Antero Resources (NYSE:AR) Price Target Raised to $47.00 at Benchmark

Key Points

• Benchmark raised Antero Resources’ price target to $47 from $44 and maintained a “buy” rating, implying approximately 24.35% upside from the stock’s current price.
• Analyst sentiment remains favorable, with the company receiving a “Moderate Buy” consensus rating and an average price target of $48.71 from MarketBeat-tracked analysts.
• Antero shares opened at $37.80 and were up 2.0%; institutional investors and hedge funds own approximately 83.04% of the company’s stock.

Antero Resources (NYSE:AR - Get Free Report) had its price objective boosted by analysts at Benchmark from $44.00 to $47.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the oil and natural gas company's stock. Benchmark's price target suggests a potential upside of 24.35% from the stock's current price.

Other equities analysts have also recently issued research reports about the company. Wolfe Research reaffirmed an "outperform" rating and set a $48.00 target price on shares of Antero Resources in a research note on Thursday, July 30th. Morgan Stanley cut their target price on shares of Antero Resources from $56.00 to $48.00 and set an "overweight" rating for the company in a research report on Monday, June 29th. Zacks Research downgraded shares of Antero Resources from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 26th. Mizuho lifted their price objective on Antero Resources from $54.00 to $57.00 and gave the company an "outperform" rating in a research report on Thursday, June 25th. Finally, Barclays boosted their target price on Antero Resources from $45.00 to $46.00 and gave the company an "equal weight" rating in a research note on Thursday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $48.71.

Antero Resources Trading Up 2.0%

Antero Resources stock opened at $37.80 on Wednesday. Antero Resources has a 52 week low of $29.10 and a 52 week high of $45.75. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market capitalization of $11.62 billion, a price-to-earnings ratio of 10.86 and a beta of 0.34. The company has a 50 day moving average price of $34.79 and a 200 day moving average price of $36.59.

Institutional Trading of Antero Resources

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Eastern Bank acquired a new position in Antero Resources in the 2nd quarter valued at $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Antero Resources in the second quarter valued at about $29,000. Sunbelt Securities Inc. acquired a new position in shares of Antero Resources during the 3rd quarter worth about $30,000. Rakuten Securities Inc. bought a new stake in Antero Resources during the 2nd quarter valued at approximately $31,000. Finally, IFP Advisors Inc grew its holdings in 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 valued at $31,000 after buying an additional 345 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company's stock.

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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