Antero Resources Corporation (NYSE:AR) Receives $48.59 Consensus PT from Analysts

by · The Markets Daily

Antero Resources Corporation (NYSE:AR – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the twenty-one analysts that are covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $48.5294.

AR has been the subject of a number of analyst reports. UBS Group lifted their price target on Antero Resources from $50.00 to $52.00 and gave the company a “buy” rating in a research note on Friday. Williams Trading set a $56.00 price objective on Antero Resources in a research note on Monday, April 20th. Barclays upped their price target on Antero Resources from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. JPMorgan Chase & Co. lowered their price target on Antero Resources from $49.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, July 8th. Finally, Bank of America raised their price objective on Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st.

Read Our Latest Stock Report on AR

Antero Resources Stock Down 2.2%

Shares of NYSE AR opened at $35.67 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.40 and a quick ratio of 0.40. The company has a 50-day moving average price of $34.81 and a 200-day moving average price of $36.49. The stock has a market capitalization of $10.97 billion, a P/E ratio of 10.25 and a beta of 0.34. Antero Resources has a 1 year low of $29.10 and a 1 year high of $45.75.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BIP Wealth LLC bought a new stake in Antero Resources in the 2nd quarter worth about $1,633,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Antero Resources in the 2nd quarter worth approximately $847,000. Merit Financial Group LLC grew its holdings in shares of Antero Resources by 59.0% in the second quarter. Merit Financial Group LLC now owns 40,207 shares of the oil and natural gas company’s stock valued at $1,413,000 after acquiring an additional 14,920 shares in the last quarter. SeaBridge Investment Advisors LLC grew its holdings in shares of Antero Resources by 2.6% in the second quarter. SeaBridge Investment Advisors LLC now owns 102,484 shares of the oil and natural gas company’s stock valued at $3,601,000 after acquiring an additional 2,604 shares in the last quarter. Finally, Ballentine Partners LLC increased its position in shares of Antero Resources by 8.6% during the second quarter. Ballentine Partners LLC now owns 6,179 shares of the oil and natural gas company’s stock valued at $217,000 after acquiring an additional 487 shares during the last quarter. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

About Antero Resources

(Get Free Report)

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.

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