Antero Resources (NYSE:AR) Price Target Raised to $38.00

Antero Resources (NYSE:AR) had its price objective hoisted by JPMorgan Chase & Co. from $36.00 to $38.00 in a research note published on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the oil and natural gas company’s stock.

AR has been the topic of a number of other research reports. UBS Group upped their target price on Antero Resources from $31.00 to $35.00 and gave the stock a “neutral” rating in a research note on Monday, December 9th. Raymond James upped their price objective on Antero Resources from $34.00 to $44.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 21st. BMO Capital Markets lifted their target price on shares of Antero Resources from $33.00 to $34.00 and gave the company a “market perform” rating in a report on Friday, October 4th. Morgan Stanley lowered their price target on shares of Antero Resources from $39.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Finally, Mizuho lifted their price objective on shares of Antero Resources from $35.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Antero Resources has a consensus rating of “Moderate Buy” and an average target price of $36.35.

Antero Resources Trading Up 0.9 %

NYSE AR opened at $40.59 on Tuesday. The company has a fifty day moving average of $33.19 and a 200 day moving average of $29.98. The company has a market capitalization of $12.63 billion, a PE ratio of 289.93 and a beta of 3.37. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. Antero Resources has a 1 year low of $20.56 and a 1 year high of $40.93.

Institutional Investors Weigh In On Antero Resources

A number of large investors have recently modified their holdings of the business. Envestnet Asset Management Inc. grew its stake in Antero Resources by 87.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 58,017 shares of the oil and natural gas company’s stock valued at $1,893,000 after acquiring an additional 27,105 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Antero Resources by 17.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,541,813 shares of the oil and natural gas company’s stock worth $82,939,000 after purchasing an additional 381,310 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Antero Resources by 5.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 22,645 shares of the oil and natural gas company’s stock valued at $739,000 after purchasing an additional 1,087 shares in the last quarter. XTX Topco Ltd increased its holdings in shares of Antero Resources by 310.5% in the second quarter. XTX Topco Ltd now owns 64,605 shares of the oil and natural gas company’s stock valued at $2,108,000 after purchasing an additional 48,866 shares during the last quarter. Finally, Goehring & Rozencwajg Associates LLC lifted its position in Antero Resources by 11.0% during the second quarter. Goehring & Rozencwajg Associates LLC now owns 808,284 shares of the oil and natural gas company’s stock worth $26,374,000 after buying an additional 79,900 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.