Antero Resources (NYSE:AR) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Antero Resources (NYSE:AR) from an equal weight rating to an overweight rating in a research report sent to investors on Monday morning, MarketBeat reports. The brokerage currently has $39.00 target price on the oil and natural gas company’s stock.

AR has been the subject of a number of other research reports. Mizuho dropped their price objective on shares of Antero Resources from $49.00 to $41.00 and set an “outperform” rating for the company in a report on Monday, September 15th. Roth Capital downgraded shares of Antero Resources from a “buy” rating to a “neutral” rating and decreased their target price for the company from $44.00 to $32.00 in a research report on Monday, August 18th. Weiss Ratings reissued a “hold (c-)” rating on shares of Antero Resources in a research report on Wednesday, October 8th. Zacks Research downgraded shares of Antero Resources from a “hold” rating to a “strong sell” rating in a research report on Monday, October 13th. Finally, Jefferies Financial Group decreased their target price on shares of Antero Resources from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $44.00.

Antero Resources Stock Down 0.4%

AR stock opened at $32.81 on Monday. The firm has a 50-day moving average price of $32.58 and a 200-day moving average price of $35.11. The stock has a market capitalization of $10.12 billion, a P/E ratio of 17.45 and a beta of 0.62. Antero Resources has a 12 month low of $27.52 and a 12 month high of $44.01. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.15.

Institutional Trading of Antero Resources

Hedge funds have recently bought and sold shares of the business. SVB Wealth LLC acquired a new stake in Antero Resources in the 1st quarter valued at $26,000. Huntington National Bank grew its position in Antero Resources by 91.3% in the 2nd quarter. Huntington National Bank now owns 656 shares of the oil and natural gas company’s stock valued at $26,000 after purchasing an additional 313 shares during the period. Root Financial Partners LLC acquired a new stake in Antero Resources in the 3rd quarter valued at $26,000. Newbridge Financial Services Group Inc. grew its position in Antero Resources by 114.2% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 938 shares of the oil and natural gas company’s stock valued at $38,000 after purchasing an additional 500 shares during the period. Finally, FNY Investment Advisers LLC grew its position in Antero Resources by 9,900.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 1,500 shares of the oil and natural gas company’s stock valued at $60,000 after purchasing an additional 1,485 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Company Profile

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.