Antero Resources Co. (NYSE:AR) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Antero Resources Co. (NYSE:AR - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the nineteen analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, nine have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $32.83.

Several research analysts have recently weighed in on AR shares. Mizuho lowered their price objective on Antero Resources from $37.00 to $35.00 and set a "neutral" rating for the company in a research report on Monday, September 16th. Citigroup began coverage on Antero Resources in a report on Tuesday, September 17th. They issued a "neutral" rating and a $29.00 target price for the company. Barclays reduced their price objective on shares of Antero Resources from $32.00 to $30.00 and set an "equal weight" rating for the company in a research report on Thursday, October 3rd. UBS Group cut their target price on shares of Antero Resources from $33.00 to $31.00 and set a "neutral" rating on the stock in a research note on Monday, November 4th. Finally, Truist Financial decreased their price target on shares of Antero Resources from $29.00 to $28.00 and set a "hold" rating for the company in a research note on Monday, September 30th.

Antero Resources Trading Up 0.1 %

Shares of AR traded up $0.03 during trading hours on Wednesday, hitting $31.19. 2,522,062 shares of the stock were exchanged, compared to its average volume of 4,101,275. Antero Resources has a fifty-two week low of $20.10 and a fifty-two week high of $36.28. The business has a 50-day moving average of $27.68 and a 200-day moving average of $30.09. The firm has a market capitalization of $9.71 billion, a P/E ratio of 223.57 and a beta of 3.36. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AR. UMB Bank n.a. grew its stake in Antero Resources by 357.3% during 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 acquiring an additional 686 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Antero Resources by 1,311.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company's stock valued at $28,000 after purchasing an additional 892 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Antero Resources in the third quarter worth $45,000. Mattson Financial Services LLC bought a new stake in Antero Resources during the second quarter valued at $64,000. Finally, GAMMA Investing LLC grew its position in Antero Resources by 27.8% during the second quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company's stock worth $98,000 after buying an additional 655 shares in the last quarter. Institutional investors own 83.04% of the company's stock.

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.