Antero Resources (NYSE:AR) Given a $22.00 Price Target at Cowen

Antero Resources (NYSE:AR) has been assigned a $22.00 price target by analysts at Cowen in a research note issued to investors on Thursday, January 18th. The brokerage currently has a “hold” rating on the oil and natural gas company’s stock. Cowen’s target price indicates a potential upside of 28.58% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Stifel Nicolaus set a $21.00 target price on shares of Antero Resources and gave the company a “hold” rating in a report on Thursday, October 5th. Jefferies Group began coverage on shares of Antero Resources in a research report on Monday, October 9th. They set a “hold” rating and a $21.00 target price for the company. BMO Capital Markets reiterated a “buy” rating on shares of Antero Resources in a research report on Friday, September 22nd. Howard Weil lowered shares of Antero Resources from an “outperform” rating to a “sector perform” rating and set a $26.00 price objective for the company. in a research report on Thursday, September 21st. Finally, Robert W. Baird set a $38.00 price objective on shares of Antero Resources and gave the company a “buy” rating in a research report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Antero Resources has an average rating of “Hold” and an average target price of $25.28.

Shares of Antero Resources (AR) traded up $0.09 on Thursday, hitting $17.11. 5,466,739 shares of the stock were exchanged, compared to its average volume of 3,660,000. Antero Resources has a 52-week low of $16.31 and a 52-week high of $26.09. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $5,400.00, a price-to-earnings ratio of -15.01, a price-to-earnings-growth ratio of 2.90 and a beta of 0.93.

In related news, insider K. Phil Yoo sold 10,865 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $19.25, for a total value of $209,151.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 9.20% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in the company. Baupost Group LLC MA lifted its position in Antero Resources by 12.9% in the third quarter. Baupost Group LLC MA now owns 23,912,257 shares of the oil and natural gas company’s stock valued at $475,854,000 after buying an additional 2,741,261 shares during the last quarter. Vanguard Group Inc. lifted its position in Antero Resources by 6.5% in the second quarter. Vanguard Group Inc. now owns 17,760,019 shares of the oil and natural gas company’s stock valued at $383,794,000 after buying an additional 1,091,065 shares during the last quarter. BlackRock Inc. lifted its position in Antero Resources by 1.0% in the fourth quarter. BlackRock Inc. now owns 11,866,714 shares of the oil and natural gas company’s stock valued at $225,469,000 after buying an additional 122,303 shares during the last quarter. Sound Shore Management Inc. CT lifted its position in Antero Resources by 5.6% in the third quarter. Sound Shore Management Inc. CT now owns 9,932,900 shares of the oil and natural gas company’s stock valued at $197,665,000 after buying an additional 526,500 shares during the last quarter. Finally, State Street Corp lifted its position in Antero Resources by 13.6% in the second quarter. State Street Corp now owns 8,187,581 shares of the oil and natural gas company’s stock valued at $176,939,000 after buying an additional 978,883 shares during the last quarter. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

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About Antero Resources

Antero Resources Corporation is an oil and natural gas company. The Company is engaged in the exploration, development and acquisition of natural gas, natural gas liquids (NGLs) and oil properties located in the Appalachian Basin. The Company’s segments include the exploration, development and production of natural gas, NGLs and oil; gathering and processing; water handling and treatment, and marketing of excess firm transportation capacity.

Analyst Recommendations for Antero Resources (NYSE:AR)

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