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

Antero Resources (NYSE:AR) had its target price hoisted by equities researchers at Raymond James from $34.00 to $44.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “strong-buy” rating on the oil and natural gas company’s stock. Raymond James’ price objective indicates a potential upside of 32.89% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Roth Mkm assumed coverage on Antero Resources in a research report on Tuesday, August 27th. They issued a “buy” rating and a $32.00 price objective on the stock. Wells Fargo & Company lowered their price objective on Antero Resources from $25.00 to $24.00 and set an “underweight” rating on the stock in a research report on Friday, October 18th. Bank of America assumed coverage on Antero Resources in a research report on Monday, October 28th. They issued a “buy” rating and a $36.00 price objective on the stock. Wolfe Research raised Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 price objective on the stock in a research report on Wednesday, September 11th. Finally, Barclays lowered their price objective on Antero Resources from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $33.50.

Antero Resources Stock Performance

Antero Resources stock opened at $33.11 on Thursday. 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 company has a market capitalization of $10.30 billion, a P/E ratio of 236.50 and a beta of 3.36. The stock’s 50 day moving average is $28.55 and its 200 day moving average is $30.06. Antero Resources has a twelve month low of $20.10 and a twelve month high of $36.28.

Hedge Funds Weigh In On Antero Resources

A number of institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its stake in Antero Resources by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company’s stock worth $139,054,000 after buying an additional 61,490 shares in the last quarter. M&T Bank Corp grew its position in shares of Antero Resources by 3.2% during the third quarter. M&T Bank Corp now owns 24,155 shares of the oil and natural gas company’s stock valued at $692,000 after purchasing an additional 743 shares in the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Antero Resources during the third quarter valued at about $430,000. Wellington Management Group LLP grew its position in shares of Antero Resources by 4.0% during the third quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company’s stock valued at $500,231,000 after purchasing an additional 675,053 shares in the last quarter. Finally, Weiss Asset Management LP purchased a new position in shares of Antero Resources during the third quarter valued at about $558,000. 83.04% of the stock is owned by institutional investors.

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.