Antero Resources (NYSE:AR) Given New $36.00 Price Target at Barclays

Antero Resources (NYSE:AR - Get Free Report) had its price target boosted by stock analysts at Barclays from $30.00 to $36.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an "equal weight" rating on the oil and natural gas company's stock. Barclays's target price indicates a potential downside of 6.01% from the stock's previous close.

AR has been the subject of several other reports. Bank of America began coverage on Antero Resources in a research note on Monday, October 28th. They set a "buy" rating and a $36.00 target price for the company. StockNews.com upgraded Antero Resources to a "sell" rating in a report on Thursday, January 16th. JPMorgan Chase & Co. increased their target price on Antero Resources from $36.00 to $38.00 and gave the company an "overweight" rating in a research note on Tuesday, January 14th. BMO Capital Markets upped their price target on shares of Antero Resources from $33.00 to $34.00 and gave the company a "market perform" rating in a report on Friday, October 4th. Finally, Wells Fargo & Company upgraded shares of Antero Resources from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $24.00 to $32.00 in a research note on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $39.00.

Antero Resources Stock Up 2.6 %

NYSE:AR traded up $0.98 during trading hours on Thursday, hitting $38.30. The stock had a trading volume of 4,729,115 shares, compared to its average volume of 5,153,115. The business has a 50 day simple moving average of $35.14 and a two-hundred day simple moving average of $30.60. Antero Resources has a 1-year low of $20.56 and a 1-year high of $41.53. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The company has a market cap of $11.92 billion, a PE ratio of 273.57 and a beta of 3.33.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its stake in Antero Resources by 87.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 58,017 shares of the oil and natural gas company's stock worth $1,893,000 after acquiring an additional 27,105 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Antero Resources by 16.6% in the second quarter. Bank of Montreal Can now owns 52,435 shares of the oil and natural gas company's stock worth $1,759,000 after purchasing an additional 7,455 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Antero Resources by 0.9% during the second quarter. The Manufacturers Life Insurance Company now owns 300,292 shares of the oil and natural gas company's stock worth $9,799,000 after purchasing an additional 2,695 shares during the period. Creative Planning grew its position in Antero Resources by 6.8% during the second quarter. Creative Planning now owns 21,056 shares of the oil and natural gas company's stock valued at $687,000 after purchasing an additional 1,340 shares in the last quarter. Finally, Mattson Financial Services LLC purchased a new position in Antero Resources during the second quarter valued at approximately $64,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

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.