UBS Group Forecasts Strong Price Appreciation for Antero Resources (NYSE:AR) Stock

Antero Resources (NYSE:AR) had its price target increased by UBS Group from $35.00 to $39.00 in a report released on Friday,Benzinga reports. The firm presently has a “neutral” rating on the oil and natural gas company’s stock. UBS Group’s price objective would indicate a potential downside of 3.69% from the stock’s current price.

AR has been the subject of several other reports. Wells Fargo & Company upgraded Antero Resources from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $24.00 to $32.00 in a report on Tuesday, December 17th. Citigroup increased their price objective 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. BMO Capital Markets upped their price target on Antero Resources from $33.00 to $34.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. Benchmark reissued a “hold” rating on shares of Antero Resources in a research report on Friday. Finally, Barclays decreased their price objective 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $36.88.

Antero Resources Stock Down 0.2 %

AR opened at $40.50 on Friday. The business’s fifty day simple moving average is $33.65 and its 200 day simple moving average is $30.10. Antero Resources has a 52 week low of $20.56 and a 52 week high of $40.93. The firm has a market cap of $12.60 billion, a P/E ratio of 289.26 and a beta of 3.37. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23.

Institutional Trading of Antero Resources

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC increased its position in shares of Antero Resources by 83.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 26,467 shares of the oil and natural gas company’s stock valued at $928,000 after purchasing an additional 12,062 shares during the period. Viking Fund Management LLC increased its holdings in shares of Antero Resources by 40.0% in the fourth quarter. Viking Fund Management LLC now owns 140,000 shares of the oil and natural gas company’s stock valued at $4,907,000 after buying an additional 40,000 shares in the last quarter. Atomi Financial Group Inc. grew its holdings in shares of Antero Resources by 6.4% in the 4th quarter. Atomi Financial Group Inc. now owns 9,261 shares of the oil and natural gas company’s stock worth $325,000 after acquiring an additional 559 shares during the last quarter. Ballentine Partners LLC purchased a new stake in shares of Antero Resources during the fourth quarter valued at $205,000. Finally, UMB Bank n.a. increased its stake in Antero Resources by 59.6% in the 4th 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 in 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.