Antero Resources Co. (NYSE:AR) Receives Average Rating of “Moderate Buy” from Brokerages

Antero Resources Co. (NYSE:AR) has received an average rating of “Moderate Buy” from the nineteen research firms that are covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $34.78.

AR has been the subject of a number of recent research reports. Barclays decreased their price target on shares of Antero Resources from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, October 3rd. The Goldman Sachs Group lowered their price target on Antero Resources from $36.00 to $32.00 and set a “buy” rating for the company in a research report on Friday, September 6th. StockNews.com raised shares of Antero Resources to a “sell” rating in a report on Friday, November 1st. JPMorgan Chase & Co. lowered their target price on shares of Antero Resources from $37.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, September 12th. Finally, Morgan Stanley cut 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.

Hedge Funds Weigh In On Antero Resources

Large investors have recently bought and sold shares of the stock. CIBC Asset Management Inc lifted its stake in Antero Resources by 19.3% in the second quarter. CIBC Asset Management Inc now owns 8,494 shares of the oil and natural gas company’s stock worth $277,000 after acquiring an additional 1,372 shares during the period. Versor Investments LP purchased a new position in shares of Antero Resources during the second quarter valued at about $395,000. Rhumbline Advisers raised its stake in Antero Resources by 1.1% in the second quarter. Rhumbline Advisers now owns 792,733 shares of the oil and natural gas company’s stock worth $25,867,000 after buying an additional 8,285 shares in the last quarter. VELA Investment Management LLC lifted its holdings in Antero Resources by 38.4% in the second quarter. VELA Investment Management LLC now owns 31,328 shares of the oil and natural gas company’s stock worth $1,022,000 after buying an additional 8,685 shares during the period. Finally, Victory Capital Management Inc. boosted its position in Antero Resources by 2.7% during the 2nd quarter. Victory Capital Management Inc. now owns 740,778 shares of the oil and natural gas company’s stock valued at $24,172,000 after acquiring an additional 19,127 shares in the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Antero Resources Price Performance

Antero Resources stock opened at $35.05 on Thursday. The stock has a market capitalization of $10.91 billion, a price-to-earnings ratio of 250.36 and a beta of 3.42. Antero Resources has a 52-week low of $20.56 and a 52-week high of $36.28. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28. The stock’s 50 day moving average price is $31.14 and its two-hundred day moving average price is $29.66.

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.