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

Antero Resources Co. (NYSE:AR) has earned a consensus rating of “Moderate Buy” from the nineteen research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, nine have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $33.83.

Several research firms recently issued reports on AR. Roth Mkm assumed coverage on shares of Antero Resources in a report on Tuesday, August 27th. They set a “buy” rating and a $32.00 price objective for the company. Scotiabank upgraded shares of Antero Resources from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $40.00 to $44.00 in a report on Tuesday, August 20th. Wolfe Research upgraded Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 price objective on the stock in a research note on Wednesday, September 11th. Truist Financial decreased their target price on Antero Resources from $29.00 to $28.00 and set a “hold” rating for the company in a research note on Monday, September 30th. Finally, Morgan Stanley dropped their price target on Antero Resources from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th.

Hedge Funds Weigh In On Antero Resources

Several large investors have recently bought and sold shares of AR. UMB Bank n.a. grew its position in shares of Antero Resources by 357.3% during the 3rd quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock worth $25,000 after buying an additional 686 shares during the period. True Wealth Design LLC acquired a new position in Antero Resources during the third quarter valued at approximately $30,000. Capital Performance Advisors LLP bought a new stake in Antero Resources in the third quarter valued at approximately $45,000. Mattson Financial Services LLC acquired a new stake in Antero Resources in the second quarter worth $64,000. Finally, Innealta Capital LLC bought a new position in shares of Antero Resources during the second quarter worth $137,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Stock Performance

AR stock opened at $31.09 on Friday. The firm has a 50 day moving average of $29.61 and a two-hundred day moving average of $29.88. Antero Resources has a 12 month low of $20.10 and a 12 month high of $36.28. The company has a market capitalization of $9.67 billion, a price-to-earnings ratio of 222.07 and a beta of 3.42. 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 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.