Antero Resources (NYSE:AR) Given New $38.00 Price Target at Truist Financial

Antero Resources (NYSE:AR) had its target price boosted by research analysts at Truist Financial from $28.00 to $38.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “hold” rating on the oil and natural gas company’s stock. Truist Financial’s target price suggests a potential downside of 0.89% from the company’s previous close.

Several other equities analysts have also recently commented on AR. Citigroup raised their price target on shares of Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Barclays decreased their price target on shares of Antero Resources from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Raymond James lifted their price objective 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. Mizuho lifted their price objective on shares of Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Finally, StockNews.com raised shares of Antero Resources to a “sell” rating in a research report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.88.

Antero Resources Stock Performance

Shares of AR stock opened at $38.34 on Monday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. Antero Resources has a 52 week low of $20.56 and a 52 week high of $39.43. The stock has a market capitalization of $11.93 billion, a PE ratio of 273.86 and a beta of 3.37. The firm has a 50 day moving average of $32.49 and a two-hundred day moving average of $29.83.

Institutional Trading of Antero Resources

A number of institutional investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. lifted its stake in shares of Antero Resources by 357.3% during the third quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock valued at $25,000 after buying an additional 686 shares during the period. True Wealth Design LLC purchased a new position in shares of Antero Resources during the third quarter valued at approximately $30,000. Capital Performance Advisors LLP purchased a new position in shares of Antero Resources during the third quarter valued at approximately $45,000. Mattson Financial Services LLC purchased a new position in shares of Antero Resources during the second quarter valued at approximately $64,000. Finally, GAMMA Investing LLC increased its position in Antero Resources by 15.8% during the fourth quarter. GAMMA Investing LLC now owns 3,064 shares of the oil and natural gas company’s stock worth $107,000 after purchasing an additional 418 shares during the last quarter. 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.