Antero Resources (NYSE:AR) Reaches New 1-Year High After Analyst Upgrade

Antero Resources Co. (NYSE:AR)’s stock price reached a new 52-week high on Wednesday after JPMorgan Chase & Co. raised their price target on the stock from $36.00 to $38.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Antero Resources traded as high as $39.77 and last traded at $39.77, with a volume of 720585 shares changing hands. The stock had previously closed at $38.59.

AR has been the topic of a number of other research reports. Truist Financial boosted their price target on Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a research note on Monday. Bank of America began coverage on shares of Antero Resources in a research note on Monday, October 28th. They set a “buy” rating and a $36.00 price target on the stock. Wells Fargo & Company raised shares of Antero Resources from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $24.00 to $32.00 in a report on Tuesday, December 17th. BMO Capital Markets raised their target price on Antero Resources from $33.00 to $34.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. Finally, UBS Group boosted their price target on Antero Resources from $31.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $36.35.

Hedge Funds Weigh In On Antero Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UMB Bank n.a. boosted 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 acquiring an additional 686 shares during the last quarter. Pinnacle Bancorp Inc. purchased a new position in shares of Antero Resources during the 4th quarter worth $28,000. True Wealth Design LLC acquired a new stake in shares of Antero Resources during the third quarter worth $30,000. Capital Performance Advisors LLP purchased a new stake in shares of Antero Resources in the third quarter valued at $45,000. Finally, Mattson Financial Services LLC purchased a new stake in shares of Antero Resources in the second quarter valued at $64,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Price Performance

The company has a 50 day moving average of $32.96 and a 200 day moving average of $29.91. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $12.37 billion, a price-to-earnings ratio of 284.00 and a beta of 3.37.

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 in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.