Barclays Increases Antero Resources (NYSE:AR) Price Target to $38.00

Antero Resources (NYSE:AR) had its target price upped by Barclays from $36.00 to $38.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the oil and natural gas company’s stock. Barclays‘s target price suggests a potential downside of 4.62% from the company’s current price.

A number of other equities analysts have also weighed in on the company. Citigroup upped their price objective on Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Truist Financial upped their price objective on Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Mizuho upped their price objective on Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Benchmark reaffirmed a “hold” rating on shares of Antero Resources in a research note on Friday, January 17th. Finally, Raymond James upped their price objective on 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 research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $39.44.

Antero Resources Stock Performance

Shares of AR opened at $39.84 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. The business has a 50-day simple moving average of $36.43 and a two-hundred day simple moving average of $31.20. The stock has a market cap of $12.40 billion, a price-to-earnings ratio of 284.57 and a beta of 3.33. Antero Resources has a 52 week low of $22.01 and a 52 week high of $41.53.

Antero Resources (NYSE:AR) last issued its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14. Antero Resources had a negative return on equity of 0.59% and a net margin of 1.03%. On average, analysts expect that Antero Resources will post -0.11 EPS for the current year.

Institutional Investors Weigh In On Antero Resources

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV raised its position in Antero Resources by 2.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 14,355 shares of the oil and natural gas company’s stock valued at $503,000 after purchasing an additional 370 shares during the period. Freestone Grove Partners LP purchased a new stake in shares of Antero Resources in the fourth quarter worth approximately $7,569,000. Voleon Capital Management LP purchased a new stake in shares of Antero Resources in the fourth quarter worth approximately $1,597,000. PDT Partners LLC raised its holdings in shares of Antero Resources by 29.1% in the fourth quarter. PDT Partners LLC now owns 183,184 shares of the oil and natural gas company’s stock worth $6,421,000 after buying an additional 41,300 shares during the period. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of Antero Resources in the fourth quarter worth approximately $1,676,000. 83.04% of the stock is currently owned by hedge funds and other 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.