Antero Resources (NYSE:AR) Price Target Raised to $39.00 at UBS Group

Antero Resources (NYSE:AR) had its price target lifted by equities researchers at UBS Group from $35.00 to $39.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the oil and natural gas company’s stock. UBS Group’s price target points to a potential downside of 3.25% from the stock’s current price.

AR has been the subject of a number of other research reports. Barclays dropped their price target on shares of Antero Resources from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Raymond James increased their price target on shares of Antero Resources from $34.00 to $44.00 and gave the company a “strong-buy” rating in a research report on Thursday, November 21st. StockNews.com upgraded shares of Antero Resources to a “sell” rating in a report on Thursday. Wells Fargo & Company upgraded shares of Antero Resources from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $24.00 to $32.00 in a report on Tuesday, December 17th. Finally, Citigroup upped their price objective on shares of Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $36.59.

Antero Resources Price Performance

AR stock traded down $0.26 during midday trading on Friday, reaching $40.31. The company had a trading volume of 3,352,683 shares, compared to its average volume of 5,272,315. Antero Resources has a 1 year low of $20.56 and a 1 year high of $40.93. The company has a market capitalization of $12.54 billion, a P/E ratio of 287.84 and a beta of 3.37. The firm has a 50-day moving average price of $33.43 and a 200-day moving average price of $30.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28.

Institutional Investors Weigh In On Antero Resources

Large investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its position in Antero Resources by 15.8% in the fourth quarter. GAMMA Investing LLC now owns 3,064 shares of the oil and natural gas company’s stock worth $107,000 after purchasing an additional 418 shares during the last quarter. Icon Wealth Advisors LLC boosted its position in Antero Resources by 5.8% in the third quarter. Icon Wealth Advisors LLC now owns 8,459 shares of the oil and natural gas company’s stock worth $242,000 after purchasing an additional 460 shares during the last quarter. Chickasaw Capital Management LLC boosted its position in Antero Resources by 5.5% in the third quarter. Chickasaw Capital Management LLC now owns 9,540 shares of the oil and natural gas company’s stock worth $273,000 after purchasing an additional 500 shares during the last quarter. UMB Bank n.a. boosted its position in Antero Resources by 59.6% in the fourth quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company’s stock worth $49,000 after purchasing an additional 523 shares during the last quarter. Finally, Atomi Financial Group Inc. boosted its position in Antero Resources by 6.4% in the fourth quarter. Atomi Financial Group Inc. now owns 9,261 shares of the oil and natural gas company’s stock worth $325,000 after purchasing an additional 559 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors.

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.