Antero Resources' (AR) "Hold" Rating Reiterated at Benchmark

Antero Resources (NYSE:AR - Get Free Report)'s stock had its "hold" rating reaffirmed by research analysts at Benchmark in a note issued to investors on Friday,Benzinga reports.

AR has been the subject of several other research reports. StockNews.com raised Antero Resources to a "sell" rating in a research note on Thursday. Raymond James upped their target price on Antero Resources from $34.00 to $44.00 and gave the stock a "strong-buy" rating in a research report on Thursday, November 21st. Truist Financial upped their target price on Antero Resources from $28.00 to $38.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. Wells Fargo & Company raised Antero Resources from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $24.00 to $32.00 in a research report on Tuesday, December 17th. Finally, BMO Capital Markets upped their target price on Antero Resources from $33.00 to $34.00 and gave the stock a "market perform" rating in a research report on Friday, October 4th. 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 given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $36.88.

Antero Resources Trading Down 0.2 %

NYSE AR traded down $0.07 on Friday, hitting $40.50. 5,292,867 shares of the company were exchanged, compared to its average volume of 3,319,925. The firm has a market capitalization of $12.60 billion, a P/E ratio of 289.26 and a beta of 3.37. Antero Resources has a twelve month low of $20.56 and a twelve month high of $40.93. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. The company's 50 day moving average price is $33.65 and its 200-day moving average price is $30.11.

Institutional Investors Weigh In On Antero Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. HITE Hedge Asset Management LLC grew its stake in Antero Resources by 537.2% in the third quarter. HITE Hedge Asset Management LLC now owns 954,685 shares of the oil and natural gas company's stock valued at $27,352,000 after purchasing an additional 804,851 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Antero Resources by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company's stock worth $500,231,000 after acquiring an additional 675,053 shares during the period. Kailix Advisors LLC bought a new stake in Antero Resources in the 3rd quarter valued at $17,327,000. Driehaus Capital Management LLC bought a new stake in Antero Resources in the 2nd quarter valued at $17,307,000. Finally, Assenagon Asset Management S.A. boosted its stake in Antero Resources by 36.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,747,304 shares of the oil and natural gas company's stock valued at $50,060,000 after purchasing an additional 464,970 shares during the period. Institutional investors and hedge funds 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.