Antero Resources (NYSE:AR) Given New $36.00 Price Target at Barclays

Antero Resources (NYSE:AR) had its price target increased by Barclays from $30.00 to $36.00 in a report released on Thursday,Benzinga reports. They currently have an equal weight rating on the oil and natural gas company’s stock.

Other research analysts have also recently issued research reports about the company. Citigroup increased their price objective on Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Raymond James raised their price target on Antero Resources from $44.00 to $60.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. BMO Capital Markets upped their price objective on shares of Antero Resources from $33.00 to $34.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. Wells Fargo & Company raised shares of Antero Resources from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $24.00 to $32.00 in a research report on Tuesday, December 17th. Finally, UBS Group upped their price target on shares of Antero Resources from $35.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Antero Resources has an average rating of “Moderate Buy” and an average price target of $39.00.

Antero Resources Stock Up 1.2 %

Shares of AR opened at $37.82 on Thursday. 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 $20.56 and a 52-week high of $41.53. The company has a market cap of $11.77 billion, a PE ratio of 270.11 and a beta of 3.37. The business has a fifty day moving average of $34.96 and a 200 day moving average of $30.50.

Institutional Investors Weigh In On Antero Resources

A number of institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its position in Antero Resources by 87.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 58,017 shares of the oil and natural gas company’s stock valued at $1,893,000 after buying an additional 27,105 shares during the period. Bank of Montreal Can grew its stake in Antero Resources by 16.6% during the 2nd quarter. Bank of Montreal Can now owns 52,435 shares of the oil and natural gas company’s stock worth $1,759,000 after purchasing an additional 7,455 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Antero Resources by 0.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 300,292 shares of the oil and natural gas company’s stock worth $9,799,000 after purchasing an additional 2,695 shares during the period. Creative Planning raised its position in Antero Resources by 6.8% in the 2nd quarter. Creative Planning now owns 21,056 shares of the oil and natural gas company’s stock valued at $687,000 after purchasing an additional 1,340 shares in the last quarter. Finally, Mattson Financial Services LLC purchased a new position in shares of Antero Resources in the 2nd quarter valued at about $64,000. 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.