Antero Resources (NYSE:AR) Rating Improved
In analysts report revealed to investors and clients today, Guggenheim upgraded shares of Antero Resources (NYSE:AR) to “Buy” rating from “Neutral” rating.
The stock rating upgrade is well-received by stock investors, as NYSE:AR is now trading 1.32% higher at $23.88 as of 2:03 AM New York time. Antero Resources shares have [From2] 0% in the past 200 days, while the S&P500 has increased 13.63% for the same time.
According to data compiled by Thomson Reuters, Antero Resources (NYSE:AR)’s stock is covered by 28 equity analysts across the Street, with 2 analysts giving it a Sell rating, 13 a Buy rating, while 14 consider it a Hold. The 12-month consensus target price for the stock is $29.67, which reflects an upside potential of 24.25% over the current price.
Alpinvest Partners B.V. had the biggest stake with ownership of 508,533 shares as of Q2 2015 for 34.21% of the US long equity exposure. Warburg Pincus Llc is another bull as the active investment manager who is having 68.90 million shares of Antero Resources or 30.05% of their US long equity exposure. Furthermore, Yale University have 20.47% of their US long equity exposure invested in the company for 3.47 million shares. The California-based fund Sailingstone Capital Partners Llc disclosed it had purchased a stake worth about 13.25% of the active investment manager’s stock portfolio in Antero Resources. The New York-based fund Brave Warrior Advisors Llc is also positive about the stock, possessing 23.81 million shares or 12.01% of their US long equity exposure.
Antero Resources (NYSE:AR) Profile
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.
Antero Resources (NYSE:AR) traded up 1.32% on 16 March, hitting $23.88. A total of 3.30 million shares of the company’s stock traded hands. This is down from average of 3.44 million shares. Antero Resources has a 52 week low of $23.07 and a 52 week high of $30.66. The company has a market cap of $7.36 billion and a P/E ratio of 0.
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