Stifel Nicolaus Reiterates “Hold” Rating for Antero Resources (NYSE:AR)

Antero Resources (NYSE:AR)‘s stock had its “hold” rating reissued by equities researchers at Stifel Nicolaus in a research note issued on Thursday, Benzinga reports. They presently have a $42.00 price objective on the oil and natural gas company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 7.19% from the stock’s previous close.

A number of other equities analysts have also commented on the stock. Citigroup cut their price objective on shares of Antero Resources from $53.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Weiss Ratings upgraded Antero Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, September 3rd. Zacks Research cut Antero Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Truist Financial dropped their price target on shares of Antero Resources from $56.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Finally, Barclays reduced their price objective on shares of Antero Resources from $46.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Monday, August 17th. Four analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $48.72.

Antero Resources Stock Performance

Shares of AR stock opened at $39.18 on Thursday. The company’s fifty day simple moving average is $36.29 and its 200-day simple moving average is $37.17. Antero Resources has a 52 week low of $29.10 and a 52 week high of $45.75. 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 $12.05 billion, a PE ratio of 11.26 and a beta of 0.35.

Hedge Funds Weigh In On Antero Resources

A number of large investors have recently bought and sold shares of AR. Sequoia Financial Advisors LLC boosted its stake in Antero Resources by 53.9% in the second quarter. Sequoia Financial Advisors LLC now owns 12,581 shares of the oil and natural gas company’s stock valued at $442,000 after acquiring an additional 4,406 shares during the period. SailingStone Capital Partners LLC grew its holdings in shares of Antero Resources by 62.2% during the second quarter. SailingStone Capital Partners LLC now owns 1,369,303 shares of the oil and natural gas company’s stock valued at $48,117,000 after purchasing an additional 525,037 shares during the last quarter. Engineers Gate Manager LP raised its position in shares of Antero Resources by 158.1% during the 2nd quarter. Engineers Gate Manager LP now owns 217,946 shares of the oil and natural gas company’s stock worth $7,659,000 after purchasing an additional 133,494 shares during the period. IFP Advisors Inc raised its position in shares of Antero Resources by 193.4% during the 2nd quarter. IFP Advisors Inc now owns 6,622 shares of the oil and natural gas company’s stock worth $233,000 after purchasing an additional 4,365 shares during the period. Finally, Mraz Amerine & Associates Inc. lifted its holdings in shares of Antero Resources by 4.5% in the 2nd quarter. Mraz Amerine & Associates Inc. now owns 162,114 shares of the oil and natural gas company’s stock worth $5,697,000 after purchasing an additional 6,960 shares during the last quarter. Institutional investors own 83.04% of the company’s stock.

Antero Resources Company Profile

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.