The Goldman Sachs Group Forecasts Strong Price Appreciation for Antero Resources (NYSE:AR) Stock

Key Points

• Goldman Sachs raised Antero Resources’ price target from $42 to $48 and maintained a “buy” rating, implying roughly 20% upside from the stock’s reported $39.99 price.
• Analyst sentiment is broadly positive: Antero has a “Moderate Buy” consensus rating and an average target price of $49.12, with four Strong Buy, eleven Buy, and six Hold ratings.
• Antero Resources focuses on natural gas, NGLs, and oil production in the Appalachian Basin, controlling approximately 1.8 million net acres; institutional investors own about 83% of its shares.

Antero Resources (NYSE:AR - Get Free Report) had its price target boosted by investment analysts at The Goldman Sachs Group from $42.00 to $48.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a "buy" rating on the oil and natural gas company's stock. The Goldman Sachs Group's price target points to a potential upside of 20.02% from the stock's current price.

A number of other equities analysts also recently commented on AR. Truist Financial lowered their price objective on Antero Resources from $56.00 to $52.00 and set a "buy" rating for the company in a research report on Thursday, July 9th. Raymond James Financial raised their price objective on Antero Resources from $50.00 to $55.00 and gave the stock a "strong-buy" rating in a report on Tuesday. Wolfe Research restated an "outperform" rating and set a $48.00 target price on shares of Antero Resources in a research report on Thursday, July 30th. Wells Fargo & Company upped their price target on shares of Antero Resources from $52.00 to $57.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. Finally, Texas Capital upgraded shares of Antero Resources to a "strong-buy" rating in a research note on Thursday, June 25th. Four research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $49.12.

Antero Resources Trading Up 0.5%

Antero Resources stock traded up $0.18 during mid-day trading on Wednesday, hitting $39.99. The company's stock had a trading volume of 1,025,207 shares, compared to its average volume of 5,262,528. The firm has a market capitalization of $12.30 billion, a PE ratio of 11.49 and a beta of 0.35. 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 1 year low of $29.10 and a 1 year high of $45.75. The stock's fifty day moving average is $35.73 and its two-hundred day moving average is $36.95.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Eastern Bank purchased a new stake in Antero Resources in the 2nd quarter valued at about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Antero Resources in the 2nd quarter valued at $29,000. Rakuten Securities Inc. acquired a new stake in shares of Antero Resources in the second quarter valued at about $31,000. Sunbelt Securities Inc. purchased a new stake in shares of Antero Resources during the third quarter valued at approximately $30,000. Finally, IFP Advisors Inc lifted its position in shares of Antero Resources by 59.2% during the third 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 in the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

About Antero Resources

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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