Antero Resources' (AR) Hold Rating Reiterated at Stifel Nicolaus

Key Points

• Stifel Nicolaus reiterated its “hold” rating on Antero Resources and maintained a $42 price target, implying approximately 7.19% upside from the stock’s current price.
• Analyst sentiment is more positive overall: Antero has an average “Moderate Buy” rating and a consensus price target of $48.72, supported by four Strong Buy and twelve Buy ratings.
• Antero Resources shares opened at $39.18, while institutional investors and hedge funds collectively own 83.04% of the company’s stock.

Antero Resources (NYSE:AR - Get Free Report)'s stock had its "hold" rating restated by equities research analysts at Stifel Nicolaus in a report issued on Thursday, Benzinga reports. They currently have a $42.00 price objective on the oil and natural gas company's stock. Stifel Nicolaus' price objective suggests a potential upside of 7.19% from the stock's current price.

AR has been the topic of a number of other reports. UBS Group increased their price objective on shares of Antero Resources from $50.00 to $52.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Texas Capital raised shares of Antero Resources to a "strong-buy" rating in a report on Thursday, June 25th. Raymond James Financial increased 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. Wolfe Research restated an "outperform" rating and set a $48.00 price objective on shares of Antero Resources in a research report on Thursday, July 30th. Finally, Barclays reduced their price objective on Antero Resources from $46.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Monday, August 17th. Four research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $48.72.

Antero Resources Stock Up 0.3%

Antero Resources stock opened at $39.18 on Thursday. Antero Resources has a fifty-two week low of $29.10 and a fifty-two week high of $45.75. The firm has a market capitalization of $12.05 billion, a price-to-earnings ratio of 11.26 and a beta of 0.35. The stock's fifty day moving average is $36.29 and its two-hundred day moving average is $37.17. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.40 and a current ratio of 0.40.

Hedge Funds Weigh In On Antero Resources

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Eastern Bank purchased a new stake in shares of Antero Resources during the 2nd quarter valued at $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Antero Resources during the second quarter valued at about $29,000. Sunbelt Securities Inc. acquired a new stake in Antero Resources during the third quarter worth about $30,000. Rakuten Securities Inc. acquired a new stake in Antero Resources during the second quarter worth about $31,000. Finally, IFP Advisors Inc raised its holdings in shares of Antero Resources by 59.2% in the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company's stock worth $31,000 after purchasing an additional 345 shares during the period. Institutional investors and hedge funds own 83.04% of the company's stock.

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.

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