Citigroup Forecasts Strong Price Appreciation for Antero Resources (NYSE:AR) Stock

Antero Resources (NYSE:AR - Get Free Report) had its price target raised by Citigroup from $29.00 to $35.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the oil and natural gas company's stock. Citigroup's price objective would suggest a potential upside of 13.67% from the stock's current price.

A number of other equities analysts have also recently commented on the stock. Raymond James lifted their target price on shares of Antero Resources from $34.00 to $44.00 and gave the company a "strong-buy" rating in a report on Thursday, November 21st. Barclays dropped their target price on Antero Resources from $32.00 to $30.00 and set an "equal weight" rating on the stock in a report on Thursday, October 3rd. Wolfe Research upgraded shares of Antero Resources from a "peer perform" rating to an "outperform" rating and set a $37.00 target price for the company in a research note on Wednesday, September 11th. Mizuho reduced their price target on Antero Resources from $37.00 to $35.00 and set a "neutral" rating for the company in a report on Monday, September 16th. Finally, Roth Capital raised shares of Antero Resources to a "strong-buy" rating in a report on Tuesday, August 27th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Antero Resources presently has an average rating of "Moderate Buy" and an average target price of $33.83.

Antero Resources Stock Down 3.1 %

Shares of Antero Resources stock traded down $0.97 during trading on Friday, hitting $30.79. 2,018,948 shares of the stock were exchanged, compared to its average volume of 4,071,638. Antero Resources has a 12-month low of $20.10 and a 12-month high of $36.28. 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 $9.58 billion, a price-to-earnings ratio of 219.93 and a beta of 3.42. The firm's 50-day moving average price is $29.56 and its 200 day moving average price is $29.94.

Institutional Investors Weigh In On Antero Resources

Several hedge funds and other institutional investors have recently bought and sold shares of AR. Wellington Management Group LLP boosted its holdings in Antero Resources by 4.0% in the third 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. Geode Capital Management LLC lifted its holdings in shares of Antero Resources by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company's stock worth $139,054,000 after purchasing an additional 61,490 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in Antero Resources by 10.4% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 4,378,849 shares of the oil and natural gas company's stock valued at $125,452,000 after purchasing an additional 411,549 shares during the period. Merewether Investment Management LP grew its position in Antero Resources by 4.6% in the 2nd quarter. Merewether Investment Management LP now owns 2,943,948 shares of the oil and natural gas company's stock worth $96,061,000 after purchasing an additional 128,200 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Antero Resources by 4.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company's stock valued at $76,342,000 after purchasing an additional 122,815 shares in the last quarter. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

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.

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