Antero Resources (NYSE:AR) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Antero Resources (NYSE:AR) from an underweight rating to an equal weight rating in a report issued on Tuesday, Marketbeat reports. They currently have $32.00 target price on the oil and natural gas company’s stock, up from their previous target price of $24.00.

Several other equities research analysts also recently weighed in on AR. Barclays reduced their price target 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. The Goldman Sachs Group decreased their price target on Antero Resources from $36.00 to $32.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Roth Capital raised Antero Resources to a “strong-buy” rating in a research report on Tuesday, August 27th. UBS Group lifted their price objective on Antero Resources from $31.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, December 9th. Finally, Mizuho upped their target price on shares of Antero Resources from $35.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $34.78.

Antero Resources Stock Performance

Shares of AR stock opened at $31.58 on Tuesday. The company has a market capitalization of $9.83 billion, a price-to-earnings ratio of 225.57 and a beta of 3.42. 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 $20.56 and a one year high of $36.28. The company’s 50-day moving average is $29.92 and its 200 day moving average is $29.77.

Institutional Trading of Antero Resources

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP increased its stake in shares of Antero Resources by 4.0% in the third quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company’s stock worth $500,231,000 after purchasing an additional 675,053 shares in the last quarter. Geode Capital Management LLC increased its stake in Antero Resources by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company’s stock worth $139,054,000 after buying an additional 61,490 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in Antero Resources by 10.4% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 4,378,849 shares of the oil and natural gas company’s stock valued at $125,452,000 after acquiring an additional 411,549 shares during the period. Merewether Investment Management LP raised its holdings in Antero Resources by 4.6% during the second quarter. Merewether Investment Management LP now owns 2,943,948 shares of the oil and natural gas company’s stock valued at $96,061,000 after acquiring an additional 128,200 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Antero Resources by 4.8% in the third 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 in the last quarter. Hedge funds and other 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.