Benchmark Reaffirms “Hold” Rating for Antero Resources (NYSE:AR)

Antero Resources (NYSE:AR)‘s stock had its “hold” rating reiterated by stock analysts at Benchmark in a note issued to investors on Friday,Benzinga reports.

Other equities research analysts have also issued reports about the stock. Raymond James boosted their price objective on shares of Antero Resources from $34.00 to $44.00 and gave the company a “strong-buy” rating in a report on Thursday, November 21st. Barclays lowered their target price on Antero Resources from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. BMO Capital Markets boosted their target price on shares of Antero Resources from $33.00 to $34.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. Truist Financial lifted their price objective on shares of Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a report on Monday, January 13th. Finally, Citigroup increased their price objective on shares of Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $36.88.

Antero Resources Trading Down 0.2 %

NYSE:AR opened at $40.50 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $12.60 billion, a price-to-earnings ratio of 289.26 and a beta of 3.37. Antero Resources has a 52 week low of $20.56 and a 52 week high of $40.93. The firm has a 50 day moving average of $33.65 and a 200 day moving average of $30.10.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. UMB Bank n.a. grew 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 worth $25,000 after acquiring an additional 686 shares during the last quarter. Pinnacle Bancorp Inc. acquired a new stake in shares of Antero Resources during the 4th quarter worth approximately $28,000. True Wealth Design LLC bought a new position in shares of Antero Resources in the 3rd quarter worth $30,000. Capital Performance Advisors LLP bought a new stake in Antero Resources in the third quarter valued at about $45,000. Finally, Mattson Financial Services LLC bought a new position in Antero Resources during the second quarter worth about $64,000. 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.