JPMorgan Chase & Co. Boosts Antero Resources (NYSE:AR) Price Target to $38.00

Antero Resources (NYSE:AR) had its target price lifted by stock analysts at JPMorgan Chase & Co. from $36.00 to $38.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the oil and natural gas company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 5.59% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. StockNews.com upgraded shares of Antero Resources to a “sell” rating in a research note on Friday, January 3rd. Wells Fargo & Company upgraded shares of Antero Resources from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $24.00 to $32.00 in a research report on Tuesday, December 17th. Raymond James lifted their target price on shares of Antero Resources from $34.00 to $44.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 21st. Barclays lowered their price target on Antero Resources from $32.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. Finally, Bank of America started coverage on Antero Resources in a research report on Monday, October 28th. They set a “buy” rating and a $36.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Antero Resources currently has an average rating of “Moderate Buy” and an average price target of $36.35.

Antero Resources Trading Up 4.3 %

Shares of NYSE:AR opened at $40.25 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. Antero Resources has a 1 year low of $20.56 and a 1 year high of $40.53. The company has a market cap of $12.52 billion, a P/E ratio of 287.50 and a beta of 3.37. The stock’s fifty day moving average price is $32.96 and its 200-day moving average price is $29.91.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AR. Pinnacle Bancorp Inc. purchased a new position in shares of Antero Resources in the fourth quarter valued at about $28,000. UMB Bank n.a. raised its stake in Antero Resources by 357.3% during the 3rd quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock valued at $25,000 after purchasing an additional 686 shares during the period. True Wealth Design LLC purchased a new position in Antero Resources in the 3rd quarter worth approximately $30,000. Capital Performance Advisors LLP bought a new position in Antero Resources in the 3rd quarter worth approximately $45,000. Finally, Mattson Financial Services LLC purchased a new stake in Antero Resources during the 2nd quarter valued at approximately $64,000. Institutional investors own 83.04% of the company’s stock.

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.