TD Cowen Upgrades Antero Resources (NYSE:AR) to Strong-Buy

Antero Resources (NYSE:AR) was upgraded by stock analysts at TD Cowen to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Several other analysts have also weighed in on AR. Wells Fargo & Company raised their price objective on Antero Resources from $39.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday, December 12th. Benchmark restated a “hold” rating on shares of Antero Resources in a research note on Thursday, January 15th. Wall Street Zen cut shares of Antero Resources from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Roth Mkm reissued a “neutral” rating and issued a $36.00 price objective on shares of Antero Resources in a research note on Monday, December 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Antero Resources in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $45.60.

Antero Resources Stock Performance

NYSE AR opened at $33.82 on Monday. The firm’s 50 day simple moving average is $34.20 and its 200 day simple moving average is $33.34. The firm has a market capitalization of $10.43 billion, a price-to-earnings ratio of 17.99 and a beta of 0.55. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.17. Antero Resources has a 1 year low of $29.10 and a 1 year high of $44.01.

Hedge Funds Weigh In On Antero Resources

Several large investors have recently modified their holdings of AR. NewEdge Advisors LLC grew its stake in shares of Antero Resources by 16,498.3% in the first quarter. NewEdge Advisors LLC now owns 9,627 shares of the oil and natural gas company’s stock worth $389,000 after purchasing an additional 9,569 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Antero Resources by 7.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 590,555 shares of the oil and natural gas company’s stock worth $23,882,000 after buying an additional 43,312 shares during the period. Focus Partners Wealth grew its position in shares of Antero Resources by 18.9% in the 1st quarter. Focus Partners Wealth now owns 19,921 shares of the oil and natural gas company’s stock valued at $806,000 after buying an additional 3,169 shares during the last quarter. Blair William & Co. IL increased its stake in shares of Antero Resources by 16.9% in the second quarter. Blair William & Co. IL now owns 46,587 shares of the oil and natural gas company’s stock valued at $1,877,000 after buying an additional 6,731 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its stake in shares of Antero Resources by 9.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 29,641 shares of the oil and natural gas company’s stock valued at $1,194,000 after buying an additional 2,527 shares during the period. 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.