Antero Resources (NYSE:AR) Stock Price Expected to Rise, UBS Group Analyst Says

Antero Resources (NYSE:AR) had its price target upped by UBS Group from $39.00 to $44.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the oil and natural gas company’s stock. UBS Group’s target price points to a potential upside of 11.63% from the company’s previous close.

Several other research firms have also recently weighed in on AR. The Goldman Sachs Group upped their price objective 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. Citigroup increased their price target on shares of Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Truist Financial raised their price objective on shares of Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Raymond James upped their target price on shares of Antero Resources from $44.00 to $60.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Barclays raised their price objective on Antero Resources from $30.00 to $36.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $39.31.

Antero Resources Stock Up 0.1 %

Shares of NYSE:AR opened at $39.42 on Thursday. The company has a market cap of $12.26 billion, a price-to-earnings ratio of 281.54 and a beta of 3.33. Antero Resources has a one year low of $20.56 and a one year high of $41.53. The firm has a fifty day moving average price of $36.09 and a two-hundred day moving average price of $31.04. 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 (NYSE:AR) last posted its quarterly earnings data on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.14. Antero Resources had a negative return on equity of 0.59% and a net margin of 1.03%. Analysts anticipate that Antero Resources will post -0.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Pinnacle Bancorp Inc. purchased a new position in shares of Antero Resources during the fourth quarter valued at about $28,000. True Wealth Design LLC bought a new position in Antero Resources in the third quarter worth $30,000. Spire Wealth Management purchased a new position in Antero Resources during the fourth quarter valued at $31,000. Capital Performance Advisors LLP purchased a new stake in shares of Antero Resources in the 3rd quarter worth about $45,000. Finally, Wilmington Savings Fund Society FSB increased its stake in shares of Antero Resources by 205.2% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company’s stock worth $48,000 after acquiring an additional 913 shares in the last quarter. 83.04% of the stock is currently 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.