Antero Resources Corporation (NYSE:AR) Stock Has Average Price Target of $48.74

Key Points

• Analyst sentiment is moderately bullish: Antero Resources has a “Moderate Buy” consensus from 23 analysts—12 buy, five strong buy, and six hold ratings—with an average 12-month price target of $48.74.
• Recent analyst updates included higher price targets from Wells Fargo ($58), Raymond James ($55), and Benchmark ($47); Scotiabank initiated coverage with a “sector outperform” rating and a $46 target.
• Institutional investors own 83.04% of the stock. Shares opened at $36.14, within a 12-month range of $31.15 to $45.75.

Shares of Antero Resources Corporation (NYSE:AR - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the twenty-three ratings firms that are covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and five have issued a strong buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $48.74.

Several equities analysts have recently commented on the company. Wells Fargo & Company upped their target price on Antero Resources from $57.00 to $58.00 and gave the company an "overweight" rating in a research report on Friday, October 30th. Raymond James Financial increased their target price on Antero Resources from $50.00 to $55.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, September 1st. Weiss Ratings raised Antero Resources from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, October 27th. Benchmark boosted their price target on Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a research note on Wednesday, August 12th. Finally, Scotiabank assumed coverage on Antero Resources in a research note on Wednesday, October 14th. They issued a "sector outperform" rating and a $46.00 price target for the company.

Institutional Investors Weigh In On Antero Resources

A number of hedge funds and other institutional investors have recently modified their holdings of AR. Moors & Cabot Inc. increased its position in Antero Resources by 5.9% during the third quarter. Moors & Cabot Inc. now owns 9,673 shares of the oil and natural gas company's stock worth $323,000 after acquiring an additional 540 shares during the period. Allworth Financial LP raised its stake in Antero Resources by 3.1% in the 3rd quarter. Allworth Financial LP now owns 11,391 shares of the oil and natural gas company's stock worth $400,000 after purchasing an additional 347 shares in the last quarter. Eurizon Capital SGR S.p.A. raised its stake in Antero Resources by 11.0% in the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 3,139,845 shares of the oil and natural gas company's stock worth $105,011,000 after purchasing an additional 310,628 shares in the last quarter. Maryland State Retirement & Pension System boosted its holdings in Antero Resources by 22.1% in the 3rd quarter. Maryland State Retirement & Pension System now owns 17,954 shares of the oil and natural gas company's stock valued at $599,000 after purchasing an additional 3,249 shares during the period. Finally, Jacobi Capital Management LLC bought a new stake in Antero Resources in the 3rd quarter valued at about $38,000. Institutional investors and hedge funds own 83.04% of the company's stock.

Antero Resources Stock Down 0.7%

Antero Resources stock opened at $36.14 on Friday. The company's 50-day moving average price is $37.55 and its two-hundred day moving average price is $36.89. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.27. The stock has a market cap of $11.10 billion, a P/E ratio of 8.16 and a beta of 0.50. Antero Resources has a twelve month low of $31.15 and a twelve month high of $45.75.

About Antero Resources

Antero Resources Corporation is an independent energy company focused on acquiring, developing and producing natural gas, natural gas liquids and oil from unconventional reserves in the Appalachian Basin. Its operations are concentrated in the Marcellus Shale in West Virginia and the Utica Shale in Ohio.

The company's products include natural gas and natural gas liquids such as ethane, propane, butane and natural gasoline. Antero also markets and transports its production to customers, including users in domestic and international energy markets.

Founded in 2002, Antero Resources is headquartered in Denver, Colorado.

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