Antero Resources (NYSE:AR) Price Target Raised to $48.00

Antero Resources (NYSE:AR) had its price target boosted by The Goldman Sachs Group from $42.00 to $48.00 in a report released on Wednesday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the oil and natural gas company’s stock.

A number of other research analysts also recently weighed in on AR. Barclays lowered their price objective on shares of Antero Resources from $46.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Monday, August 17th. Texas Capital raised shares of Antero Resources to a “strong-buy” rating in a research report on Thursday, June 25th. Morgan Stanley reiterated an “overweight” rating and set a $49.00 target price on shares of Antero Resources in a research note on Wednesday, August 19th. UBS Group boosted their target price on shares of Antero Resources from $50.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Wells Fargo & Company increased their price target on Antero Resources from $52.00 to $57.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Four analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Antero Resources currently has an average rating of “Moderate Buy” and a consensus price target of $49.12.

Antero Resources Price Performance

Shares of NYSE:AR opened at $39.42 on Wednesday. Antero Resources has a fifty-two week low of $29.10 and a fifty-two week high of $45.75. The business has a 50-day simple moving average of $36.02 and a two-hundred day simple moving average of $37.04. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market cap of $12.12 billion, a price-to-earnings ratio of 11.33 and a beta of 0.35.

Institutional Trading of Antero Resources

Several large investors have recently added to or reduced their stakes in the business. Eastern Bank bought a new position in Antero Resources in the second quarter worth approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Antero Resources during the 2nd quarter valued at $29,000. Sunbelt Securities Inc. purchased a new stake in shares of Antero Resources in the 3rd quarter worth $30,000. Rakuten Securities Inc. purchased a new stake in shares of Antero Resources in the 2nd quarter worth $31,000. Finally, IFP Advisors Inc raised its holdings in Antero Resources by 59.2% in the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock worth $31,000 after purchasing an additional 345 shares during the period. 83.04% of the stock is currently owned by institutional investors.

Antero Resources Company Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.