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

Antero Resources (NYSE:AR) was upgraded by analysts at Wells Fargo & Company from an “underweight” rating to an “equal weight” rating in a note issued to investors on Tuesday, Marketbeat Ratings reports. The firm presently has a $32.00 price target on the oil and natural gas company’s stock, up from their prior price target of $24.00. Wells Fargo & Company‘s price target points to a potential upside of 4.75% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. lowered their price target on Antero Resources from $37.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, September 12th. Scotiabank raised shares of Antero Resources from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $40.00 to $44.00 in a report on Tuesday, August 20th. Roth Mkm assumed coverage on shares of Antero Resources in a report on Tuesday, August 27th. They set a “buy” rating and a $32.00 target price on the stock. Raymond James lifted their price target on shares of Antero Resources from $34.00 to $44.00 and gave the company a “strong-buy” rating in a report on Thursday, November 21st. Finally, StockNews.com raised shares of Antero Resources to a “sell” rating in a research report on Friday, November 1st. One equities research 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 MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $34.78.

Antero Resources Stock Down 3.3 %

NYSE:AR opened at $30.55 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. The company has a market capitalization of $9.51 billion, a price-to-earnings ratio of 218.21 and a beta of 3.42. Antero Resources has a one year low of $20.56 and a one year high of $36.28. The stock has a 50-day simple moving average of $30.00 and a 200 day simple moving average of $29.74.

Hedge Funds Weigh In On Antero Resources

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Antero Resources by 21.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 12,254 shares of the oil and natural gas company’s stock valued at $400,000 after buying an additional 2,133 shares during the period. Pallas Capital Advisors LLC acquired a new stake in Antero Resources in the 2nd quarter valued at about $300,000. Fifth Third Wealth Advisors LLC acquired a new position in shares of Antero Resources in the 2nd quarter worth approximately $291,000. Louisiana State Employees Retirement System raised its holdings in shares of Antero Resources by 1.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 82,600 shares of the oil and natural gas company’s stock worth $2,695,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its stake in Antero Resources by 1.6% during the second quarter. Retirement Systems of Alabama now owns 360,594 shares of the oil and natural gas company’s stock valued at $11,766,000 after purchasing an additional 5,831 shares during the last quarter. Institutional investors 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.