Antero Resources (NYSE:AR) Upgraded by StockNews.com to Sell Rating

Antero Resources (NYSE:AR) was upgraded by stock analysts at StockNews.com to a “sell” rating in a research note issued on Friday.

Several other research firms have also recently commented on AR. Citigroup lifted their target price on Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Bank of America initiated coverage on Antero Resources in a report on Monday, October 28th. They set a “buy” rating and a $36.00 price objective for the company. Raymond James raised their target price on shares of Antero Resources from $34.00 to $44.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 21st. Mizuho lifted their price target on shares of Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Finally, Barclays cut their price objective on shares of Antero Resources from $32.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $34.78.

Antero Resources Price Performance

AR traded down $0.63 during trading on Friday, hitting $34.94. The company’s stock had a trading volume of 4,040,633 shares, compared to its average volume of 4,008,216. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $10.87 billion, a price-to-earnings ratio of 249.57 and a beta of 3.37. The firm’s 50 day moving average price is $31.45 and its two-hundred day moving average price is $29.72. Antero Resources has a 12 month low of $20.56 and a 12 month high of $36.28.

Institutional Investors Weigh In On Antero Resources

Large investors have recently made changes to their positions in the stock. Wellington Management Group LLP lifted its position in Antero Resources by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company’s stock valued at $500,231,000 after acquiring an additional 675,053 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of 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 valued at $139,054,000 after purchasing an additional 61,490 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Antero Resources by 10.4% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 4,378,849 shares of the oil and natural gas company’s stock valued at $125,452,000 after purchasing an additional 411,549 shares in the last quarter. Merewether Investment Management LP boosted its position in shares of Antero Resources by 4.6% during the second quarter. Merewether Investment Management LP now owns 2,943,948 shares of the oil and natural gas company’s stock worth $96,061,000 after buying an additional 128,200 shares during the period. Finally, Massachusetts Financial Services Co. MA grew 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 buying an additional 122,815 shares in the last quarter. Institutional investors own 83.04% of the company’s stock.

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.