Antero Resources Co. (NYSE:AR - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $40.57, but opened at $39.72. Antero Resources shares last traded at $40.10, with a volume of 614,355 shares.
Analyst Ratings Changes
AR has been the topic of a number of research reports. Citigroup upped their price target on Antero Resources from $29.00 to $35.00 and gave the stock a "neutral" rating in a research note on Friday, December 6th. Bank of America began coverage on Antero Resources in a research report on Monday, October 28th. They set a "buy" rating and a $36.00 target price on the stock. Raymond James lifted their price target on shares of Antero Resources from $34.00 to $44.00 and gave the company a "strong-buy" rating in a research report on Thursday, November 21st. BMO Capital Markets upped their price objective 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. Finally, Mizuho lifted their price objective 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. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Antero Resources has a consensus rating of "Moderate Buy" and an average target price of $36.88.
Check Out Our Latest Analysis on AR
Antero Resources Price Performance
The firm's 50 day moving average price is $33.65 and its two-hundred day moving average price is $30.10. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market cap of $12.60 billion, a PE ratio of 289.26 and a beta of 3.37.
Institutional Investors Weigh In On Antero Resources
Several hedge funds and other institutional investors have recently modified their holdings of AR. UMB Bank n.a. increased its holdings in shares of Antero Resources by 357.3% in 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 period. Pinnacle Bancorp Inc. purchased a new position in Antero Resources during the fourth quarter worth about $28,000. True Wealth Design LLC bought a new position in Antero Resources in the 3rd quarter worth about $30,000. Capital Performance Advisors LLP purchased a new stake in shares of Antero Resources in the 3rd quarter valued at about $45,000. Finally, Mattson Financial Services LLC bought a new stake in shares of Antero Resources during the 2nd quarter valued at about $64,000. 83.04% of the stock is currently owned by institutional investors.
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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