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

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

AR has been the topic of several other reports. Benchmark reaffirmed a “hold” rating on shares of Antero Resources in a report on Friday. BMO Capital Markets upped their price target on shares of Antero Resources from $33.00 to $34.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. Mizuho lifted their price objective on shares of Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Raymond James upped their target price 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. Finally, Bank of America began coverage on shares of Antero Resources in a report on Monday, October 28th. They issued a “buy” rating and a $36.00 price target for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Antero Resources has an average rating of “Moderate Buy” and a consensus price target of $36.59.

Antero Resources Price Performance

Shares of AR stock traded down $0.26 during trading hours on Friday, hitting $40.31. The stock had a trading volume of 3,352,683 shares, compared to its average volume of 5,272,315. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market capitalization of $12.54 billion, a price-to-earnings ratio of 287.84 and a beta of 3.37. Antero Resources has a one year low of $20.56 and a one year high of $40.93. The stock’s 50-day moving average price is $33.43 and its two-hundred day moving average price is $30.06.

Institutional Trading of Antero Resources

Several institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC lifted its position in shares of Antero Resources by 15.8% during 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 lifted its position in shares of Antero Resources by 5.8% during 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 lifted its position in shares of Antero Resources by 5.5% during 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. lifted its position in shares of Antero Resources by 59.6% during 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. lifted its position in shares of Antero Resources by 6.4% during 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.