Truist Financial Boosts Antero Resources (NYSE:AR) Price Target to $38.00

Antero Resources (NYSE:AR - Get Free Report) had its price objective raised by analysts at Truist Financial from $28.00 to $38.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a "hold" rating on the oil and natural gas company's stock. Truist Financial's price objective suggests a potential downside of 0.76% from the company's current price.

A number of other brokerages have also issued reports on AR. BMO Capital Markets lifted their target price on Antero Resources from $33.00 to $34.00 and gave the company a "market perform" rating in a research report on Friday, October 4th. Mizuho increased their price objective on shares of Antero Resources from $35.00 to $40.00 and gave the company a "neutral" rating in a research report on Monday, December 16th. StockNews.com raised Antero Resources to a "sell" rating in a report on Friday, January 3rd. Morgan Stanley decreased their price target on Antero Resources from $39.00 to $38.00 and set an "overweight" rating on the stock in a research note on Monday, September 16th. Finally, Citigroup raised their price objective on shares of Antero Resources from $29.00 to $35.00 and gave the company a "neutral" rating in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Antero Resources has a consensus rating of "Moderate Buy" and an average price target of $35.88.

Antero Resources Trading Down 0.1 %

NYSE AR traded down $0.03 during trading on Monday, reaching $38.29. 5,385,617 shares of the stock traded hands, compared to its average volume of 5,147,873. Antero Resources has a fifty-two week low of $20.56 and a fifty-two week high of $39.43. The firm has a market cap of $11.91 billion, a price-to-earnings ratio of 273.50 and a beta of 3.37. 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 stock's 50-day moving average price is $32.49 and its 200 day moving average price is $29.83.

Institutional Investors Weigh In On Antero Resources

Several institutional investors and hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP boosted its position in shares of Antero Resources by 4.0% during the third quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company's stock valued at $500,231,000 after buying an additional 675,053 shares during the period. Geode Capital Management LLC boosted its holdings in Antero Resources by 1.3% in the third 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 purchasing an additional 61,490 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its position in shares of Antero Resources by 10.4% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 4,378,849 shares of the oil and natural gas company's stock worth $125,452,000 after acquiring an additional 411,549 shares during the period. Merewether Investment Management LP lifted its holdings in Antero Resources by 4.6% during the second quarter. Merewether Investment Management LP now owns 2,943,948 shares of the oil and natural gas company's stock valued at $96,061,000 after purchasing an additional 128,200 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Antero Resources by 4.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company's stock worth $76,342,000 after purchasing an additional 122,815 shares in the last quarter. Institutional investors 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.