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

Antero Resources Co. (NYSE:AR) has been given a consensus rating of “Moderate Buy” by the nineteen ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, nine have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $32.83.

AR has been the topic of several recent analyst reports. Wells Fargo & Company dropped their target price on shares of Antero Resources from $25.00 to $24.00 and set an “underweight” rating on the stock in a research report on Friday, October 18th. Wolfe Research upgraded Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 price target on the stock in a report on Wednesday, September 11th. UBS Group reduced their price objective on Antero Resources from $33.00 to $31.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. Scotiabank raised Antero Resources from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $40.00 to $44.00 in a research report on Tuesday, August 20th. Finally, Roth Capital raised shares of Antero Resources to a “strong-buy” rating in a report on Tuesday, August 27th.

Antero Resources Stock Down 1.6 %

AR opened at $31.17 on Wednesday. Antero Resources has a fifty-two week low of $20.10 and a fifty-two week high of $36.28. The firm has a market capitalization of $9.70 billion, a P/E ratio of 222.64 and a beta of 3.36. The company’s 50-day moving average is $27.68 and its 200 day moving average is $30.09. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28.

Hedge Funds Weigh In On Antero Resources

A number of large investors have recently made changes to their positions in AR. UMB Bank n.a. boosted its position 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 acquiring an additional 686 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Antero Resources by 1,311.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock worth $28,000 after purchasing an additional 892 shares in the last quarter. Capital Performance Advisors LLP bought a new position in Antero Resources in the 3rd quarter valued at $45,000. Mattson Financial Services LLC purchased a new position in shares of Antero Resources during the 2nd quarter valued at $64,000. Finally, GAMMA Investing LLC increased its holdings in shares of Antero Resources by 27.8% in the second quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock worth $98,000 after purchasing an additional 655 shares during the period. 83.04% of the stock is owned by institutional investors.

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.