Union Bancaire Privee UBP SA Invests $876,000 in Antero Resources Co. (NYSE:AR)

Union Bancaire Privee UBP SA acquired a new position in Antero Resources Co. (NYSE:AR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 26,908 shares of the oil and natural gas company’s stock, valued at approximately $876,000.

Other hedge funds have also recently made changes to their positions in the company. UMB Bank n.a. raised its holdings 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 valued at $25,000 after buying an additional 686 shares during the last quarter. Pinnacle Bancorp Inc. bought a new stake in Antero Resources during the 4th quarter valued at $28,000. True Wealth Design LLC bought a new stake in Antero Resources during the 3rd quarter valued at $30,000. Capital Performance Advisors LLP bought a new stake in Antero Resources during the 3rd quarter valued at $45,000. Finally, Mattson Financial Services LLC bought a new stake in Antero Resources during the 2nd quarter valued at $64,000. 83.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AR shares. The Goldman Sachs Group raised their target price on shares of Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. BMO Capital Markets raised their target price on shares of Antero Resources from $33.00 to $34.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Barclays dropped 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 report on Thursday, October 3rd. Truist Financial raised their target price on shares of Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Finally, Raymond James increased their price target on shares of Antero Resources from $44.00 to $60.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Antero Resources has an average rating of “Moderate Buy” and an average price target of $38.63.

Antero Resources Stock Up 2.6 %

NYSE:AR opened at $37.29 on Wednesday. The firm has a 50-day simple moving average of $34.78 and a two-hundred day simple moving average of $30.41. Antero Resources Co. has a fifty-two week low of $20.56 and a fifty-two week high of $41.53. The firm has a market cap of $11.60 billion, a P/E ratio of 266.38 and a beta of 3.37. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28.

Antero Resources 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.