Antero Resources (NYSE:AR) Raised to “Sell” at StockNews.com

Antero Resources (NYSE:AR) was upgraded by research analysts at StockNews.com to a “sell” rating in a research note issued to investors on Friday.

A number of other equities analysts have also commented on AR. UBS Group raised their price target on Antero Resources from $31.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, December 9th. Wolfe Research upgraded Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 target price for the company in a research note on Wednesday, September 11th. Raymond James lifted their target price on Antero Resources from $34.00 to $44.00 and gave the company a “strong-buy” rating in a report on Thursday, November 21st. BMO Capital Markets increased their price target on shares of Antero Resources from $33.00 to $34.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. Finally, Bank of America assumed coverage on shares of Antero Resources in a research note on Monday, October 28th. They set a “buy” rating and a $36.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Antero Resources has an average rating of “Moderate Buy” and a consensus price target of $34.78.

Antero Resources Price Performance

Shares of NYSE AR opened at $34.94 on Friday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The stock has a fifty day simple moving average of $31.45 and a two-hundred day simple moving average of $29.70. Antero Resources has a 1-year low of $20.56 and a 1-year high of $36.28. The firm has a market cap of $10.87 billion, a price-to-earnings ratio of 249.57 and a beta of 3.37.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AR. UMB Bank n.a. lifted its position in 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 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 during the third quarter valued at approximately $30,000. Capital Performance Advisors LLP bought a new stake in shares of Antero Resources in the 3rd quarter worth approximately $45,000. Mattson Financial Services LLC purchased a new stake in shares of Antero Resources in the 2nd quarter worth approximately $64,000. Finally, GAMMA Investing LLC increased its position in Antero Resources by 15.8% during the 4th quarter. GAMMA Investing LLC now owns 3,064 shares of the oil and natural gas company’s stock valued at $107,000 after buying an additional 418 shares in the last quarter. 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.