Antero Resources (NYSE:AR) Price Target Raised to $60.00

Antero Resources (NYSE:AR - Free Report) had its price objective lifted by Raymond James from $44.00 to $60.00 in a report issued on Thursday,Benzinga reports. The firm currently has a strong-buy rating on the oil and natural gas company's stock.

Several other equities research analysts have also recently commented on the company. The Goldman Sachs Group boosted their price target on Antero Resources from $39.00 to $44.00 and gave the company a "buy" rating in a research note on Thursday. BMO Capital Markets boosted their target price on shares of Antero Resources from $33.00 to $34.00 and gave the stock a "market perform" rating in a research report on Friday, October 4th. Mizuho raised their price target on shares of Antero Resources from $35.00 to $40.00 and gave the company a "neutral" rating in a report on Monday, December 16th. JPMorgan Chase & Co. upped their price objective on shares of Antero Resources from $36.00 to $38.00 and gave the stock an "overweight" rating in a report on Tuesday, January 14th. Finally, Citigroup increased their target price on shares of Antero Resources from $29.00 to $35.00 and gave the stock a "neutral" rating in a research report on Friday, December 6th. One 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $38.63.

Antero Resources Stock Down 1.0 %

Antero Resources stock traded down $0.41 during mid-day trading on Thursday, hitting $40.14. The company's stock had a trading volume of 3,607,948 shares, compared to its average volume of 5,124,223. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. Antero Resources has a 52-week low of $20.56 and a 52-week high of $41.53. The firm's 50 day moving average is $34.59 and its 200 day moving average is $30.37. The company has a market cap of $12.49 billion, a PE ratio of 286.69 and a beta of 3.37.

Institutional Investors Weigh In On Antero Resources

Several hedge funds and other institutional investors have recently made changes to their positions in AR. Envestnet Asset Management Inc. grew its position in shares of Antero Resources by 87.7% during 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 buying an additional 27,105 shares during the period. Sei Investments Co. grew its holdings in Antero Resources by 9.7% during the 2nd quarter. Sei Investments Co. now owns 138,816 shares of the oil and natural gas company's stock worth $4,530,000 after acquiring an additional 12,332 shares during the period. Ensign Peak Advisors Inc raised its position in shares of Antero Resources by 13.8% during the 2nd quarter. Ensign Peak Advisors Inc now owns 104,371 shares of the oil and natural gas company's stock valued at $3,406,000 after acquiring an additional 12,620 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Antero Resources by 16.6% in the 2nd quarter. Bank of Montreal Can now owns 52,435 shares of the oil and natural gas company's stock valued at $1,759,000 after purchasing an additional 7,455 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of Antero Resources by 1,021.1% in the 2nd quarter. AQR Capital Management LLC now owns 483,725 shares of the oil and natural gas company's stock worth $15,784,000 after purchasing an additional 440,578 shares during the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

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.