Antero Resources (NYSE:AR) Stock Price Expected to Rise, Raymond James Analyst Says

Antero Resources (NYSE:AR) had its price objective raised by Raymond James from $34.00 to $44.00 in a note issued to 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 target would indicate a potential upside of 29.83% from the company’s current price.

AR has been the topic of a number of other reports. Roth Capital upgraded shares of Antero Resources to a “strong-buy” rating in a report on Tuesday, August 27th. Morgan Stanley lowered their price objective on shares of Antero Resources from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. BMO Capital Markets upped their price target on Antero Resources from $33.00 to $34.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. JPMorgan Chase & Co. cut their price target on shares of Antero Resources from $37.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday, September 12th. Finally, Citigroup assumed coverage on shares of Antero Resources in a report on Tuesday, September 17th. They issued a “neutral” rating and a $29.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $33.50.

Antero Resources Trading Up 2.1 %

NYSE:AR traded up $0.71 on Thursday, hitting $33.89. The stock had a trading volume of 2,712,992 shares, compared to its average volume of 4,079,315. 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 stock has a market cap of $10.55 billion, a price-to-earnings ratio of 241.64 and a beta of 3.36. The company has a fifty day moving average price of $28.41 and a two-hundred day moving average price of $30.04. Antero Resources has a 1-year low of $20.10 and a 1-year high of $36.28.

Institutional Trading of Antero Resources

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AR. Diversified Trust Co bought a new position in Antero Resources during the 2nd quarter valued at $1,154,000. Hood River Capital Management LLC lifted its stake in Antero Resources by 81.5% during the first quarter. Hood River Capital Management LLC now owns 117,658 shares of the oil and natural gas company’s stock worth $3,412,000 after purchasing an additional 52,843 shares during the period. Vanguard Group Inc. raised its holdings in Antero Resources by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 28,066,610 shares of the oil and natural gas company’s stock worth $813,932,000 after purchasing an additional 372,450 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in shares of Antero Resources by 269.4% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 3,967,300 shares of the oil and natural gas company’s stock valued at $129,453,000 after purchasing an additional 2,893,395 shares during the period. Finally, Driehaus Capital Management LLC acquired a new position in shares of Antero Resources during the 2nd quarter worth approximately $17,307,000. Hedge funds and other 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.