Barclays Raises Antero Resources (NYSE:AR) Price Target to $36.00

Antero Resources (NYSE:AR) had its price target lifted by equities research analysts at Barclays from $30.00 to $36.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the oil and natural gas company’s stock. Barclays‘s target price points to a potential downside of 3.64% from the stock’s current price.

A number of other equities analysts also recently commented on AR. Raymond James lifted their price objective on Antero Resources from $44.00 to $60.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. BMO Capital Markets boosted 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 report on Friday, October 4th. Citigroup lifted their target price on shares of Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Bank of America started coverage on shares of Antero Resources in a research note on Monday, October 28th. They issued a “buy” rating and a $36.00 price target for the company. Finally, Wells Fargo & Company upgraded Antero Resources from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $24.00 to $32.00 in a report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.00.

Antero Resources Stock Up 0.4 %

AR stock opened at $37.36 on Thursday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average of $34.87 and a two-hundred day moving average of $30.45. Antero Resources has a 12 month low of $20.56 and a 12 month high of $41.53. The company has a market cap of $11.62 billion, a price-to-earnings ratio of 266.84 and a beta of 3.37.

Institutional Investors Weigh In On Antero Resources

Hedge funds have recently added to or reduced their stakes in the business. Pinnacle Bancorp Inc. purchased a new position in Antero Resources in the fourth quarter worth approximately $28,000. UMB Bank n.a. raised its holdings 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 valued at $25,000 after purchasing an additional 686 shares in the last quarter. Spire Wealth Management purchased a new stake in shares of Antero Resources during the 4th quarter worth $31,000. True Wealth Design LLC acquired a new position in shares of Antero Resources during the third quarter worth $30,000. Finally, Wilmington Savings Fund Society FSB increased its holdings in Antero Resources by 205.2% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company’s stock valued at $48,000 after buying an additional 913 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

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.