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

Antero Resources (NYSE:AR - Get Free Report) had its price target hoisted by analysts at Barclays from $36.00 to $38.00 in a report issued on Friday,Benzinga reports. The firm presently has an "equal weight" rating on the oil and natural gas company's stock. Barclays's target price would indicate a potential downside of 4.37% from the company's current price.

A number of other equities analysts have also commented on AR. Wells Fargo & Company upgraded Antero Resources from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $24.00 to $32.00 in a research note on Tuesday, December 17th. UBS Group lifted their price objective on Antero Resources from $39.00 to $44.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. lifted their price objective on Antero Resources from $36.00 to $38.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 14th. Benchmark reiterated a "hold" rating on shares of Antero Resources in a research note on Friday, January 17th. Finally, Truist Financial lifted 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. One 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. According to MarketBeat.com, Antero Resources currently has an average rating of "Moderate Buy" and an average target price of $39.44.

Antero Resources Stock Down 0.3 %

Shares of NYSE:AR traded down $0.11 on Friday, reaching $39.74. The company had a trading volume of 4,549,547 shares, compared to its average volume of 4,862,286. Antero Resources has a twelve month low of $23.25 and a twelve month high of $41.53. The stock has a 50-day moving average price of $36.78 and a 200 day moving average price of $31.38. The stock has a market capitalization of $12.36 billion, a P/E ratio of 283.82 and a beta of 3.33. 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 posted its quarterly earnings data 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, equities analysts expect that Antero Resources will post -0.11 EPS for the current year.

Institutional Investors Weigh In On Antero Resources

Several large investors have recently modified their holdings of AR. CWM LLC grew its stake in shares of Antero Resources by 26.1% in the 3rd quarter. CWM LLC now owns 11,575 shares of the oil and natural gas company's stock valued at $332,000 after purchasing an additional 2,398 shares during the period. Creative Planning grew its stake in shares of Antero Resources by 8.6% in the 3rd quarter. Creative Planning now owns 22,869 shares of the oil and natural gas company's stock valued at $655,000 after purchasing an additional 1,813 shares during the period. nVerses Capital LLC grew its stake in shares of Antero Resources by 4,100.0% in the 3rd quarter. nVerses Capital LLC now owns 8,400 shares of the oil and natural gas company's stock valued at $241,000 after purchasing an additional 8,200 shares during the period. Net Worth Advisory Group acquired a new position in shares of Antero Resources in the 3rd quarter worth approximately $465,000. Finally, Blue Trust Inc. boosted its holdings in shares of Antero Resources by 741.2% in the 3rd quarter. Blue Trust Inc. now owns 4,795 shares of the oil and natural gas company's stock worth $137,000 after acquiring an additional 4,225 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.