Analysts Set Antero Resources Corporation (NYSE:AR) PT at $49.06

Shares of Antero Resources Corporation (NYSE:AR) have earned a consensus rating of “Moderate Buy” from the twenty-two brokerages that are currently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and four have issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $49.0556.

Several equities research analysts recently weighed in on AR shares. Morgan Stanley restated an “overweight” rating and set a $49.00 target price on shares of Antero Resources in a report on Wednesday, August 19th. Benchmark lifted their price target on Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Wolfe Research reiterated an “outperform” rating and issued a $48.00 price objective on shares of Antero Resources in a research report on Thursday, July 30th. UBS Group increased their price objective on Antero Resources from $52.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, September 14th. Finally, JPMorgan Chase & Co. cut their target price on shares of Antero Resources from $49.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, July 8th.

Institutional Investors Weigh In On Antero Resources

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Antero Resources in the second quarter valued at about $966,982,000. Dimensional Fund Advisors LP boosted its holdings in shares of Antero Resources by 12.7% during the first quarter. Dimensional Fund Advisors LP now owns 10,239,070 shares of the oil and natural gas company’s stock worth $434,597,000 after purchasing an additional 1,153,422 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Antero Resources by 177.4% during the first quarter. Assenagon Asset Management S.A. now owns 3,611,248 shares of the oil and natural gas company’s stock worth $153,261,000 after purchasing an additional 2,309,388 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Antero Resources by 12.2% in the first quarter. Bank of New York Mellon Corp now owns 3,478,218 shares of the oil and natural gas company’s stock worth $147,616,000 after purchasing an additional 377,010 shares during the last quarter. Finally, Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Antero Resources in the second quarter worth about $100,212,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Stock Down 2.8%

Shares of NYSE:AR opened at $33.88 on Friday. The stock has a market capitalization of $10.42 billion, a P/E ratio of 9.74 and a beta of 0.35. The stock’s 50-day moving average price is $36.63 and its 200-day moving average price is $37.24. 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 12-month low of $29.10 and a 12-month high of $45.75.

About Antero Resources

Antero Resources Corporation (NYSE: AR) is an independent oil and natural gas exploration and production company. Its operations are focused primarily on developing unconventional reserves in the Appalachian Basin, where it produces natural gas, natural gas liquids (NGLs) and oil.

The company’s core properties are located in the Marcellus and Utica shale plays of West Virginia and Ohio. Its products include natural gas and NGLs such as ethane, propane, butane and natural gasoline, which are marketed to customers in domestic and international energy markets.

Founded in 2002 and headquartered in Denver, Colorado, Antero Resources became a publicly traded company in 2013.