Antero Resources Co. (NYSE:AR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Antero Resources Co. (NYSE:AR) has earned an average rating of “Moderate Buy” from the nineteen research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, nine have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $32.83.

A number of research firms have issued reports on AR. The Goldman Sachs Group decreased their target price on Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Roth Capital raised shares of Antero Resources to a “strong-buy” rating in a report on Tuesday, August 27th. Citigroup initiated coverage on shares of Antero Resources in a research note on Tuesday, September 17th. They issued a “neutral” rating and a $29.00 price objective for the company. JPMorgan Chase & Co. cut their target price on shares of Antero Resources from $37.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday, September 12th. Finally, Morgan Stanley lowered their price target on shares of Antero Resources from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, September 16th.

Antero Resources Trading Down 1.6 %

Shares of Antero Resources stock opened at $31.17 on Wednesday. The firm’s 50-day moving average price is $27.68 and its two-hundred day moving average price is $30.09. The company has a market capitalization of $9.70 billion, a price-to-earnings ratio of 222.64 and a beta of 3.36. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. Antero Resources has a 12-month low of $20.10 and a 12-month high of $36.28.

Institutional Investors Weigh In On Antero Resources

Hedge funds and other institutional investors have recently modified their holdings of the company. UMB Bank n.a. grew its holdings in shares of Antero Resources by 357.3% during 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 last quarter. Allspring Global Investments Holdings LLC boosted its stake in Antero Resources by 1,311.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock valued at $28,000 after purchasing an additional 892 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Antero Resources during the 3rd quarter worth approximately $45,000. Mattson Financial Services LLC purchased a new stake in shares of Antero Resources in the second quarter worth approximately $64,000. Finally, GAMMA Investing LLC lifted 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 valued at $98,000 after purchasing an additional 655 shares in the last quarter. 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.