Antero Resources (NYSE:AR) Upgraded by StockNews.com to Sell Rating

StockNews.com upgraded shares of Antero Resources (NYSE:AR) to a sell rating in a report issued on Friday.

AR has been the subject of several other research reports. Wells Fargo & Company upgraded shares of Antero Resources from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $24.00 to $32.00 in a report on Tuesday, December 17th. Truist Financial dropped their target price on Antero Resources from $29.00 to $28.00 and set a “hold” rating on the stock in a report on Monday, September 30th. Bank of America started coverage on Antero Resources in a report on Monday, October 28th. They set a “buy” rating and a $36.00 price target for the company. Raymond James upped their price objective on Antero Resources from $34.00 to $44.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 21st. Finally, Citigroup raised their target price on Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Antero Resources has a consensus rating of “Moderate Buy” and an average price target of $34.78.

Antero Resources Stock Performance

Shares of Antero Resources stock opened at $34.94 on Friday. The business has a 50-day simple moving average of $31.45 and a 200-day simple moving average of $29.68. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28. Antero Resources has a one year low of $20.56 and a one year high of $36.28. The company has a market cap of $10.87 billion, a PE ratio of 249.57 and a beta of 3.37.

Institutional Investors Weigh In On Antero Resources

A number of institutional investors and hedge funds have recently made changes to their positions in AR. GAMMA Investing LLC grew its stake in shares of Antero Resources by 15.8% in the 4th quarter. GAMMA Investing LLC now owns 3,064 shares of the oil and natural gas company’s stock valued at $107,000 after purchasing an additional 418 shares during the last quarter. Icon Wealth Advisors LLC increased its stake in Antero Resources by 5.8% in the 3rd quarter. Icon Wealth Advisors LLC now owns 8,459 shares of the oil and natural gas company’s stock valued at $242,000 after buying an additional 460 shares during the period. Chickasaw Capital Management LLC raised its position in Antero Resources by 5.5% during the 3rd quarter. Chickasaw Capital Management LLC now owns 9,540 shares of the oil and natural gas company’s stock worth $273,000 after buying an additional 500 shares during the last quarter. Wedmont Private Capital raised its position in Antero Resources by 4.2% during the 3rd quarter. Wedmont Private Capital now owns 16,906 shares of the oil and natural gas company’s stock worth $505,000 after buying an additional 681 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Antero Resources by 357.3% in the 3rd quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock worth $25,000 after acquiring an additional 686 shares during the period. 83.04% of the stock is 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.