Antero Resources Corporation (NYSE:AR) Stock Has Consensus Price Target of $48.11 According to Brokerages

Antero Resources Corporation (NYSE:AR) has earned an average rating of “Moderate Buy” from the twenty-three ratings firms that are currently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and four have issued a strong buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $48.11.

Several research firms have issued reports on AR. Truist Financial lowered their target price on shares of Antero Resources from $52.00 to $46.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. Weiss Ratings cut shares of Antero Resources from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Raymond James Financial increased their price objective 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. Benchmark raised their target price on shares of Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Finally, Scotiabank assumed coverage on shares of Antero Resources in a research report on Wednesday. They issued a “sector outperform” rating and a $46.00 target price for the company.

Hedge Funds Weigh In On Antero Resources

Hedge funds and other institutional investors have recently modified their holdings of the company. Eastern Bank bought a new stake in shares of Antero Resources in the second quarter worth $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Antero Resources during the 2nd quarter valued at about $29,000. Rakuten Securities Inc. bought a new stake in shares of Antero Resources during the 2nd quarter valued at about $31,000. PenderFund Capital Management Ltd. bought a new stake in shares of Antero Resources during the 2nd quarter valued at about $36,000. Finally, McIlrath & Eck LLC bought a new stake in shares of Antero Resources during the 1st quarter valued at about $53,000. 83.04% of the stock is owned by institutional investors.

Antero Resources Stock Up 5.8%

AR stock opened at $38.55 on Wednesday. Antero Resources has a 1-year low of $29.10 and a 1-year high of $45.75. The business has a fifty day moving average price of $36.96 and a 200-day moving average price of $36.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market capitalization of $11.85 billion, a P/E ratio of 11.08 and a beta of 0.54.

Antero Resources Company Profile

Antero Resources Corporation (NYSE: AR) is an independent oil and natural gas company engaged in the acquisition, development and production of unconventional resources. The company’s operations are focused primarily on the Appalachian Basin, where it produces natural gas, natural gas liquids (NGLs) and crude oil.

Antero’s asset base is concentrated in the Marcellus and Utica shale formations in West Virginia and Ohio. Its products include pipeline-quality natural gas as well as NGLs such as ethane, propane, butane and natural gasoline.