Antero Resources (NYSE:AR) Stock Price Expected to Rise, Barclays Analyst Says

Antero Resources (NYSE:AR) had its target price upped by investment analysts at Barclays from $30.00 to $36.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the oil and natural gas company’s stock. Barclays‘s target price indicates a potential downside of 3.26% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Bank of America began coverage on Antero Resources in a report on Monday, October 28th. They issued a “buy” rating and a $36.00 price objective for the company. StockNews.com raised shares of Antero Resources to a “sell” rating in a report on Thursday, January 16th. The Goldman Sachs Group raised their target price on shares of Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Raymond James boosted their target price on shares of Antero Resources from $44.00 to $60.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Benchmark restated a “hold” rating on shares of Antero Resources in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $39.00.

Antero Resources Price Performance

Shares of NYSE:AR opened at $37.21 on Thursday. The business has a fifty day moving average price of $35.04 and a 200-day moving average price of $30.54. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. The company has a market capitalization of $11.58 billion, a PE ratio of 265.80 and a beta of 3.37. Antero Resources has a 1-year low of $20.56 and a 1-year high of $41.53.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AR. Envestnet Asset Management Inc. lifted its holdings in shares of 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 acquiring an additional 27,105 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Antero Resources by 16.6% in 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 during the period. The Manufacturers Life Insurance Company raised 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 valued at $9,799,000 after buying an additional 2,695 shares during the period. Creative Planning lifted its position in Antero Resources by 6.8% in the second quarter. Creative Planning now owns 21,056 shares of the oil and natural gas company’s stock worth $687,000 after buying an additional 1,340 shares during the last quarter. Finally, Mattson Financial Services LLC bought a new stake in Antero Resources in the second quarter worth $64,000. 83.04% of the stock is currently owned by institutional investors.

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.