Antero Resources Co. (NYSE:AR) Receives $33.83 Consensus Price Target from Analysts

Shares of Antero Resources Co. (NYSE:AR) have been assigned an average rating of “Moderate Buy” from the nineteen research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, nine have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $34.06.

A number of analysts recently commented on AR shares. Morgan Stanley lowered their price objective on shares of Antero Resources from $39.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Truist Financial lowered their target price on Antero Resources from $29.00 to $28.00 and set a “hold” rating for the company in a report on Monday, September 30th. Wolfe Research upgraded Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 target price for the company in a report on Wednesday, September 11th. Mizuho lowered their target price on Antero Resources from $37.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, September 16th. Finally, Citigroup increased their target price on Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, December 6th.

Antero Resources Price Performance

AR opened at $33.05 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. Antero Resources has a 12 month low of $20.34 and a 12 month high of $36.28. The company has a fifty day simple moving average of $29.84 and a 200 day simple moving average of $29.86. The stock has a market cap of $10.28 billion, a P/E ratio of 236.07 and a beta of 3.42.

Institutional Investors Weigh In On Antero Resources

Several hedge funds have recently bought and sold shares of the company. Icon Wealth Advisors LLC lifted its position 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 acquiring an additional 460 shares during the last quarter. Chickasaw Capital Management LLC increased its holdings in shares of 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 buying an additional 500 shares in the last quarter. Wedmont Private Capital grew its stake in shares of Antero Resources by 4.2% in the third quarter. Wedmont Private Capital now owns 16,906 shares of the oil and natural gas company’s stock worth $505,000 after purchasing an additional 681 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Antero Resources by 357.3% in 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 last quarter. Finally, Signaturefd LLC grew its stake in shares of Antero Resources by 19.9% in the third quarter. Signaturefd LLC now owns 4,222 shares of the oil and natural gas company’s stock worth $121,000 after purchasing an additional 702 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

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.