Antero Resources (NYSE:AR) Given New $38.00 Price Target at JPMorgan Chase & Co.

Antero Resources (NYSE:AR) had its price target upped by JPMorgan Chase & Co. from $36.00 to $38.00 in a research note released on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the oil and natural gas company’s stock.

AR has been the subject of a number of other research reports. Morgan Stanley decreased their price target on shares of Antero Resources from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Citigroup raised their target price on Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. StockNews.com upgraded Antero Resources to a “sell” rating in a research note on Friday, January 3rd. Raymond James raised their price objective on Antero Resources from $34.00 to $44.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 21st. Finally, BMO Capital Markets upped their target price on Antero Resources from $33.00 to $34.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Antero Resources presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.35.

Antero Resources Stock Performance

AR opened at $38.51 on Tuesday. The company has a market cap of $11.98 billion, a P/E ratio of 275.07 and a beta of 3.37. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. The firm’s 50-day moving average price is $32.72 and its 200-day moving average price is $29.87. Antero Resources has a 52-week low of $20.56 and a 52-week high of $39.43.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AR. Pinnacle Bancorp Inc. acquired a new stake in shares of Antero Resources during the 4th quarter valued at about $28,000. Capital CS Group LLC acquired a new position in Antero Resources in the 4th quarter worth about $615,000. Wedmont Private Capital boosted its position in Antero Resources by 28.5% during the fourth quarter. Wedmont Private Capital now owns 21,716 shares of the oil and natural gas company’s stock worth $832,000 after purchasing an additional 4,810 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in Antero Resources in the fourth quarter valued at approximately $365,000. Finally, GAMMA Investing LLC increased its position in shares of Antero Resources by 15.8% in the fourth quarter. GAMMA Investing LLC now owns 3,064 shares of the oil and natural gas company’s stock valued at $107,000 after buying an additional 418 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

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.