Antero Resources Corporation (NYSE:AR) Stock Has Average Price Target of $48.74 According to Brokerages

Antero Resources Corporation (NYSE:AR) has been given a consensus recommendation of “Moderate Buy” by the twenty-three research firms that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and five have given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $48.74.

AR has been the subject of a number of analyst reports. Mizuho decreased their target price on shares of Antero Resources from $57.00 to $51.00 and set an “outperform” rating for the company in a research note on Thursday, October 8th. Scotiabank started coverage on Antero Resources in a research report on Wednesday, October 14th. They issued a “sector outperform” rating and a $46.00 price target on the stock. Jefferies Financial Group cut their price target on Antero Resources from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Friday, October 2nd. Citigroup raised their price objective on Antero Resources from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, October 30th. Finally, Stifel Nicolaus initiated coverage on Antero Resources in a research note on Thursday, September 10th. They set a “hold” rating and a $42.00 price objective for the company.

Antero Resources Stock Performance

Antero Resources stock opened at $38.73 on Friday. Antero Resources has a fifty-two week low of $31.15 and a fifty-two week high of $45.75. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.39 and a current ratio of 0.39. The stock has a market cap of $11.90 billion, a P/E ratio of 8.74 and a beta of 0.50. The firm’s fifty day moving average price is $37.44 and its 200-day moving average price is $36.96.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. First Trust Advisors LP boosted its position in shares of Antero Resources by 21.1% during the third quarter. First Trust Advisors LP now owns 1,579,072 shares of the oil and natural gas company’s stock worth $52,725,000 after buying an additional 275,271 shares during the period. Jackson Thornton Wealth Management LLC grew its holdings in shares of Antero Resources by 16.8% during the third quarter. Jackson Thornton Wealth Management LLC now owns 10,876 shares of the oil and natural gas company’s stock worth $363,000 after buying an additional 1,566 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in Antero Resources in the 3rd quarter valued at approximately $544,000. Fort Sheridan Advisors LLC raised its position in Antero Resources by 3.1% in the 3rd quarter. Fort Sheridan Advisors LLC now owns 29,389 shares of the oil and natural gas company’s stock valued at $981,000 after buying an additional 878 shares during the last quarter. Finally, GW&K Investment Management LLC lifted its stake in Antero Resources by 1.5% in the 3rd quarter. GW&K Investment Management LLC now owns 962,875 shares of the oil and natural gas company’s stock valued at $32,150,000 after acquiring an additional 13,947 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

About Antero Resources

Antero Resources Corporation is an independent energy company focused on acquiring, developing and producing natural gas, natural gas liquids and oil from unconventional reserves in the Appalachian Basin. Its operations are concentrated in the Marcellus Shale in West Virginia and the Utica Shale in Ohio. The company’s products include natural gas and natural gas liquids such as ethane, propane, butane and natural gasoline. Antero also markets and transports its production to customers, including users in domestic and international energy markets.