Antero Resources (NYSE:AR) Price Target Raised to $35.00 at UBS Group

Antero Resources (NYSE:AR) had its price objective upped by UBS Group from $31.00 to $35.00 in a report issued on Monday morning,Benzinga reports. They currently have a neutral rating on the oil and natural gas company’s stock.

Other equities analysts have also recently issued reports about the company. Roth Mkm assumed coverage on Antero Resources in a report on Tuesday, August 27th. They issued a “buy” rating and a $32.00 price target for the company. Roth Capital upgraded shares of Antero Resources to a “strong-buy” rating in a report on Tuesday, August 27th. Scotiabank upgraded shares of Antero Resources from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $40.00 to $44.00 in a report on Tuesday, August 20th. StockNews.com raised shares of Antero Resources to a “sell” rating in a research note on Friday, November 1st. Finally, Raymond James lifted their target price on shares of Antero Resources from $34.00 to $44.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $34.06.

Antero Resources Stock Performance

NYSE:AR opened at $32.91 on Monday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $10.24 billion, a P/E ratio of 235.07 and a beta of 3.42. The firm has a 50-day moving average price of $29.78 and a two-hundred day moving average price of $29.84. Antero Resources has a twelve month low of $20.10 and a twelve month high of $36.28.

Institutional Investors Weigh In On Antero Resources

Several institutional investors have recently bought and sold shares of AR. UMB Bank n.a. boosted its position in shares of Antero Resources by 357.3% in the third quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock worth $25,000 after buying an additional 686 shares during the period. True Wealth Design LLC purchased a new position in Antero Resources in the 3rd quarter worth approximately $30,000. Capital Performance Advisors LLP acquired a new stake in Antero Resources in the third quarter valued at approximately $45,000. Mattson Financial Services LLC purchased a new stake in shares of Antero Resources during the second quarter valued at approximately $64,000. Finally, Signaturefd LLC lifted its position in shares of Antero Resources by 19.9% during the third quarter. Signaturefd LLC now owns 4,222 shares of the oil and natural gas company’s stock worth $121,000 after purchasing an additional 702 shares in the last quarter. 83.04% of the stock is currently 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.