Antero Resources (NYSE:AR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, January 16th. The brokerage currently has a $22.00 price target on the oil and natural gas company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 28.58% from the stock’s previous close.
According to Zacks, “Antero Resources Corporation is an independent oil and natural gas company. It is primarily engaged in the exploitation, development and acquisition of unconventional oil and liquids-rich natural gas properties primarily located in the Appalachian Basin in West Virginia, Ohio and Pennsylvania. Antero Resources Corporation is headquartered in Denver, Colorado. “
Several other research firms also recently weighed in on AR. Stifel Nicolaus set a $21.00 price objective on shares of Antero Resources and gave the stock a “hold” rating in a report on Thursday, October 5th. Jefferies Group began coverage on shares of Antero Resources in a report on Monday, October 9th. They set a “hold” rating and a $21.00 price objective on the stock. BMO Capital Markets reiterated a “buy” rating on shares of Antero Resources in a report on Friday, September 22nd. Howard Weil downgraded shares of Antero Resources from an “outperform” rating to a “sector perform” rating and set a $26.00 target price for the company. in a report on Thursday, September 21st. Finally, Robert W. Baird set a $38.00 target price on shares of Antero Resources and gave the company a “buy” rating in a report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the company’s stock. Antero Resources currently has a consensus rating of “Hold” and an average target price of $25.28.
Antero Resources (NYSE:AR) traded up $0.09 on Tuesday, reaching $17.11. 5,466,739 shares of the company’s stock traded hands, compared to its average volume of 3,660,000. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 0.85. Antero Resources has a 1 year low of $16.31 and a 1 year high of $26.09. The firm has a market capitalization of $5,400.00, a P/E ratio of -15.01, a price-to-earnings-growth ratio of 2.90 and a beta of 0.93.
In other Antero Resources news, insider K. Phil Yoo sold 10,865 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $19.25, for a total transaction of $209,151.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.20% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the business. Twin Tree Management LP bought a new position in Antero Resources during the fourth quarter worth about $143,000. Toronto Dominion Bank boosted its position in shares of Antero Resources by 244.3% in the third quarter. Toronto Dominion Bank now owns 9,326 shares of the oil and natural gas company’s stock valued at $186,000 after acquiring an additional 6,617 shares during the period. SG Americas Securities LLC bought a new position in shares of Antero Resources in the second quarter valued at approximately $215,000. Linscomb & Williams Inc. bought a new position in shares of Antero Resources in the second quarter valued at approximately $220,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Antero Resources by 22.3% in the second quarter. PNC Financial Services Group Inc. now owns 10,353 shares of the oil and natural gas company’s stock valued at $223,000 after acquiring an additional 1,891 shares during the period. Hedge funds and other institutional investors own 96.95% of the company’s stock.
About Antero Resources
Antero Resources Corporation is an oil and natural gas company. The Company is engaged in the exploration, development and acquisition of natural gas, natural gas liquids (NGLs) and oil properties located in the Appalachian Basin. The Company’s segments include the exploration, development and production of natural gas, NGLs and oil; gathering and processing; water handling and treatment, and marketing of excess firm transportation capacity.
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