Antero Resources (NYSE:AR) Hits New 12-Month High After Analyst Upgrade

Shares of Antero Resources Co. (NYSE:AR) hit a new 52-week high during trading 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.

A number of other research firms have also commented on AR. StockNews.com upgraded shares of Antero Resources to a “sell” rating in a research report on Friday, January 3rd. Truist Financial lifted their target price on shares of Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a research report on Monday. UBS Group boosted their target price on Antero Resources from $31.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, December 9th. Barclays reduced their price target 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. Finally, Mizuho boosted their price objective on Antero Resources from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $36.35.

Institutional Trading of Antero Resources

Large investors have recently made changes to their positions in the business. Hennessy Advisors Inc. raised its holdings in shares of Antero Resources by 4.3% in the fourth quarter. Hennessy Advisors Inc. now owns 24,200 shares of the oil and natural gas company’s stock worth $848,000 after buying an additional 1,000 shares during the period. Pinnacle Bancorp Inc. bought a new stake in Antero Resources during the 4th quarter valued at about $28,000. Capital CS Group LLC bought a new stake in shares of Antero Resources during the fourth quarter valued at approximately $615,000. Wedmont Private Capital raised its position in Antero Resources by 28.5% during the 4th quarter. Wedmont Private Capital now owns 21,716 shares of the oil and natural gas company’s stock valued at $832,000 after purchasing an additional 4,810 shares in the last quarter. Finally, Everence Capital Management Inc. purchased a new stake in shares of Antero Resources in the 4th quarter worth $365,000. 83.04% of the stock is currently owned by institutional investors.

Antero Resources Price Performance

The firm has a fifty day moving average of $32.96 and a two-hundred day moving average of $29.91. The stock has a market capitalization of $12.37 billion, a P/E ratio of 284.00 and a beta of 3.37. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28.

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.