Brokerages Set Antero Resources Co. (NYSE:AR) PT at $32.83

Shares of Antero Resources Co. (NYSE:AR) have been assigned an average rating of “Moderate Buy” from the nineteen ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, nine have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $32.83.

A number of equities research analysts have commented on AR shares. StockNews.com upgraded Antero Resources to a “sell” rating in a research report on Friday, November 1st. Citigroup began coverage on shares of Antero Resources in a research note on Tuesday, September 17th. They set a “neutral” rating and a $29.00 target price for the company. Barclays cut their price objective on Antero Resources from $32.00 to $30.00 and set an “equal weight” rating for the company in a report on Thursday, October 3rd. The Goldman Sachs Group lowered their target price on Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. Finally, Mizuho reduced their price target on Antero Resources from $37.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, September 16th.

Antero Resources Trading Up 0.3 %

NYSE:AR opened at $30.49 on Wednesday. Antero Resources has a 1-year low of $20.10 and a 1-year high of $36.28. The stock has a fifty day simple moving average of $28.01 and a 200 day simple moving average of $30.03. 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 has a market capitalization of $9.49 billion, a price-to-earnings ratio of 217.79 and a beta of 3.36.

Institutional Trading of Antero Resources

A number of institutional investors have recently bought and sold shares of AR. Vanguard Group Inc. boosted its position in shares of Antero Resources by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 28,066,610 shares of the oil and natural gas company’s stock worth $813,932,000 after purchasing an additional 372,450 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Antero Resources by 4.0% during the third quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company’s stock worth $500,231,000 after purchasing an additional 675,053 shares during the period. Geode Capital Management LLC grew its position in shares of Antero Resources by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company’s stock valued at $139,054,000 after purchasing an additional 61,490 shares during the period. Vaughan Nelson Investment Management L.P. raised its holdings in Antero Resources by 10.4% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 4,378,849 shares of the oil and natural gas company’s stock worth $125,452,000 after buying an additional 411,549 shares during the period. Finally, Merewether Investment Management LP lifted its stake in Antero Resources by 4.6% in the second quarter. Merewether Investment Management LP now owns 2,943,948 shares of the oil and natural gas company’s stock valued at $96,061,000 after buying an additional 128,200 shares in the last quarter. Institutional investors and hedge funds 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.