Antero Resources (NYSE:AR) Research Coverage Started at Stifel Nicolaus

Stifel Nicolaus assumed coverage on shares of Antero Resources (NYSE:AR) in a research report released on Thursday, MarketBeat.com reports. The firm issued a hold rating and a $42.00 price objective on the oil and natural gas company’s stock.

Other equities research analysts have also issued reports about the stock. Truist Financial dropped their price objective on shares of Antero Resources from $56.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Wolfe Research reaffirmed an “outperform” rating and issued a $48.00 price objective on shares of Antero Resources in a research report on Thursday, July 30th. Weiss Ratings raised shares of Antero Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, September 3rd. Texas Capital upgraded Antero Resources to a “strong-buy” rating in a report on Thursday, June 25th. Finally, Mizuho lifted their price target on Antero Resources from $54.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Four analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the 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 $38.43 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market capitalization of $11.81 billion, a P/E ratio of 11.04 and a beta of 0.35. The company’s 50 day moving average price is $36.43 and its two-hundred day moving average price is $37.20. Antero Resources has a 52 week low of $29.10 and a 52 week high of $45.75.

Institutional Trading of Antero Resources

Institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of Antero Resources during the 2nd quarter worth about $966,982,000. California State Teachers Retirement System grew its holdings in shares of Antero Resources by 3,427.9% in the 2nd quarter. California State Teachers Retirement System now owns 11,957,720 shares of the oil and natural gas company’s stock valued at $420,194,000 after acquiring an additional 11,618,775 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Antero Resources in the second quarter valued at about $106,063,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Antero Resources in the second quarter valued at about $100,212,000. Finally, Palo Duro Investment Partners LP bought a new stake in Antero Resources during the second quarter worth about $95,985,000. Institutional investors own 83.04% of the company’s stock.

Antero Resources Company Profile

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.