Antero Resources (NYSE:AR) Raised to “Sell” at StockNews.com

Antero Resources (NYSE:AR) was upgraded by investment analysts at StockNews.com to a “sell” rating in a research note issued on Friday.

Several other analysts have also recently commented on AR. Morgan Stanley decreased their target price on Antero Resources from $39.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. JPMorgan Chase & Co. lowered their target price on Antero Resources from $37.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, September 12th. Truist Financial dropped their target price on Antero Resources from $29.00 to $28.00 and set a “hold” rating on the stock in a report on Monday, September 30th. UBS Group raised their price target on shares of Antero Resources from $31.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, December 9th. Finally, Raymond James upped their price objective on shares of Antero Resources from $34.00 to $44.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Antero Resources has a consensus rating of “Moderate Buy” and a consensus price target of $34.78.

Antero Resources Trading Down 1.8 %

Shares of AR stock traded down $0.63 during trading hours on Friday, reaching $34.94. 4,040,633 shares of the stock traded hands, compared to its average volume of 4,008,216. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $10.87 billion, a PE ratio of 249.57 and a beta of 3.37. Antero Resources has a 1-year low of $20.56 and a 1-year high of $36.28. The business has a fifty day moving average price of $31.45 and a 200 day moving average price of $29.72.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Acadian Asset Management LLC increased its holdings in Antero Resources by 7,781.2% in the 2nd quarter. Acadian Asset Management LLC now owns 953,859 shares of the oil and natural gas company’s stock valued at $31,113,000 after buying an additional 941,756 shares during the period. HITE Hedge Asset Management LLC boosted its position in shares of Antero Resources by 537.2% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 954,685 shares of the oil and natural gas company’s stock valued at $27,352,000 after acquiring an additional 804,851 shares in the last quarter. Wellington Management Group LLP increased its stake in Antero Resources by 4.0% in the third quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company’s stock valued at $500,231,000 after acquiring an additional 675,053 shares during the period. Kailix Advisors LLC acquired a new position in Antero Resources in the third quarter worth about $17,327,000. Finally, Driehaus Capital Management LLC bought a new position in Antero Resources during the second quarter worth about $17,307,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

About Antero Resources

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.