Antero Resources Corporation (AR) – What Are Analysts Thinking About This Stock?

Antero Resources Corporation (NYSE:AR) has earned an average recommendation of “Moderate Buy” from the twenty-three analysts that are covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and five have issued a strong buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $48.11.

AR has been the subject of a number of research reports. Benchmark boosted their target price on shares of Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Weiss Ratings downgraded shares of Antero Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, October 12th. JPMorgan Chase & Co. decreased their price target on shares of Antero Resources from $49.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 8th. Morgan Stanley lifted their price objective on Antero Resources from $49.00 to $51.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Barclays lowered their price objective on Antero Resources from $46.00 to $45.00 and set an “equal weight” rating on the stock in a report on Monday, August 17th.

Institutional Trading of Antero Resources

Several large investors have recently made changes to their positions in the company. Counterpoint Mutual Funds LLC raised its position in Antero Resources by 3,281.2% in the 3rd quarter. Counterpoint Mutual Funds LLC now owns 273,369 shares of the oil and natural gas company’s stock valued at $9,128,000 after purchasing an additional 265,284 shares in the last quarter. Aspiriant LLC purchased a new position in shares of Antero Resources in the 3rd quarter valued at about $235,000. Assenagon Asset Management S.A. boosted its stake in shares of Antero Resources by 20.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,558,278 shares of the oil and natural gas company’s stock valued at $52,031,000 after buying an additional 262,693 shares during the period. State of Alaska Department of Revenue grew its position in shares of Antero Resources by 1.0% during the third quarter. State of Alaska Department of Revenue now owns 29,126 shares of the oil and natural gas company’s stock worth $972,000 after buying an additional 285 shares in the last quarter. Finally, Curated Wealth Partners LLC grew its position in shares of Antero Resources by 615.7% during the third quarter. Curated Wealth Partners LLC now owns 20,033 shares of the oil and natural gas company’s stock worth $669,000 after buying an additional 17,234 shares in the last quarter. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Antero Resources Price Performance

Shares of NYSE AR opened at $38.55 on Wednesday. The firm has a market cap of $11.85 billion, a PE ratio of 11.08 and a beta of 0.54. The firm has a fifty day moving average of $36.96 and a 200 day moving average of $36.44. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.40 and a current ratio of 0.40. Antero Resources has a one year low of $29.10 and a one year high of $45.75.

About Antero Resources

Antero Resources Corporation (NYSE: AR) is an independent oil and natural gas company engaged in the acquisition, development and production of unconventional resources. The company’s operations are focused primarily on the Appalachian Basin, where it produces natural gas, natural gas liquids (NGLs) and crude oil.

Antero’s asset base is concentrated in the Marcellus and Utica shale formations in West Virginia and Ohio. Its products include pipeline-quality natural gas as well as NGLs such as ethane, propane, butane and natural gasoline.