Antero Resources (NYSE:AR) Given New $39.00 Price Target at UBS Group

Antero Resources (NYSE:AR) had its target price increased by UBS Group from $35.00 to $39.00 in a report issued on Friday,Benzinga reports. UBS Group currently has a neutral rating on the oil and natural gas company’s stock.

AR has been the subject of a number of other reports. StockNews.com raised shares of Antero Resources to a “sell” rating in a report on Thursday. JPMorgan Chase & Co. raised their target price on shares of Antero Resources from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Tuesday. Wells Fargo & Company raised Antero Resources from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $24.00 to $32.00 in a report on Tuesday, December 17th. BMO Capital Markets raised their price objective 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. Finally, Raymond James upped their target price on Antero Resources from $34.00 to $44.00 and gave the company a “strong-buy” rating in a report on Thursday, November 21st. 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the stock 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 stock’s fifty day moving average is $33.65 and its 200-day moving average is $30.11. Antero Resources has a one year low of $20.56 and a one year high of $40.93. The company has a market capitalization of $12.60 billion, a PE ratio of 289.26 and a beta of 3.37. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28.

Institutional Investors Weigh In On Antero Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its stake in shares of Antero Resources by 87.7% in the second quarter. Envestnet Asset Management Inc. now owns 58,017 shares of the oil and natural gas company’s stock worth $1,893,000 after acquiring an additional 27,105 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in Antero Resources by 5.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 22,645 shares of the oil and natural gas company’s stock worth $739,000 after purchasing an additional 1,087 shares during the last quarter. XTX Topco Ltd raised its stake in shares of Antero Resources by 310.5% during the 2nd quarter. XTX Topco Ltd now owns 64,605 shares of the oil and natural gas company’s stock worth $2,108,000 after purchasing an additional 48,866 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Antero Resources by 9.7% during the 2nd quarter. Sei Investments Co. now owns 138,816 shares of the oil and natural gas company’s stock valued at $4,530,000 after buying an additional 12,332 shares during the last quarter. Finally, Ensign Peak Advisors Inc grew its stake in shares of Antero Resources by 13.8% in the 2nd quarter. Ensign Peak Advisors Inc now owns 104,371 shares of the oil and natural gas company’s stock valued at $3,406,000 after buying an additional 12,620 shares in the last quarter. Hedge funds and other institutional investors 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.