Antero Resources Co. (NYSE:AR) Receives $34.78 Consensus Target Price from Brokerages

Antero Resources Co. (NYSE:AR - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the nineteen ratings firms that are presently covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $34.78.

AR has been the topic of a number of recent research reports. Bank of America began coverage on Antero Resources in a report on Monday, October 28th. They issued a "buy" rating and a $36.00 target price on the stock. Wolfe Research raised shares of Antero Resources from a "peer perform" rating to an "outperform" rating and set a $37.00 price objective on the stock in a research note on Wednesday, September 11th. Morgan Stanley cut their price objective on shares of Antero Resources from $39.00 to $38.00 and set an "overweight" rating for the company in a research report on Monday, September 16th. Barclays lowered their target price on shares of Antero Resources from $32.00 to $30.00 and set an "equal weight" rating on the stock in a report on Thursday, October 3rd. Finally, Raymond James increased their price target on shares of Antero Resources from $34.00 to $44.00 and gave the stock a "strong-buy" rating in a report on Thursday, November 21st.

Antero Resources Stock Performance

Shares of NYSE AR traded up $0.52 during midday trading on Thursday, reaching $35.57. 3,975,759 shares of the company were exchanged, compared to its average volume of 4,042,980. The stock has a market cap of $11.07 billion, a P/E ratio of 254.07 and a beta of 3.42. Antero Resources has a 1 year low of $20.56 and a 1 year high of $36.28. The stock has a fifty day simple moving average of $31.30 and a 200 day simple moving average of $29.70. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Confluence Investment Management LLC increased its position in shares of Antero Resources by 6.4% in the 4th quarter. Confluence Investment Management LLC now owns 21,219 shares of the oil and natural gas company's stock worth $744,000 after purchasing an additional 1,280 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Antero Resources by 40.6% during the 3rd quarter. Franklin Resources Inc. now owns 756,128 shares of the oil and natural gas company's stock worth $21,209,000 after buying an additional 218,517 shares during the last quarter. World Investment Advisors LLC acquired a new position in shares of Antero Resources in the 3rd quarter worth approximately $210,000. Geode Capital Management LLC raised its position in shares of Antero Resources by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company's stock valued at $139,054,000 after acquiring an additional 61,490 shares in the last quarter. Finally, M&T Bank Corp lifted its stake in Antero Resources by 3.2% during the third quarter. M&T Bank Corp now owns 24,155 shares of the oil and natural gas company's stock worth $692,000 after purchasing an additional 743 shares during the last quarter. Hedge funds and other 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.