Antero Resources (NYSE:AR) Stock Price Expected to Rise, Raymond James Analyst Says

Antero Resources (NYSE:AR) had its price objective lifted by research analysts at Raymond James from $34.00 to $44.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “strong-buy” rating on the oil and natural gas company’s stock. Raymond James’ price objective would indicate a potential upside of 29.83% from the stock’s current price.

A number of other research firms have also weighed in on AR. Roth Mkm assumed coverage on Antero Resources in a research note on Tuesday, August 27th. They issued a “buy” rating and a $32.00 price objective for the company. Roth Capital raised Antero Resources to a “strong-buy” rating in a report on Tuesday, August 27th. Citigroup initiated coverage on shares of Antero Resources in a report on Tuesday, September 17th. They set a “neutral” rating and a $29.00 price objective on the stock. Mizuho dropped their price objective on shares of Antero Resources from $37.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, September 16th. Finally, StockNews.com upgraded shares of Antero Resources to a “sell” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.50.

Antero Resources Price Performance

Shares of NYSE AR traded up $0.71 during trading hours on Thursday, reaching $33.89. 2,712,992 shares of the stock traded hands, compared to its average volume of 4,079,315. 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 52-week low of $20.10 and a 52-week high of $36.28. The company has a market capitalization of $10.55 billion, a P/E ratio of 241.64 and a beta of 3.36. The company’s 50-day simple moving average is $28.41 and its two-hundred day simple moving average is $30.04.

Institutional Investors Weigh In On Antero Resources

A number of institutional investors and hedge funds have recently modified their holdings of AR. UMB Bank n.a. raised its stake in shares of Antero Resources by 357.3% during the 3rd 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 in the last quarter. True Wealth Design LLC bought a new position in Antero Resources during the third quarter valued at about $30,000. Capital Performance Advisors LLP acquired a new stake in shares of Antero Resources in the third quarter worth about $45,000. Mattson Financial Services LLC acquired a new position in shares of Antero Resources during the 2nd quarter valued at about $64,000. Finally, GAMMA Investing LLC lifted its stake in shares of Antero Resources by 27.8% in the second quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock worth $98,000 after buying an additional 655 shares during the last quarter. 83.04% of the stock is 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.