JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Antero Resources (NYSE:AR) Stock

Antero Resources (NYSE:AR) had its price objective boosted by equities research analysts at JPMorgan Chase & Co. from $36.00 to $38.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the oil and natural gas company’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential downside of 0.76% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the company. UBS Group upped their price target on Antero Resources from $31.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, December 9th. Bank of America started coverage on shares of Antero Resources in a research note on Monday, October 28th. They issued a “buy” rating and a $36.00 price objective on the stock. Wells Fargo & Company upgraded shares of Antero Resources from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $24.00 to $32.00 in a research report on Tuesday, December 17th. Truist Financial lifted their price objective on Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a research report on Monday. Finally, Citigroup increased their target price on Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.35.

Antero Resources Price Performance

Shares of NYSE AR opened at $38.29 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28. Antero Resources has a one year low of $20.56 and a one year high of $39.43. The firm has a market capitalization of $11.91 billion, a P/E ratio of 273.50 and a beta of 3.37. The company’s fifty day moving average is $32.49 and its two-hundred day moving average is $29.83.

Institutional Trading of Antero Resources

Institutional investors have recently made changes to their positions in the stock. Capital CS Group LLC purchased a new position in Antero Resources in the fourth quarter valued at approximately $615,000. Wedmont Private Capital raised its stake in shares of Antero Resources by 28.5% in the 4th quarter. Wedmont Private Capital now owns 21,716 shares of the oil and natural gas company’s stock valued at $832,000 after acquiring an additional 4,810 shares during the period. Everence Capital Management Inc. acquired a new position in shares of Antero Resources during the 4th quarter valued at $365,000. GAMMA Investing LLC increased its holdings in Antero Resources by 15.8% in the 4th quarter. GAMMA Investing LLC now owns 3,064 shares of the oil and natural gas company’s stock valued at $107,000 after purchasing an additional 418 shares in the last quarter. Finally, Confluence Investment Management LLC lifted its stake in shares of Antero Resources by 6.4% during the fourth quarter. Confluence Investment Management LLC now owns 21,219 shares of the oil and natural gas company’s stock worth $744,000 after purchasing an additional 1,280 shares in the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

About Antero Resources

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.