UBS Group Issues Pessimistic Forecast for Antero Resources (NYSE:AR) Stock Price

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

Several other brokerages have also issued reports on AR. Bank of America started coverage on Antero Resources in a report on Monday, October 28th. They set a “buy” rating and a $36.00 price target for the company. Barclays reduced their target price on shares of Antero Resources from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, October 3rd. Truist Financial dropped their price target on shares of Antero Resources from $29.00 to $28.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. Morgan Stanley reduced their price objective on shares of Antero Resources from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Finally, Wolfe Research raised shares of Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 target price on the stock in a research report on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $32.83.

Antero Resources Price Performance

Shares of NYSE:AR opened at $28.65 on Monday. The firm has a market cap of $8.91 billion, a price-to-earnings ratio of 204.64 and a beta of 3.36. Antero Resources has a 1 year low of $20.10 and a 1 year high of $36.28. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The business has a fifty day simple moving average of $27.40 and a 200 day simple moving average of $30.16.

Institutional Investors Weigh In On Antero Resources

Hedge funds have recently made changes to their positions in the stock. UMB Bank n.a. increased its stake in Antero Resources by 357.3% during the third quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock valued at $25,000 after acquiring an additional 686 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Antero Resources by 1,311.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock valued at $28,000 after purchasing an additional 892 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Antero Resources during the third quarter valued at approximately $45,000. Mattson Financial Services LLC acquired a new position in shares of Antero Resources in the second quarter valued at $64,000. Finally, GAMMA Investing LLC lifted its position in Antero Resources by 27.8% in the second quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock worth $98,000 after purchasing an additional 655 shares during the period. Institutional investors 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.