Antero Resources (NYSE:AR) Stock Price Expected to Rise, Citigroup Analyst Says

Antero Resources (NYSE:AR) had its target price raised by equities research analysts at Citigroup from $29.00 to $35.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the oil and natural gas company’s stock. Citigroup’s price target suggests a potential upside of 12.58% from the stock’s previous close.

A number of other analysts have also weighed in on the stock. Raymond James upped their target price on shares of Antero Resources from $34.00 to $44.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 21st. Wells Fargo & Company reduced their price objective on shares of Antero Resources from $25.00 to $24.00 and set an “underweight” rating on the stock in a report on Friday, October 18th. Roth Capital raised shares of Antero Resources to a “strong-buy” rating in a research report on Tuesday, August 27th. UBS Group dropped their target price on Antero Resources from $33.00 to $31.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Finally, Morgan Stanley cut their price target on Antero Resources from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Antero Resources presently has a consensus rating of “Moderate Buy” and an average price target of $33.83.

Antero Resources Trading Down 2.1 %

AR opened at $31.09 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market capitalization of $9.67 billion, a price-to-earnings ratio of 222.07 and a beta of 3.42. The business has a fifty day moving average price of $29.61 and a 200 day moving average price of $29.88. 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

A number of institutional investors and hedge funds have recently made changes to their positions in AR. UMB Bank n.a. increased its position in Antero Resources by 357.3% in the 3rd 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. True Wealth Design LLC purchased a new position in shares of Antero Resources in the 3rd quarter valued at approximately $30,000. Capital Performance Advisors LLP acquired a new position in shares of Antero Resources in the third quarter valued at approximately $45,000. Mattson Financial Services LLC purchased a new stake in shares of Antero Resources during the second quarter worth approximately $64,000. Finally, Innealta Capital LLC acquired a new stake in shares of Antero Resources during the second quarter worth $137,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

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.