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

Antero Resources (NYSE:AR) had its price objective 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 presently has a “strong-buy” rating on the oil and natural gas company’s stock. Raymond James’ target price suggests a potential upside of 47.47% from the stock’s previous close.

A number of other research firms also recently issued reports on AR. UBS Group increased their price objective on Antero Resources from $35.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. The Goldman Sachs Group increased their target price on shares of Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday. Wells Fargo & Company upgraded Antero Resources from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $24.00 to $32.00 in a report on Tuesday, December 17th. Citigroup raised their price target on Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Finally, BMO Capital Markets increased their price target on shares of Antero Resources from $33.00 to $34.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. One 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 given a strong buy rating to the company’s stock. According to 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 %

Shares of NYSE:AR traded down $0.06 during midday trading on Thursday, reaching $40.69. 1,401,864 shares of the company were exchanged, compared to its average volume of 5,052,329. The firm has a market cap of $12.66 billion, a PE 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. The stock has a fifty day simple moving average of $34.19 and a two-hundred day simple moving average of $30.25. 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 have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its holdings in shares of Antero Resources by 87.7% in the second quarter. Envestnet Asset Management Inc. now owns 58,017 shares of the oil and natural gas company’s stock worth $1,893,000 after acquiring an additional 27,105 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Antero Resources by 9.7% during the second quarter. Sei Investments Co. now owns 138,816 shares of the oil and natural gas company’s stock worth $4,530,000 after buying an additional 12,332 shares in the last quarter. Ensign Peak Advisors Inc boosted its holdings in shares of Antero Resources by 13.8% during the 2nd quarter. Ensign Peak Advisors Inc now owns 104,371 shares of the oil and natural gas company’s stock valued at $3,406,000 after acquiring an additional 12,620 shares in the last quarter. Bank of Montreal Can grew its position in Antero Resources by 16.6% during the 2nd quarter. Bank of Montreal Can now owns 52,435 shares of the oil and natural gas company’s stock worth $1,759,000 after acquiring an additional 7,455 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Antero Resources by 1,021.1% during the second quarter. AQR Capital Management LLC now owns 483,725 shares of the oil and natural gas company’s stock valued at $15,784,000 after purchasing an additional 440,578 shares in the last quarter. 83.04% of the stock is owned by institutional investors.

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.