Antero Resources (NYSE:AR) Upgraded at Wells Fargo & Company

Antero Resources (NYSE:AR) was upgraded by analysts at Wells Fargo & Company from an “underweight” rating to an “equal weight” rating in a note issued to investors on Tuesday, MarketBeat reports. The firm currently has a $32.00 price target on the oil and natural gas company’s stock, up from their prior price target of $24.00. Wells Fargo & Company‘s target price suggests a potential upside of 4.75% from the stock’s current price.

Several other equities research analysts have also recently commented on AR. Roth Capital raised Antero Resources to a “strong-buy” rating in a research note on Tuesday, August 27th. Truist Financial dropped their target price on shares of Antero Resources from $29.00 to $28.00 and set a “hold” rating on the stock in a report on Monday, September 30th. StockNews.com upgraded shares of Antero Resources to a “sell” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. lowered their price target on Antero Resources from $37.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday, September 12th. Finally, Mizuho upped their price objective on Antero Resources from $35.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday. 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 issued a strong buy rating to the company’s stock. According to MarketBeat, Antero Resources has an average rating of “Moderate Buy” and an average price target of $34.78.

Antero Resources Stock Performance

NYSE:AR opened at $30.55 on Tuesday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average price of $30.00 and a 200 day moving average price of $29.74. Antero Resources has a 12-month low of $20.56 and a 12-month high of $36.28. The firm has a market capitalization of $9.51 billion, a PE ratio of 218.21 and a beta of 3.42.

Institutional Investors Weigh In On Antero Resources

Several hedge funds and other institutional investors have recently modified their holdings of the company. UMB Bank n.a. boosted its stake in Antero Resources by 357.3% during 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 during the last quarter. 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 bought a new stake in Antero Resources during the third quarter worth $45,000. Mattson Financial Services LLC purchased a new stake in Antero Resources in the 2nd quarter valued at $64,000. Finally, Signaturefd LLC lifted its stake in Antero Resources by 19.9% during the 3rd quarter. Signaturefd LLC now owns 4,222 shares of the oil and natural gas company’s stock valued at $121,000 after acquiring an additional 702 shares in the last quarter. Institutional investors own 83.04% of the company’s stock.

Antero Resources Company Profile

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.