Antero Resources (NYSE:AR) Upgraded to Sell at StockNews.com

Antero Resources (NYSE:AR - Get Free Report) was upgraded by equities researchers at StockNews.com to a "sell" rating in a research note issued to investors on Thursday.

A number of other research firms have also weighed in on AR. BMO Capital Markets increased 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. Barclays decreased their target price on Antero Resources from $32.00 to $30.00 and set an "equal weight" rating for the company in a report on Thursday, October 3rd. Truist Financial upped their price objective on shares of Antero Resources from $28.00 to $38.00 and gave the stock a "hold" rating in a report on Monday. JPMorgan Chase & Co. boosted their price target on Antero Resources from $36.00 to $38.00 and gave the stock an "overweight" rating in a research report on Tuesday. Finally, Bank of America initiated coverage on Antero Resources in a research report on Monday, October 28th. They set a "buy" rating and a $36.00 price objective for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Antero Resources presently has an average rating of "Moderate Buy" and an average target price of $36.35.

Antero Resources Trading Up 0.9 %

NYSE:AR traded up $0.36 during trading hours on Thursday, reaching $40.59. The company's stock had a trading volume of 6,107,069 shares, compared to its average volume of 5,473,697. The firm has a 50-day simple moving average of $33.19 and a 200-day simple moving average of $29.98. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28. Antero Resources has a 1 year low of $20.56 and a 1 year high of $40.93. The firm has a market capitalization of $12.63 billion, a price-to-earnings ratio of 289.93 and a beta of 3.37.

Hedge Funds Weigh In On Antero Resources

Several large investors have recently made changes to their positions in AR. HITE Hedge Asset Management LLC raised its stake in Antero Resources by 537.2% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 954,685 shares of the oil and natural gas company's stock valued at $27,352,000 after purchasing an additional 804,851 shares during the period. Wellington Management Group LLP boosted its stake in Antero Resources by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company's stock worth $500,231,000 after purchasing an additional 675,053 shares during the period. Kailix Advisors LLC purchased a new stake in Antero Resources during the 3rd quarter valued at approximately $17,327,000. Driehaus Capital Management LLC bought a new stake in shares of Antero Resources during the second quarter valued at approximately $17,307,000. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Antero Resources by 36.3% in the third quarter. Assenagon Asset Management S.A. now owns 1,747,304 shares of the oil and natural gas company's stock worth $50,060,000 after buying an additional 464,970 shares in the last quarter. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

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.