Antero Resources (NYSE:AR) Given New $31.00 Price Target at UBS Group

Antero Resources (NYSE:AR) had its target price trimmed by UBS Group from $33.00 to $31.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a neutral rating on the oil and natural gas company’s stock.

Several other research analysts have also recently issued reports on the company. Citigroup started coverage on Antero Resources in a research note on Tuesday, September 17th. They issued a “neutral” rating and a $29.00 price target for the company. Barclays lowered their target price on shares of Antero Resources from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. Jefferies Financial Group upped their price target on shares of Antero Resources from $40.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. JPMorgan Chase & Co. lowered their price objective on shares of Antero Resources from $37.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, September 12th. Finally, Truist Financial cut their target price on Antero Resources from $29.00 to $28.00 and set a “hold” rating for the company in a research report on Monday, September 30th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Antero Resources presently has an average rating of “Moderate Buy” and an average target price of $32.83.

Antero Resources Stock Performance

Shares of NYSE AR opened at $28.68 on Monday. Antero Resources has a 12-month low of $20.10 and a 12-month high of $36.28. The company has a market cap of $8.92 billion, a PE ratio of 204.82 and a beta of 3.36. The stock has a 50 day simple moving average of $27.44 and a 200-day simple moving average of $30.15. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23.

Institutional Investors Weigh In On Antero Resources

Large investors have recently made changes to their positions in the company. Chickasaw Capital Management LLC grew its position in Antero Resources by 5.5% during the 3rd 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 in the last quarter. Confluence Investment Management LLC grew its holdings in shares of Antero Resources by 3.4% during the second quarter. Confluence Investment Management LLC now owns 18,499 shares of the oil and natural gas company’s stock valued at $604,000 after buying an additional 616 shares in the last quarter. GAMMA Investing LLC raised its position in Antero Resources by 27.8% during the second quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock valued at $98,000 after buying an additional 655 shares during the period. Wedmont Private Capital lifted its stake in Antero Resources by 4.2% in the 3rd quarter. Wedmont Private Capital now owns 16,906 shares of the oil and natural gas company’s stock worth $505,000 after acquiring an additional 681 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in Antero Resources by 357.3% during the 3rd quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock worth $25,000 after acquiring an additional 686 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.