Antero Resources (NYSE:AR) Upgraded at Scotiabank

Scotiabank upgraded shares of Antero Resources (NYSE:AR) to a strong-buy rating in a report published on Wednesday,Zacks reports.

Several other equities research analysts also recently commented on the stock. The Goldman Sachs Group upped their price target on shares of Antero Resources from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, September 2nd. Stifel Nicolaus assumed coverage on shares of Antero Resources in a research report on Thursday, September 10th. They set a “hold” rating and a $42.00 price objective on the stock. Jefferies Financial Group cut their target price on shares of Antero Resources from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Friday, October 2nd. Wells Fargo & Company boosted their target price on shares of Antero Resources from $52.00 to $57.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. reduced their target price on Antero Resources from $49.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, July 8th. Five research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $48.11.

Antero Resources Trading Up 5.8%

AR stock traded up $2.11 during mid-day trading on Wednesday, reaching $38.55. 5,206,183 shares of the stock traded hands, compared to its average volume of 4,170,516. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.29. Antero Resources has a 52-week low of $29.10 and a 52-week high of $45.75. The company has a market cap of $11.85 billion, a P/E ratio of 11.08 and a beta of 0.54. The stock’s fifty day moving average is $36.96 and its 200-day moving average is $36.50.

Institutional Trading of Antero Resources

Hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue boosted its holdings in shares of Antero Resources by 1.0% during the third quarter. State of Alaska Department of Revenue now owns 29,126 shares of the oil and natural gas company’s stock worth $972,000 after purchasing an additional 285 shares during the period. Fifth Third Wealth Advisors LLC increased its stake in Antero Resources by 4.3% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 9,362 shares of the oil and natural gas company’s stock valued at $397,000 after buying an additional 389 shares during the period. Arizona State Retirement System increased its stake in Antero Resources by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 80,875 shares of the oil and natural gas company’s stock valued at $2,842,000 after buying an additional 394 shares during the period. Twin Capital Management Inc. lifted its position in Antero Resources by 1.5% in the 1st quarter. Twin Capital Management Inc. now owns 30,195 shares of the oil and natural gas company’s stock worth $1,281,000 after buying an additional 437 shares in the last quarter. Finally, Hilton Head Capital Partners LLC lifted its position in Antero Resources by 35.3% in the 1st quarter. Hilton Head Capital Partners LLC now owns 1,739 shares of the oil and natural gas company’s stock worth $74,000 after buying an additional 454 shares in the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

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.