Raymond James Forecasts Strong Price Appreciation for Antero Resources (NYSE:AR) Stock

Antero Resources (NYSE:AR) had its price objective hoisted by equities research analysts at Raymond James from $44.00 to $60.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “strong-buy” rating on the oil and natural gas company’s stock. Raymond James’ price target would suggest a potential upside of 49.49% from the company’s current price.

A number of other brokerages have also weighed in on AR. StockNews.com raised shares of Antero Resources to a “sell” rating in a research note on Thursday, January 16th. Benchmark reaffirmed a “hold” rating on shares of Antero Resources in a research note on Friday, January 17th. Truist Financial lifted their price target on shares of Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Barclays cut their price target on shares of 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. Finally, BMO Capital Markets lifted their price target 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. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Antero Resources presently has an average rating of “Moderate Buy” and a consensus target price of $38.63.

Antero Resources Stock Down 1.0 %

Antero Resources stock opened at $40.14 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. Antero Resources has a fifty-two week low of $20.56 and a fifty-two week high of $41.53. The company’s 50 day simple moving average is $34.59 and its 200 day simple moving average is $30.37. The firm has a market capitalization of $12.49 billion, a price-to-earnings ratio of 286.69 and a beta of 3.37.

Hedge Funds Weigh In On Antero Resources

A number of institutional investors have recently added to or reduced their stakes in AR. Pinnacle Bancorp Inc. bought a new position in Antero Resources during the fourth quarter worth $28,000. UMB Bank n.a. boosted its position in Antero Resources by 357.3% during the third quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock worth $25,000 after purchasing an additional 686 shares during the period. Spire Wealth Management bought a new position in Antero Resources during the fourth quarter worth $31,000. True Wealth Design LLC bought a new position in Antero Resources during the third quarter worth $30,000. Finally, Capital Performance Advisors LLP bought a new position in Antero Resources during the third quarter worth $45,000. 83.04% of the stock is currently 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.