Antero Resources (NYSE:AR) Now Covered by Analysts at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Antero Resources (NYSE:AR – Get Rating) in a note issued to investors on Thursday. The brokerage set a “hold” rating on the oil and natural gas company’s stock.

Several other equities research analysts have also weighed in on AR. TheStreet lowered Antero Resources from a “b-” rating to a “c” rating in a research report on Wednesday, February 15th. Raymond James lowered Antero Resources from an “outperform” rating to a “market perform” rating in a research report on Monday, February 6th. Wells Fargo & Company began coverage on Antero Resources in a research report on Tuesday, January 24th. They issued an “overweight” rating and a $34.00 target price on the stock. Mizuho lowered their price target on Antero Resources from $51.00 to $38.00 in a report on Friday, March 10th. Finally, Tudor Pickering lowered Antero Resources from a “buy” rating to a “hold” rating in a report on Wednesday, November 30th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $40.90.

Antero Resources Stock Performance

Shares of AR opened at $22.01 on Thursday. The business’s fifty day moving average price is $27.45 and its 200 day moving average price is $32.39. Antero Resources has a 12-month low of $21.37 and a 12-month high of $48.80. The stock has a market capitalization of $6.50 billion, a PE ratio of 3.78 and a beta of 3.48. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.44 and a quick ratio of 0.44.

Institutional Investors Weigh In On Antero Resources

Hedge funds and other institutional investors have recently made changes to their positions in the company. BDO Wealth Advisors LLC purchased a new stake in shares of Antero Resources during the 2nd quarter worth about $31,000. CoreCap Advisors LLC bought a new position in shares of Antero Resources in the 2nd quarter valued at approximately $32,000. SeaCrest Wealth Management LLC bought a new position in shares of Antero Resources in the 2nd quarter valued at approximately $37,000. CWM LLC raised its stake in shares of Antero Resources by 65.5% in the 4th quarter. CWM LLC now owns 1,362 shares of the oil and natural gas company’s stock valued at $42,000 after acquiring an additional 539 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its stake in shares of Antero Resources by 2,883.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,611 shares of the oil and natural gas company’s stock valued at $50,000 after acquiring an additional 1,557 shares in the last quarter. 77.78% of the stock is owned by hedge funds and other institutional investors.

About Antero Resources

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Antero Resources Corp. engages in the development, production, exploration and acquisition of natural gas. It operates through the following segments: Exploration and Production, Marketing, and Equity Method Investment in Antero Midstream. The Exploration and Production segment deals with the development and production of natural gas, NGLs, and oil.