Antero Resources (NYSE:AR) Hits New 52-Week High on Analyst Upgrade

Antero Resources Co. (NYSE:AR) hit a new 52-week high during mid-day trading on Wednesday after JPMorgan Chase & Co. raised their price target on the stock from $36.00 to $38.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Antero Resources traded as high as $39.77 and last traded at $39.77, with a volume of 720585 shares. The stock had previously closed at $38.59.

A number of other analysts also recently issued reports on AR. Raymond James raised their price target on shares of Antero Resources from $34.00 to $44.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 21st. Morgan Stanley cut their price target on shares of Antero Resources from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, September 16th. UBS Group raised their price target on shares of Antero Resources from $31.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, December 9th. Wells Fargo & Company upgraded shares of Antero Resources from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $24.00 to $32.00 in a report on Tuesday, December 17th. Finally, Citigroup lifted their target price 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 assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $36.35.

Institutional Investors Weigh In On Antero Resources

Several institutional investors have recently modified their holdings of the company. Wellington Management Group LLP lifted its position in shares of Antero Resources by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company’s stock worth $500,231,000 after purchasing an additional 675,053 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Antero Resources by 1.3% during 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 purchasing an additional 61,490 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of Antero Resources by 10.4% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 4,378,849 shares of the oil and natural gas company’s stock worth $125,452,000 after purchasing an additional 411,549 shares during the last quarter. Merewether Investment Management LP lifted its position in shares of Antero Resources by 4.6% during the 2nd quarter. Merewether Investment Management LP now owns 2,943,948 shares of the oil and natural gas company’s stock worth $96,061,000 after purchasing an additional 128,200 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Antero Resources by 4.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company’s stock worth $76,342,000 after purchasing an additional 122,815 shares during the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Antero Resources Trading Up 4.3 %

The firm has a market capitalization of $12.52 billion, a PE ratio of 287.50 and a beta of 3.37. The company’s 50-day moving average price is $32.96 and its 200-day moving average price is $29.91. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28.

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.