Antero Resources Corporation (NYSE:AR) Stock Has Consensus Target Price of $48.74

Shares of Antero Resources Corporation (NYSE:AR – Get Free Report) have been given a consensus rating of “Moderate Buy” by the twenty-three research firms that are currently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and five have given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $48.74.

AR has been the subject of several research reports. Mizuho cut their price target on Antero Resources from $57.00 to $51.00 and set an “outperform” rating for the company in a research note on Thursday, October 8th. Wells Fargo & Company upped their price objective on shares of Antero Resources from $57.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, October 30th. Morgan Stanley increased their target price on shares of Antero Resources from $49.00 to $51.00 and gave the stock an “overweight” rating in a research report on Thursday, October 15th. Benchmark lifted their target price on shares of Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Finally, Raymond James Financial boosted their price target on shares of Antero Resources from $50.00 to $55.00 and gave the company a “strong-buy” rating in a research report on Tuesday, September 1st.

Get Our Latest Stock Analysis on Antero Resources

Antero Resources Stock Performance

AR stock opened at $37.61 on Friday. The firm has a market cap of $11.55 billion, a PE ratio of 8.49 and a beta of 0.50. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.27. The business has a 50 day moving average of $37.49 and a 200-day moving average of $36.92. Antero Resources has a 12-month low of $31.15 and a 12-month high of $45.75.

Hedge Funds Weigh In On Antero Resources

A number of institutional investors have recently added to or reduced their stakes in AR. BlackRock Inc. purchased a new position in shares of Antero Resources during the second quarter worth about $966,982,000. Bank of New York Mellon Corp bought a new stake in Antero Resources during the second quarter valued at approximately $106,063,000. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in Antero Resources during the second quarter valued at approximately $100,212,000. Palo Duro Investment Partners LP purchased a new position in Antero Resources in the 2nd quarter worth approximately $95,985,000. Finally, Canada Pension Plan Investment Board purchased a new position in Antero Resources in the 2nd quarter worth approximately $78,177,000. 83.04% of the stock is currently owned by institutional investors.

Antero Resources Company Profile

(Get Free Report)

Antero Resources Corporation is an independent energy company focused on acquiring, developing and producing natural gas, natural gas liquids and oil from unconventional reserves in the Appalachian Basin. Its operations are concentrated in the Marcellus Shale in West Virginia and the Utica Shale in Ohio. The company’s products include natural gas and natural gas liquids such as ethane, propane, butane and natural gasoline. Antero also markets and transports its production to customers, including users in domestic and international energy markets.

Recommended Stories

Analyst Recommendations for Antero Resources (NYSE:AR)

Receive News & Ratings for Antero Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Antero Resources and related companies with MarketBeat.com's FREE daily email newsletter.