at approximately $31,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Antero Resources in the third quarter valued at approximately $45,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Antero Resources (NYSE:AR)

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