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

Antero Resources (NYSE:AR) had its price objective hoisted by Barclays from $30.00 to $36.00 in a research report released on Thursday morning,Benzinga reports. The firm currently has an equal weight rating on the oil and natural gas company’s stock.

A number of other research firms also recently commented on AR. Citigroup increased their target price 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. Mizuho raised their price objective on Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. UBS Group upped their target price on Antero Resources from $35.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. StockNews.com raised Antero Resources to a “sell” rating in a research report on Thursday, January 16th. Finally, Bank of America initiated coverage on Antero Resources in a report on Monday, October 28th. They issued a “buy” rating and a $36.00 price objective for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.00.

Antero Resources Price Performance

AR stock opened at $37.82 on Thursday. The stock has a market cap of $11.77 billion, a price-to-earnings ratio of 270.11 and a beta of 3.37. Antero Resources has a fifty-two week low of $20.56 and a fifty-two week high of $41.53. 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 business has a 50 day moving average price of $34.96 and a 200 day moving average price of $30.50.

Institutional Investors Weigh In On Antero Resources

Several institutional investors have recently made changes to their positions in AR. Rhumbline Advisers boosted its stake in shares of Antero Resources by 0.7% during the 4th quarter. Rhumbline Advisers now owns 792,836 shares of the oil and natural gas company’s stock worth $27,789,000 after acquiring an additional 5,319 shares in the last quarter. Vontobel Holding Ltd. boosted its position in Antero Resources by 11.4% during the fourth quarter. Vontobel Holding Ltd. now owns 24,737 shares of the oil and natural gas company’s stock worth $867,000 after purchasing an additional 2,522 shares in the last quarter. Van ECK Associates Corp grew its holdings in Antero Resources by 43.1% in the fourth quarter. Van ECK Associates Corp now owns 745,770 shares of the oil and natural gas company’s stock valued at $26,139,000 after purchasing an additional 224,700 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Antero Resources by 1,423.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,544 shares of the oil and natural gas company’s stock valued at $304,000 after buying an additional 7,983 shares in the last quarter. Finally, Savant Capital LLC raised its stake in shares of Antero Resources by 19.2% during the 4th quarter. Savant Capital LLC now owns 9,621 shares of the oil and natural gas company’s stock worth $337,000 after buying an additional 1,549 shares during the last quarter. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

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.