Antero Resources’ (AR) Hold Rating Reaffirmed at Benchmark

Antero Resources (NYSE:AR)‘s stock had its “hold” rating reiterated by equities research analysts at Benchmark in a note issued to investors on Friday,Benzinga reports.

Other equities analysts also recently issued research reports about the company. Truist Financial raised their price target on Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a research report on Monday. Barclays reduced 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 research note on Thursday, October 3rd. Citigroup lifted their target price on shares of Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Mizuho increased their price target on Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Finally, JPMorgan Chase & Co. lifted their price objective on Antero Resources from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $36.35.

Antero Resources Price Performance

Shares of NYSE AR traded down $0.60 on Friday, hitting $39.97. The company’s stock had a trading volume of 1,368,878 shares, compared to its average volume of 5,080,717. The stock has a 50 day moving average of $33.43 and a 200-day moving average of $30.06. The company has a market capitalization of $12.44 billion, a price-to-earnings ratio of 285.01 and a beta of 3.37. Antero Resources has a 12-month low of $20.56 and a 12-month high of $40.93. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28.

Institutional Investors Weigh In On Antero Resources

Large investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its stake in Antero Resources by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company’s stock worth $139,054,000 after buying an additional 61,490 shares during the period. Massachusetts Financial Services Co. MA lifted its position 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 purchasing an additional 122,815 shares during the last quarter. Franklin Resources Inc. grew its stake in Antero Resources by 40.6% in the third quarter. Franklin Resources Inc. now owns 756,128 shares of the oil and natural gas company’s stock worth $21,209,000 after purchasing an additional 218,517 shares in the last quarter. Capital CS Group LLC acquired a new stake in Antero Resources during the fourth quarter valued at approximately $615,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Antero Resources by 85.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 167,882 shares of the oil and natural gas company’s stock worth $4,810,000 after buying an additional 77,193 shares during the last quarter. Institutional investors and hedge funds 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.