Antero Resources Corporation (NYSE:AR) Receives $49.06 Average Price Target from Analysts

Shares of Antero Resources Corporation (NYSE:AR) have earned an average recommendation of “Moderate Buy” from the twenty-two analysts that are covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold rating, twelve have issued a buy rating and four have issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $49.0556.

A number of research analysts recently commented on AR shares. Stifel Nicolaus assumed coverage on shares of Antero Resources in a research note on Thursday, September 10th. They issued a “hold” rating and a $42.00 price target on the stock. Morgan Stanley restated an “overweight” rating and set a $49.00 price objective on shares of Antero Resources in a report on Wednesday, August 19th. Benchmark upped their target price on Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Wolfe Research reiterated an “outperform” rating and set a $48.00 target price on shares of Antero Resources in a research note on Thursday, July 30th. Finally, Raymond James Financial lifted their price target on Antero Resources from $50.00 to $55.00 and gave the stock a “strong-buy” rating in a report on Tuesday, September 1st.

Institutional Investors Weigh In On Antero Resources

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Brandywine Global Investment Management LLC boosted its holdings in shares of Antero Resources by 77.8% in the 4th quarter. Brandywine Global Investment Management LLC now owns 215,470 shares of the oil and natural gas company’s stock valued at $7,425,000 after purchasing an additional 94,260 shares in the last quarter. BIP Wealth LLC acquired a new position in shares of Antero Resources during the 2nd quarter worth $1,633,000. Bank of America Corp DE bought a new stake in shares of Antero Resources during the 2nd quarter worth $40,916,000. Diamond Hill Capital Management Inc. lifted its position in shares of Antero Resources by 10.8% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 659,986 shares of the oil and natural gas company’s stock worth $22,743,000 after buying an additional 64,378 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Antero Resources by 22.5% in the fourth quarter. Bank of New York Mellon Corp now owns 3,101,208 shares of the oil and natural gas company’s stock valued at $106,868,000 after buying an additional 569,817 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Stock Up 3.5%

AR stock opened at $35.63 on Friday. Antero Resources has a 1-year low of $29.10 and a 1-year high of $45.75. The business’s 50 day simple moving average is $36.68 and its 200 day simple moving average is $37.19. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $10.95 billion, a PE ratio of 10.24 and a beta of 0.35.

About Antero Resources

Antero Resources Corporation (NYSE: AR) is an independent oil and natural gas exploration and production company. Its operations are focused primarily on developing unconventional reserves in the Appalachian Basin, where it produces natural gas, natural gas liquids (NGLs) and oil.

The company’s core properties are located in the Marcellus and Utica shale plays of West Virginia and Ohio. Its products include natural gas and NGLs such as ethane, propane, butane and natural gasoline, which are marketed to customers in domestic and international energy markets.

Founded in 2002 and headquartered in Denver, Colorado, Antero Resources became a publicly traded company in 2013.