Shares of Antero Resources Co. (NYSE:AR - Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as $41.32 and last traded at $40.99, with a volume of 577966 shares. The stock had previously closed at $39.93.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Antero Resources from $36.00 to $38.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 14th. Wells Fargo & Company raised Antero Resources from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $24.00 to $32.00 in a research report on Tuesday, December 17th. Mizuho increased their price objective on Antero Resources from $35.00 to $40.00 and gave the company a "neutral" rating in a report on Monday, December 16th. Truist Financial lifted their target price on Antero Resources from $28.00 to $38.00 and gave the stock a "hold" rating in a report on Monday, January 13th. Finally, Bank of America started coverage on shares of Antero Resources in a report on Monday, October 28th. They issued a "buy" rating and a $36.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $36.88.
View Our Latest Report on Antero Resources
Antero Resources Price Performance
The company has a market capitalization of $12.67 billion, a price-to-earnings ratio of 290.91 and a beta of 3.37. The stock's 50-day simple moving average is $34.19 and its two-hundred day simple moving average is $30.25. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. UMB Bank n.a. increased its position in Antero Resources by 357.3% during the third quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company's stock worth $25,000 after purchasing an additional 686 shares during the last quarter. Pinnacle Bancorp Inc. acquired a new stake in Antero Resources during the 4th quarter worth approximately $28,000. True Wealth Design LLC purchased a new position in Antero Resources in the third quarter valued at $30,000. Capital Performance Advisors LLP acquired a new position in shares of Antero Resources during the third quarter worth about $45,000. Finally, Mattson Financial Services LLC acquired a new stake in Antero Resources in the second quarter valued at approximately $64,000. 83.04% of the stock is owned by institutional investors and hedge funds.
About Antero Resources
(
Get Free Report)
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.
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