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

Antero Resources (NYSE:AR) had its price objective hoisted by analysts at UBS Group from $39.00 to $44.00 in a report released on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the oil and natural gas company’s stock. UBS Group’s price target would indicate a potential upside of 10.44% from the stock’s previous close.

AR has been the subject of several other reports. Raymond James lifted their price objective on Antero Resources from $44.00 to $60.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. StockNews.com raised Antero Resources to a “sell” rating in a report on Thursday, January 16th. Bank of America assumed coverage on Antero Resources in a research report on Monday, October 28th. They set a “buy” rating and a $36.00 price target for the company. Benchmark reissued a “hold” rating on shares of Antero Resources in a research report on Friday, January 17th. Finally, Mizuho raised their price target on Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.44.

Antero Resources Stock Performance

Shares of AR stock opened at $39.84 on Thursday. The stock has a fifty day moving average price of $36.43 and a 200 day moving average price of $31.18. The stock has a market cap of $12.40 billion, a PE ratio of 284.57 and a beta of 3.33. Antero Resources has a 1 year low of $22.01 and a 1 year high of $41.53. 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 (NYSE:AR) last issued its quarterly earnings data on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts forecast that Antero Resources will post -0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AR. Raymond James Financial Inc. acquired a new position in Antero Resources in the fourth quarter valued at $140,020,000. Wellington Management Group LLP boosted its holdings in Antero Resources by 12.6% in the fourth quarter. Wellington Management Group LLP now owns 19,661,491 shares of the oil and natural gas company’s stock valued at $689,135,000 after acquiring an additional 2,201,429 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Antero Resources by 12.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,829,263 shares of the oil and natural gas company’s stock valued at $414,628,000 after acquiring an additional 1,274,760 shares during the last quarter. Webs Creek Capital Management LP acquired a new position in Antero Resources in the fourth quarter valued at $44,525,000. Finally, Slate Path Capital LP acquired a new position in Antero Resources in the fourth quarter valued at $35,471,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

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.