Raymond James Increases Antero Resources (NYSE:AR) Price Target to $60.00

Antero Resources (NYSE:AR) had its price target upped by stock analysts at Raymond James from $44.00 to $60.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “strong-buy” rating on the oil and natural gas company’s stock. Raymond James’ price objective points to a potential upside of 47.47% from the stock’s current price.

A number of other research analysts have also recently commented on the company. Wells Fargo & Company raised Antero Resources from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $24.00 to $32.00 in a research report on Tuesday, December 17th. Truist Financial lifted their target price on Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a report on Monday, January 13th. Mizuho boosted their price objective on shares of Antero Resources from $35.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Benchmark reiterated a “hold” rating on shares of Antero Resources in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. raised their target price on shares of Antero Resources from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.63.

Antero Resources Stock Down 0.1 %

AR traded down $0.06 during trading on Thursday, hitting $40.69. 1,401,864 shares of the company’s stock were exchanged, compared to its average volume of 5,052,329. 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 business’s 50 day moving average is $34.19 and its two-hundred day moving average is $30.25. The stock has a market cap of $12.66 billion, a P/E ratio of 290.64 and a beta of 3.37. Antero Resources has a fifty-two week low of $20.56 and a fifty-two week high of $41.53.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AR. HITE Hedge Asset Management LLC lifted its stake in shares of Antero Resources by 537.2% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 954,685 shares of the oil and natural gas company’s stock worth $27,352,000 after purchasing an additional 804,851 shares during the period. Wellington Management Group LLP grew its position in shares of Antero Resources by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company’s stock valued at $500,231,000 after acquiring an additional 675,053 shares during the period. Kailix Advisors LLC purchased a new stake in shares of Antero Resources in the 3rd quarter worth $17,327,000. Driehaus Capital Management LLC purchased a new position in Antero Resources during the second quarter valued at $17,307,000. Finally, Assenagon Asset Management S.A. raised its stake in shares of Antero Resources by 36.3% in the third quarter. Assenagon Asset Management S.A. now owns 1,747,304 shares of the oil and natural gas company’s stock worth $50,060,000 after buying an additional 464,970 shares during the period. Institutional investors 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.