Antero Resources (NYSE:AR) Hits New 1-Year High After Analyst Upgrade

Shares of Antero Resources Co. (NYSE:AR - Get Free Report) reached a new 52-week high on Wednesday after JPMorgan Chase & Co. raised their price target on the stock from $36.00 to $38.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Antero Resources traded as high as $39.77 and last traded at $39.77, with a volume of 720585 shares traded. The stock had previously closed at $38.59.

A number of other research firms have also commented on AR. StockNews.com raised shares of Antero Resources to a "sell" rating in a report on Friday, January 3rd. BMO Capital Markets lifted their target price on shares of Antero Resources from $33.00 to $34.00 and gave the stock a "market perform" rating in a report on Friday, October 4th. Raymond James lifted their target price 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. Wells Fargo & Company raised shares of Antero Resources from an "underweight" rating to an "equal weight" rating and boosted their price target for the company from $24.00 to $32.00 in a report on Tuesday, December 17th. Finally, Citigroup boosted their price target 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 issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $36.35.

Hedge Funds Weigh In On Antero Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its stake in Antero Resources by 15.8% in the 4th quarter. GAMMA Investing LLC now owns 3,064 shares of the oil and natural gas company's stock worth $107,000 after purchasing an additional 418 shares during the period. Icon Wealth Advisors LLC lifted its position in Antero Resources by 5.8% during the 3rd quarter. Icon Wealth Advisors LLC now owns 8,459 shares of the oil and natural gas company's stock worth $242,000 after buying an additional 460 shares in the last quarter. Chickasaw Capital Management LLC lifted its position in Antero Resources by 5.5% during the 3rd quarter. Chickasaw Capital Management LLC now owns 9,540 shares of the oil and natural gas company's stock worth $273,000 after buying an additional 500 shares in the last quarter. Wedmont Private Capital lifted its position in Antero Resources by 4.2% during the 3rd quarter. Wedmont Private Capital now owns 16,906 shares of the oil and natural gas company's stock worth $505,000 after buying an additional 681 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in Antero Resources by 357.3% during the 3rd quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company's stock worth $25,000 after buying an additional 686 shares in the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Antero Resources Stock Up 4.3 %

The firm's 50-day simple moving average is $32.96 and its 200 day simple moving average is $29.91. 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 has a market capitalization of $12.52 billion, a P/E ratio of 287.50 and a beta of 3.37.

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.