Antero Resources (NYSE:AR) Stock Price Target Raised at Truist Financial

Antero Resources (NYSE:AR) had its price objective upped by research analysts at Truist Financial from $46.00 to $52.00 in a report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the oil and natural gas company’s stock. Truist Financial‘s price target indicates a potential upside of 23.58% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on AR. The Goldman Sachs Group boosted their target price on shares of Antero Resources from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, September 2nd. Benchmark raised their price target on shares of Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Raymond James Financial lifted their price objective on shares of Antero Resources from $50.00 to $55.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, September 1st. Morgan Stanley boosted their price objective on shares of Antero Resources from $49.00 to $51.00 and gave the company an “overweight” rating in a report on Thursday, October 15th. Finally, Wells Fargo & Company increased their target price on shares of Antero Resources from $52.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Five investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $48.42.

Antero Resources Stock Performance

AR stock traded up $0.88 during midday trading on Friday, reaching $42.08. 1,488,728 shares of the company were exchanged, compared to its average volume of 5,071,228. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.40 and a quick ratio of 0.40. The business has a 50-day moving average price of $37.47 and a two-hundred day moving average price of $36.70. Antero Resources has a one year low of $30.11 and a one year high of $45.75. The firm has a market capitalization of $12.94 billion, a price-to-earnings ratio of 9.51 and a beta of 0.54.

Institutional Trading of Antero Resources

Large investors have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund increased its position in Antero Resources by 4.6% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 63,653 shares of the oil and natural gas company’s stock worth $2,125,000 after purchasing an additional 2,800 shares in the last quarter. Greenfield Seitz Capital Management LLC boosted its holdings in shares of Antero Resources by 3.6% during the 3rd quarter. Greenfield Seitz Capital Management LLC now owns 378,613 shares of the oil and natural gas company’s stock valued at $12,642,000 after acquiring an additional 13,019 shares in the last quarter. Vise Technologies Inc. bought a new stake in Antero Resources during the 3rd quarter worth $283,000. Americana Partners LLC bought a new stake in Antero Resources during the 3rd quarter worth $324,000. Finally, Parcion Private Wealth LLC increased its holdings in Antero Resources by 122.2% in the 3rd quarter. Parcion Private Wealth LLC now owns 20,224 shares of the oil and natural gas company’s stock worth $675,000 after purchasing an additional 11,123 shares in the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

About Antero Resources

Antero Resources Corporation is an independent energy company engaged in the development, production, exploration and acquisition of natural gas, natural gas liquids (NGLs) and oil. The company’s operations are focused primarily on the Appalachian Basin in the United States.

Antero Resources holds extensive interests in the Marcellus and Utica shale formations, with drilling and production activities concentrated in West Virginia and Ohio. Its product portfolio includes natural gas, ethane, propane, butane, natural gasoline and oil or condensate, which are marketed to domestic and international energy customers.

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