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

Antero Resources (NYSE:AR - Free Report) had its target price raised by UBS Group from $39.00 to $44.00 in a research report report published on Thursday,Benzinga reports. UBS Group currently has a neutral rating on the oil and natural gas company's stock.

A number of other research firms also recently commented on AR. Truist Financial boosted their price target on shares of Antero Resources from $28.00 to $38.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. The Goldman Sachs Group boosted their target price on Antero Resources from $39.00 to $44.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Benchmark reissued a "hold" rating on shares of Antero Resources in a research note on Friday, January 17th. Bank of America began coverage on Antero Resources in a research note on Monday, October 28th. They issued a "buy" rating and a $36.00 price objective on the stock. Finally, JPMorgan Chase & Co. boosted their price target on shares of Antero Resources from $36.00 to $38.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 14th. 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 assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $39.44.

Antero Resources Stock Performance

AR stock traded down $0.31 during mid-day trading on Thursday, reaching $39.84. The company had a trading volume of 3,880,629 shares, compared to its average volume of 4,851,639. The stock has a market capitalization of $12.40 billion, a P/E ratio of 284.57 and a beta of 3.33. The stock's 50-day simple moving average is $36.43 and its two-hundred day simple moving average is $31.21. Antero Resources has a one year low of $22.01 and a one year high of $41.53. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23.

Antero Resources (NYSE:AR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.14. Antero Resources had a net margin of 1.03% and a negative return on equity of 0.59%. Research analysts anticipate that Antero Resources will post -0.11 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new position in Antero Resources in the fourth quarter worth approximately $140,020,000. Wellington Management Group LLP increased its stake in shares of Antero Resources by 12.6% during the 4th quarter. Wellington Management Group LLP now owns 19,661,491 shares of the oil and natural gas company's stock worth $689,135,000 after purchasing an additional 2,201,429 shares during the last quarter. Castle Hook Partners LP bought a new position in shares of Antero Resources during the 4th quarter valued at $60,980,000. Dimensional Fund Advisors LP lifted its stake in shares of Antero Resources by 12.1% in the 4th 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 purchasing an additional 1,274,760 shares during the last quarter. Finally, Webs Creek Capital Management LP bought a new stake in Antero Resources in the fourth quarter worth $44,525,000. 83.04% of the stock is owned by hedge funds and other 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.