Antero Resources (NYSE:AR – Free Report) had its price objective increased by Truist Financial from $27.00 to $28.00 in a research note published on Friday morning, Benzinga reports. Truist Financial currently has a hold rating on the oil and natural gas company’s stock.
Several other equities research analysts have also commented on AR. Wells Fargo & Company raised shares of Antero Resources from an equal weight rating to an overweight rating and cut their price target for the stock from $32.00 to $26.00 in a report on Thursday, December 14th. Raymond James raised their price target on shares of Antero Resources from $28.00 to $32.00 and gave the company a strong-buy rating in a research note on Wednesday, January 24th. Benchmark reduced their target price on Antero Resources from $32.00 to $26.00 and set a buy rating for the company in a report on Thursday, January 11th. Mizuho lowered Antero Resources from a buy rating to a neutral rating and set a $27.00 price target on the stock. in a research note on Wednesday, January 3rd. Finally, Tudor, Pickering, Holt & Co. raised Antero Resources from a hold rating to a buy rating and set a $32.00 price objective for the company in a research note on Wednesday, January 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $28.50.
View Our Latest Research Report on Antero Resources
Antero Resources Price Performance
Shares of NYSE AR opened at $23.96 on Friday. The stock has a market capitalization of $7.20 billion, a price-to-earnings ratio of 31.12 and a beta of 3.28. Antero Resources has a 12 month low of $19.91 and a 12 month high of $30.90. The firm’s 50 day simple moving average is $22.30 and its 200-day simple moving average is $25.01. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.29 and a quick ratio of 0.29.
Institutional Investors Weigh In On Antero Resources
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Lindbrook Capital LLC boosted its stake in shares of Antero Resources by 81.5% in the fourth quarter. Lindbrook Capital LLC now owns 1,479 shares of the oil and natural gas company’s stock valued at $34,000 after purchasing an additional 664 shares during the period. Belpointe Asset Management LLC boosted its stake in shares of Antero Resources by 195.2% in the first quarter. Belpointe Asset Management LLC now owns 1,553 shares of the oil and natural gas company’s stock valued at $36,000 after purchasing an additional 1,027 shares during the period. Planned Solutions Inc. purchased a new position in shares of Antero Resources in the fourth quarter valued at approximately $45,000. Itau Unibanco Holding S.A. purchased a new position in Antero Resources in the third quarter worth approximately $47,000. Finally, CWM LLC lifted its stake in Antero Resources by 369.1% in the second quarter. CWM LLC now owns 2,233 shares of the oil and natural gas company’s stock worth $51,000 after acquiring an additional 1,757 shares during the last quarter. 80.20% of the stock is currently owned by institutional investors and hedge funds.
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 through three segments: Exploration, Development and Production of Natural Gas, NGLs and Oil; Marketing and Utilization of Excess Firm Transportation Capacity; and Midstream Services Through Our Equity Method Investment in Antero Midstream.
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Source: defenseworld.net
