The Goldman Sachs Group Raises Antero Resources (NYSE:AR) Price Target to $44.00

Antero Resources (NYSE:AR) had its price target boosted by analysts at The Goldman Sachs Group from $39.00 to $44.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the oil and natural gas company’s stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 9.63% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. UBS Group boosted their target price on shares of Antero Resources from $35.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. StockNews.com upgraded shares of Antero Resources to a “sell” rating in a report on Thursday, January 16th. Benchmark restated a “hold” rating on shares of Antero Resources in a report on Friday, January 17th. JPMorgan Chase & Co. upped their price objective on shares of Antero Resources from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Tuesday, January 14th. Finally, Bank of America initiated coverage on shares of Antero Resources in a report on Monday, October 28th. They set a “buy” rating and a $36.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Antero Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.63.

Antero Resources Stock Down 1.0 %

Shares of AR opened at $40.14 on Thursday. The firm has a market capitalization of $12.49 billion, a P/E ratio of 286.69 and a beta of 3.37. Antero Resources has a 12-month low of $20.56 and a 12-month high of $41.53. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The firm has a fifty day moving average price of $34.59 and a 200-day moving average price of $30.37.

Institutional Trading of Antero Resources

Hedge funds and other institutional investors have recently modified their holdings of the stock. Caprock Group LLC increased its position in shares of Antero Resources by 0.6% during the 4th quarter. Caprock Group LLC now owns 58,401 shares of the oil and natural gas company’s stock worth $2,047,000 after purchasing an additional 374 shares during the last quarter. GAMMA Investing LLC lifted its stake in Antero Resources by 15.8% during the fourth quarter. GAMMA Investing LLC now owns 3,064 shares of the oil and natural gas company’s stock worth $107,000 after purchasing an additional 418 shares during the last quarter. Icon Wealth Advisors LLC lifted its stake in Antero Resources by 5.8% during the third quarter. Icon Wealth Advisors LLC now owns 8,459 shares of the oil and natural gas company’s stock worth $242,000 after purchasing an additional 460 shares during the last quarter. Chickasaw Capital Management LLC lifted its stake in Antero Resources by 5.5% during the third quarter. Chickasaw Capital Management LLC now owns 9,540 shares of the oil and natural gas company’s stock worth $273,000 after purchasing an additional 500 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in Antero Resources by 10.9% during the fourth quarter. Blue Trust Inc. now owns 5,316 shares of the oil and natural gas company’s stock worth $186,000 after purchasing an additional 521 shares during the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

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.