Antero Resources Co. (NYSE:AR) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Antero Resources Co. (NYSE:AR) have been given a consensus rating of “Moderate Buy” by the eighteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $38.63.

A number of brokerages have weighed in on AR. The Goldman Sachs Group boosted their target price on Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday. Citigroup boosted their price objective 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. Raymond James raised their target price on shares of Antero Resources from $44.00 to $60.00 and gave the stock a “strong-buy” rating in a report on Thursday. UBS Group boosted their target price on shares of Antero Resources from $35.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. raised their price target on Antero Resources from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 14th.

Antero Resources Price Performance

Shares of NYSE:AR opened at $40.14 on Monday. The company has a market capitalization of $12.49 billion, a PE ratio of 286.69 and a beta of 3.37. The business has a fifty day moving average price of $34.59 and a 200-day moving average price of $30.34. Antero Resources has a 1-year low of $20.56 and a 1-year high of $41.53. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in AR. Geode Capital Management LLC increased its holdings 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 during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Antero Resources by 4.8% during the third 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. Capital CS Group LLC acquired a new position in Antero Resources during the fourth quarter valued at $615,000. Franklin Resources Inc. boosted its holdings in Antero Resources by 40.6% in the third quarter. Franklin Resources Inc. now owns 756,128 shares of the oil and natural gas company’s stock valued at $21,209,000 after purchasing an additional 218,517 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Antero Resources by 85.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 167,882 shares of the oil and natural gas company’s stock worth $4,810,000 after purchasing an additional 77,193 shares during the period. Hedge funds and other institutional investors own 83.04% of the company’s stock.

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.