Antero Resources Corporation (NYSE:AR) Stock Has Average Price Target of $48.11 According to Analysts

Key Points

• Analysts hold a “Moderate Buy” consensus on Antero Resources, with 11 buy, four strong-buy, and seven hold ratings. The average 12-month price target is $48.11, above the reported share price of $37.56.
• Recent analyst actions were mixed: Goldman Sachs raised its target to $48 with a buy rating, while Barclays, Jefferies, and Weiss Ratings lowered targets or ratings; Stifel initiated coverage with a hold rating.
• Institutional investors own 83.04% of the stock, and several hedge funds increased their positions during the third quarter. Antero operates in the Appalachian Basin, producing natural gas, NGLs, and crude oil from the Marcellus and Utica formations.

Antero Resources Corporation (NYSE:AR - Get Free Report) has earned an average recommendation of "Moderate Buy" from the twenty-two brokerages that are covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and four have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $48.11.

AR has been the subject of several analyst reports. Barclays dropped their price objective on Antero Resources from $46.00 to $45.00 and set an "equal weight" rating for the company in a report on Monday, August 17th. The Goldman Sachs Group upped their target price on 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 initiated coverage on Antero Resources in a report on Thursday, September 10th. They set a "hold" rating and a $42.00 target price on the stock. Weiss Ratings downgraded Antero Resources from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday. Finally, Jefferies Financial Group dropped their price target on Antero Resources from $60.00 to $56.00 and set a "buy" rating for the company in a research note on Friday, October 2nd.

Hedge Funds Weigh In On Antero Resources

Hedge funds have recently bought and sold shares of the company. Krilogy Financial LLC lifted its holdings in shares of Antero Resources by 73.5% during the 3rd quarter. Krilogy Financial LLC now owns 33,505 shares of the oil and natural gas company's stock worth $1,225,000 after acquiring an additional 14,192 shares during the period. NorthCrest Asset Manangement LLC boosted its position in shares of Antero Resources by 42.9% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 26,338 shares of the oil and natural gas company's stock worth $950,000 after acquiring an additional 7,902 shares in the last quarter. Riversedge Advisors LLC boosted its position in shares of Antero Resources by 90.6% during the 3rd quarter. Riversedge Advisors LLC now owns 12,787 shares of the oil and natural gas company's stock worth $427,000 after acquiring an additional 6,077 shares in the last quarter. LifeGoal Investments LLC acquired a new stake in shares of Antero Resources during the 3rd quarter worth approximately $262,000. Finally, GAMMA Investing LLC increased its stake in Antero Resources by 19.3% in the third quarter. GAMMA Investing LLC now owns 10,204 shares of the oil and natural gas company's stock valued at $341,000 after acquiring an additional 1,648 shares during the last quarter. 83.04% of the stock is owned by institutional investors.

Antero Resources Stock Up 2.7%

NYSE AR opened at $37.56 on Wednesday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.29. The company has a market cap of $11.55 billion, a price-to-earnings ratio of 10.79 and a beta of 0.54. The company has a 50 day moving average of $36.81 and a 200-day moving average of $36.60. Antero Resources has a 1-year low of $29.10 and a 1-year high of $45.75.

About Antero Resources

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.

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