UBS Group Has Lowered Expectations for Antero Resources (NYSE:AR) Stock Price

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

Several other equities analysts have also weighed in on AR. Wells Fargo & Company cut their price objective on shares of Antero Resources from $25.00 to $24.00 and set an “underweight” rating on the stock in a research report on Friday, October 18th. Bank of America assumed coverage on shares of Antero Resources in a report on Monday, October 28th. They issued a “buy” rating and a $36.00 price objective for the company. Roth Mkm initiated coverage on Antero Resources in a report on Tuesday, August 27th. They set a “buy” rating and a $32.00 target price on the stock. Jefferies Financial Group boosted their price target on Antero Resources from $40.00 to $41.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Finally, Scotiabank raised Antero Resources from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $40.00 to $44.00 in a report on Tuesday, August 20th. Two equities research analysts have rated the stock with a sell rating, seven have given 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.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $32.83.

Antero Resources Stock Up 0.1 %

AR opened at $28.68 on Monday. The company has a market capitalization of $8.92 billion, a PE ratio of 204.82 and a beta of 3.36. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. Antero Resources has a fifty-two week low of $20.10 and a fifty-two week high of $36.28. The business has a 50-day moving average of $27.44 and a 200-day moving average of $30.15.

Institutional Trading of Antero Resources

A number of hedge funds have recently bought and sold shares of the stock. UMB Bank n.a. raised its position in shares of 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 buying an additional 686 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in 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 acquiring an additional 892 shares during the period. Capital Performance Advisors LLP bought a new position in Antero Resources during the third quarter valued at about $45,000. Mattson Financial Services LLC acquired a new position in Antero Resources in the 2nd quarter valued at approximately $64,000. Finally, GAMMA Investing LLC lifted its position in shares of Antero Resources by 27.8% in the 2nd quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock worth $98,000 after acquiring an additional 655 shares during the period. 83.04% of the stock is owned by institutional investors.

About Antero Resources

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.