Antero Resources (NYSE:AR) Stock Rating Upgraded by Wells Fargo & Company

Antero Resources (NYSE:AR) was upgraded by equities research analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a $39.00 price target on the oil and natural gas company’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 26.07% from the company’s previous close.

AR has been the topic of several other reports. Zacks Research lowered shares of Antero Resources from a “hold” rating to a “strong sell” rating in a report on Monday, October 13th. Scotiabank reissued an “outperform” rating on shares of Antero Resources in a research note on Wednesday, August 13th. UBS Group reduced their price target on Antero Resources from $43.00 to $42.00 and set a “buy” rating on the stock in a research report on Monday, September 15th. Morgan Stanley cut their target price on Antero Resources from $47.00 to $44.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 14th. Finally, Mizuho decreased their target price on Antero Resources from $49.00 to $41.00 and set an “outperform” rating for the company in a research report on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Antero Resources has an average rating of “Moderate Buy” and an average target price of $44.00.

Antero Resources Stock Up 3.0%

NYSE:AR opened at $30.94 on Monday. The company has a market cap of $9.54 billion, a price-to-earnings ratio of 16.45 and a beta of 0.56. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.30 and a current ratio of 0.30. The stock’s fifty day moving average price is $32.47 and its two-hundred day moving average price is $35.14. Antero Resources has a 52-week low of $25.36 and a 52-week high of $44.01.

Institutional Trading of Antero Resources

Hedge funds have recently bought and sold shares of the stock. SVB Wealth LLC bought a new stake in shares of Antero Resources during the first quarter worth $26,000. Huntington National Bank increased its holdings in Antero Resources by 91.3% during the 2nd quarter. Huntington National Bank now owns 656 shares of the oil and natural gas company’s stock worth $26,000 after purchasing an additional 313 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of Antero Resources in the 3rd quarter valued at about $26,000. Newbridge Financial Services Group Inc. lifted its holdings 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 in the last quarter. Finally, FNY Investment Advisers LLC boosted its position in shares of Antero Resources by 9,900.0% during the second quarter. FNY Investment Advisers LLC now owns 1,500 shares of the oil and natural gas company’s stock worth $60,000 after buying an additional 1,485 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

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.