Antero Resources Corporation (NYSE:AR) Receives $45.60 Consensus PT from Brokerages

by · The Cerbat Gem

Shares of Antero Resources Corporation (NYSE:AR – Get Free Report) have received an average rating of “Moderate Buy” from the eighteen analysts that are covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $45.60.

Several research analysts have recently commented on AR shares. Barclays decreased their price target on shares of Antero Resources from $46.00 to $41.00 and set an “equal weight” rating for the company in a report on Wednesday, January 21st. Zacks Research raised shares of Antero Resources from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Wall Street Zen downgraded Antero Resources from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. UBS Group increased their price target on Antero Resources from $40.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Finally, Benchmark reissued a “hold” rating on shares of Antero Resources in a report on Thursday, January 15th.

Get Our Latest Stock Report on Antero Resources

Antero Resources Stock Performance

Antero Resources stock opened at $34.44 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.31 and a quick ratio of 0.31. Antero Resources has a 12 month low of $29.10 and a 12 month high of $44.01. The company has a fifty day moving average price of $34.25 and a two-hundred day moving average price of $33.33. The company has a market cap of $10.63 billion, a PE ratio of 18.32 and a beta of 0.55.

Hedge Funds Weigh In On Antero Resources

Several hedge funds and other institutional investors have recently modified their holdings of the company. Huntington National Bank increased its holdings in shares of Antero Resources by 91.3% in the 2nd quarter. Huntington National Bank now owns 656 shares of the oil and natural gas company’s stock worth $26,000 after acquiring an additional 313 shares during the period. Root Financial Partners LLC acquired a new position in Antero Resources during the 3rd quarter valued at about $26,000. Sunbelt Securities Inc. bought a new position in Antero Resources in the 3rd quarter worth about $30,000. IFP Advisors Inc increased its stake in shares of Antero Resources by 59.2% in the third quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after purchasing an additional 345 shares during the period. Finally, Newbridge Financial Services Group Inc. increased its stake in shares of Antero Resources by 114.2% in the second quarter. Newbridge Financial Services Group Inc. now owns 938 shares of the oil and natural gas company’s stock valued at $38,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Company Profile

(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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