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

Antero Resources (NYSE:AR) had its target price raised by Raymond James from $34.00 to $44.00 in a report published on Thursday,Benzinga reports. The firm currently has a strong-buy rating on the oil and natural gas company’s stock.

A number of other brokerages have also recently issued reports on AR. Bank of America began coverage on shares of Antero Resources in a report on Monday, October 28th. They issued a “buy” rating and a $36.00 target price on the stock. Scotiabank upgraded shares of Antero Resources from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $40.00 to $44.00 in a research report on Tuesday, August 20th. Truist Financial decreased their price target on shares of Antero Resources from $29.00 to $28.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. Wells Fargo & Company lowered their price objective 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. Finally, Mizuho decreased their target price on shares of Antero Resources from $37.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Antero Resources has a consensus rating of “Moderate Buy” and an average price target of $33.50.

Antero Resources Stock Performance

Shares of AR stock opened at $33.11 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28. Antero Resources has a one year low of $20.10 and a one year high of $36.28. The company’s 50-day simple moving average is $28.68 and its 200-day simple moving average is $29.99. The stock has a market capitalization of $10.30 billion, a price-to-earnings ratio of 236.50 and a beta of 3.36.

Hedge Funds Weigh In On Antero Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC purchased a new stake in Antero Resources in the first quarter valued at approximately $322,000. Vanguard Group Inc. raised its stake in shares of Antero Resources by 1.3% during the first quarter. Vanguard Group Inc. now owns 28,066,610 shares of the oil and natural gas company’s stock worth $813,932,000 after acquiring an additional 372,450 shares in the last quarter. Hood River Capital Management LLC raised its stake in shares of Antero Resources by 81.5% during the first quarter. Hood River Capital Management LLC now owns 117,658 shares of the oil and natural gas company’s stock worth $3,412,000 after acquiring an additional 52,843 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Antero Resources by 6.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 151,281 shares of the oil and natural gas company’s stock worth $4,388,000 after acquiring an additional 8,877 shares in the last quarter. Finally, Progeny 3 Inc. increased its stake in shares of Antero Resources by 93.8% in the first quarter. Progeny 3 Inc. now owns 382,400 shares of the oil and natural gas company’s stock worth $11,090,000 after buying an additional 185,100 shares during the period. Institutional investors 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.