Antero Resources Corporation (NYSE:AR) Given Average Rating of “Moderate Buy” by Brokerages

Antero Resources Corporation (NYSE:AR) has been assigned an average recommendation of “Moderate Buy” from the eighteen research firms that are covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $45.60.

AR has been the topic of several recent research reports. Morgan Stanley reduced their target price on shares of Antero Resources from $48.00 to $46.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. Bank of America raised their price objective on Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. Benchmark reaffirmed a “hold” rating on shares of Antero Resources in a research report on Thursday, January 15th. Mizuho set a $47.00 target price on Antero Resources in a research note on Friday, December 12th. Finally, Tudor Pickering raised Antero Resources from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd.

Institutional Investors Weigh In On Antero Resources

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AR. Neo Ivy Capital Management acquired a new stake in Antero Resources during the second quarter valued at approximately $532,000. Stephens Investment Management Group LLC increased its holdings in shares of Antero Resources by 4.5% in the 3rd quarter. Stephens Investment Management Group LLC now owns 1,185,601 shares of the oil and natural gas company’s stock valued at $39,789,000 after acquiring an additional 51,126 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of Antero Resources by 103.8% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 436,476 shares of the oil and natural gas company’s stock valued at $14,648,000 after acquiring an additional 222,311 shares in the last quarter. Edgestream Partners L.P. bought a new position in Antero Resources during the second quarter worth $3,015,000. Finally, Jefferies Financial Group Inc. lifted its stake in Antero Resources by 9.5% during the second quarter. Jefferies Financial Group Inc. now owns 1,956,918 shares of the oil and natural gas company’s stock worth $78,825,000 after purchasing an additional 169,133 shares during the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Trading Down 1.2%

NYSE AR opened at $33.82 on Friday. The firm has a market capitalization of $10.43 billion, a price-to-earnings ratio of 17.99 and a beta of 0.55. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.31 and a current ratio of 0.31. Antero Resources has a one year low of $29.10 and a one year high of $44.01. The company’s 50 day moving average price is $34.29 and its 200 day moving average price is $33.31.

Antero Resources Company Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.