Antero Resources Corporation (NYSE:AR) Receives $48.31 Consensus Price Target from Brokerages

Shares of Antero Resources Corporation (NYSE:AR) have received an average rating of “Moderate Buy” from the twenty research firms that are presently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $48.3125.

Several equities analysts have recently issued reports on AR shares. Texas Capital raised shares of Antero Resources to a “strong-buy” rating in a report on Thursday, June 25th. Citigroup lowered their price target on shares of Antero Resources from $53.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. The Goldman Sachs Group dropped their price objective on shares of Antero Resources from $46.00 to $41.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Barclays cut 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. Finally, Roth Capital reissued a “neutral” rating and set a $38.00 target price on shares of Antero Resources in a research note on Thursday, April 30th.

Antero Resources Price Performance

Shares of AR opened at $38.55 on Tuesday. The company has a market cap of $11.85 billion, a P/E ratio of 11.08 and a beta of 0.34. The stock has a fifty day moving average price of $35.43 and a 200 day moving average price of $36.85. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.40 and a quick ratio of 0.40. Antero Resources has a 12 month low of $29.10 and a 12 month high of $45.75.

Institutional Trading of Antero Resources

Hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC grew its stake in shares of Antero Resources by 16,498.3% in the first quarter. NewEdge Advisors LLC now owns 9,627 shares of the oil and natural gas company’s stock worth $389,000 after purchasing an additional 9,569 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Antero Resources by 7.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 590,555 shares of the oil and natural gas company’s stock worth $23,882,000 after purchasing an additional 43,312 shares during the period. Focus Partners Wealth lifted its holdings in Antero Resources by 18.9% in the first quarter. Focus Partners Wealth now owns 19,921 shares of the oil and natural gas company’s stock worth $806,000 after purchasing an additional 3,169 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Antero Resources by 701.3% in the second quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company’s stock worth $120,000 after purchasing an additional 2,616 shares during the period. Finally, Daiwa Securities Group Inc. grew its position in Antero Resources by 22.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 36,500 shares of the oil and natural gas company’s stock valued at $1,470,000 after buying an additional 6,700 shares in the last quarter. Institutional investors own 83.04% of the company’s stock.

About Antero Resources

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.