Antero Resources (NYSE:AR) Price Target Raised to $44.00

Antero Resources (NYSE:AR) had its price objective lifted by investment analysts at The Goldman Sachs Group from $39.00 to $44.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the oil and natural gas company’s stock. The Goldman Sachs Group’s target price would suggest a potential upside of 7.36% from the company’s current price.

A number of other research firms also recently issued reports on AR. Citigroup increased their price target on Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Benchmark reissued a “hold” rating on shares of Antero Resources in a research note on Friday, January 17th. UBS Group boosted their target price on shares of Antero Resources from $35.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. JPMorgan Chase & Co. increased their target price on shares of Antero Resources from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Tuesday, January 14th. Finally, StockNews.com raised shares of Antero Resources to a “sell” rating in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $37.63.

Antero Resources Trading Up 0.6 %

NYSE AR traded up $0.24 during trading hours on Thursday, hitting $40.98. 837,374 shares of the company were exchanged, compared to its average volume of 5,007,993. The stock has a market cap of $12.75 billion, a PE ratio of 292.67 and a beta of 3.37. The stock has a 50-day moving average price of $34.19 and a 200 day moving average price of $30.25. Antero Resources has a 52 week low of $20.56 and a 52 week high of $41.53. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC boosted its holdings in 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 in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Antero Resources by 4.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company’s stock valued at $76,342,000 after buying an additional 122,815 shares in the last quarter. Capital CS Group LLC acquired a new stake in shares of Antero Resources during the 4th quarter valued at approximately $615,000. Franklin Resources Inc. boosted its stake in shares of Antero Resources by 40.6% during the 3rd quarter. Franklin Resources Inc. now owns 756,128 shares of the oil and natural gas company’s stock worth $21,209,000 after acquiring an additional 218,517 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Antero Resources by 85.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 167,882 shares of the oil and natural gas company’s stock valued at $4,810,000 after purchasing an additional 77,193 shares in the last quarter. 83.04% of the stock is currently owned by hedge funds and other 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.