JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Antero Resources (NYSE:AR) Stock

Antero Resources (NYSE:AR - Free Report) had its price target lifted by JPMorgan Chase & Co. from $36.00 to $38.00 in a report published on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the oil and natural gas company's stock.

Other equities research analysts have also issued research reports about the company. Barclays cut their target price on Antero Resources from $32.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 3rd. Morgan Stanley cut their price objective on shares of Antero Resources from $39.00 to $38.00 and set an "overweight" rating on the stock in a report on Monday, September 16th. BMO Capital Markets upped their target price on shares of Antero Resources from $33.00 to $34.00 and gave the company a "market perform" rating in a report on Friday, October 4th. Bank of America started coverage on shares of Antero Resources in a research report on Monday, October 28th. They issued a "buy" rating and a $36.00 target price on the stock. Finally, Truist Financial boosted their price target on shares of Antero Resources from $28.00 to $38.00 and gave the company a "hold" rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Antero Resources currently has an average rating of "Moderate Buy" and an average target price of $36.35.

Antero Resources Stock Up 0.5 %

AR traded up $0.21 on Tuesday, hitting $38.51. 6,949,061 shares of the company were exchanged, compared to its average volume of 5,373,195. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The company has a market cap of $11.98 billion, a price-to-earnings ratio of 275.07 and a beta of 3.37. The firm has a 50-day moving average price of $32.72 and a two-hundred day moving average price of $29.87. Antero Resources has a twelve month low of $20.56 and a twelve month high of $39.43.

Hedge Funds Weigh In On Antero Resources

Several institutional investors have recently added to or reduced their stakes in AR. HITE Hedge Asset Management LLC boosted its holdings in shares of Antero Resources by 537.2% in 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 last quarter. Wellington Management Group LLP raised its position 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 valued at $500,231,000 after purchasing an additional 675,053 shares during the period. Kailix Advisors LLC acquired a new position in shares of Antero Resources during the third quarter worth about $17,327,000. Driehaus Capital Management LLC purchased a new stake in shares of Antero Resources in the second quarter worth about $17,307,000. Finally, Assenagon Asset Management S.A. grew its stake 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 valued at $50,060,000 after buying an additional 464,970 shares in the last quarter. 83.04% of the stock is currently 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.