Antero Resources (NYSE:AR) Price Target Raised to $44.00

Antero Resources (NYSE:AR) had its target price lifted by The Goldman Sachs Group from $39.00 to $44.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the oil and natural gas company’s stock. The Goldman Sachs Group’s target price suggests a potential upside of 7.36% from the stock’s current price.

AR has been the subject of several other research reports. Benchmark reaffirmed a “hold” rating on shares of Antero Resources in a research report on Friday, January 17th. StockNews.com raised shares of Antero Resources to a “sell” rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. upped their price objective on shares of Antero Resources from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Tuesday, January 14th. Barclays cut their target price on Antero Resources from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd. Finally, UBS Group lifted their price target on Antero Resources from $35.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.63.

Antero Resources Trading Up 0.6 %

Antero Resources stock traded up $0.24 during trading on Thursday, reaching $40.98. The company had a trading volume of 837,374 shares, compared to its average volume of 5,007,993. The firm has a market capitalization of $12.75 billion, a price-to-earnings ratio of 292.67 and a beta of 3.37. Antero Resources has a 12-month low of $20.56 and a 12-month high of $41.53. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28. The stock’s 50 day moving average price is $34.19 and its two-hundred day moving average price is $30.25.

Institutional Trading of Antero Resources

Several institutional investors have recently made changes to their positions in AR. UMB Bank n.a. boosted its position in Antero Resources by 357.3% in the third quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock valued at $25,000 after buying an additional 686 shares in the last quarter. Pinnacle Bancorp Inc. acquired a new stake in Antero Resources during the 4th quarter valued at $28,000. True Wealth Design LLC acquired a new stake in shares of Antero Resources in the third quarter valued at $30,000. Capital Performance Advisors LLP acquired a new stake in Antero Resources in the 3rd quarter valued at about $45,000. Finally, Mattson Financial Services LLC bought a new stake in shares of Antero Resources during the second quarter valued at approximately $64,000. 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.