Antero Resources (NYSE:AR) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Antero Resources (NYSE:AR - Get Free Report) had its price objective raised by equities researchers at The Goldman Sachs Group from $39.00 to $44.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a "buy" rating on the oil and natural gas company's stock. The Goldman Sachs Group's price target indicates a potential upside of 9.63% from the stock's current price.

Several other equities research analysts have also commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Antero Resources from $36.00 to $38.00 and gave the company an "overweight" rating in a report on Tuesday, January 14th. Mizuho boosted their price target on Antero Resources from $35.00 to $40.00 and gave the stock a "neutral" rating in a research report on Monday, December 16th. Barclays dropped their price objective on Antero Resources from $32.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 3rd. Bank of America began coverage on shares of Antero Resources in a report on Monday, October 28th. They issued a "buy" rating and a $36.00 target price for the company. Finally, StockNews.com upgraded shares of Antero Resources to a "sell" rating in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Antero Resources currently has an average rating of "Moderate Buy" and a consensus price target of $38.63.

Antero Resources Price Performance

Shares of AR traded down $0.41 during mid-day trading on Thursday, hitting $40.14. 3,607,948 shares of the stock were exchanged, compared to its average volume of 5,124,223. Antero Resources has a 52-week low of $20.56 and a 52-week high of $41.53. The company has a market cap of $12.49 billion, a PE ratio of 286.69 and a beta of 3.37. The firm has a 50-day moving average of $34.59 and a two-hundred day moving average of $30.37. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28.

Institutional Investors Weigh In On Antero Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AR. Caprock Group LLC boosted its holdings in Antero Resources by 0.6% in the fourth quarter. Caprock Group LLC now owns 58,401 shares of the oil and natural gas company's stock valued at $2,047,000 after purchasing an additional 374 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Antero Resources by 15.8% in the fourth quarter. GAMMA Investing LLC now owns 3,064 shares of the oil and natural gas company's stock valued at $107,000 after purchasing an additional 418 shares during the period. Icon Wealth Advisors LLC raised 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 during the last quarter. Chickasaw Capital Management LLC boosted its holdings in Antero Resources by 5.5% in the 3rd quarter. Chickasaw Capital Management LLC now owns 9,540 shares of the oil and natural gas company's stock valued at $273,000 after purchasing an additional 500 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Antero Resources by 10.9% during the fourth quarter. Blue Trust Inc. now owns 5,316 shares of the oil and natural gas company's stock worth $186,000 after acquiring an additional 521 shares during the period. 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.