Antero Resources (NYSE:AR) Given New $42.00 Price Target at Barclays

Antero Resources (NYSE:AR) had its price objective lowered by Barclays from $43.00 to $42.00 in a research report released on Tuesday, Marketbeat reports. Barclays currently has an equal weight rating on the oil and natural gas company’s stock.

Several other equities analysts have also commented on AR. UBS Group lowered their price objective on shares of Antero Resources from $43.00 to $42.00 and set a “buy” rating for the company in a research report on Monday, September 15th. Wells Fargo & Company set a $39.00 target price on shares of Antero Resources and gave the stock an “equal weight” rating in a report on Tuesday, July 15th. Jefferies Financial Group lowered their target price on shares of Antero Resources from $50.00 to $47.00 and set a “buy” rating for the company in a report on Friday, October 3rd. Morgan Stanley raised their target price on shares of Antero Resources from $46.00 to $47.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Finally, Mizuho lowered their target price on shares of Antero Resources from $49.00 to $41.00 and set an “outperform” rating for the company in a report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Antero Resources currently has a consensus rating of “Moderate Buy” and an average target price of $44.31.

Antero Resources Price Performance

AR stock opened at $33.95 on Tuesday. Antero Resources has a 52 week low of $25.36 and a 52 week high of $44.01. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.15. The company has a fifty day simple moving average of $32.57 and a two-hundred day simple moving average of $35.74. The firm has a market capitalization of $10.49 billion, a P/E ratio of 21.62 and a beta of 0.56.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, July 30th. The oil and natural gas company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.33). Antero Resources had a net margin of 10.13% and a return on equity of 6.48%. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the business earned ($0.21) EPS. Antero Resources’s revenue for the quarter was up 32.6% compared to the same quarter last year. Analysts anticipate that Antero Resources will post 2.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Antero Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AR. Merit Financial Group LLC bought a new stake in Antero Resources during the 1st quarter valued at about $462,000. UMB Bank n.a. increased its position in Antero Resources by 123.4% during the 1st quarter. UMB Bank n.a. now owns 3,130 shares of the oil and natural gas company’s stock valued at $127,000 after purchasing an additional 1,729 shares during the period. Pallas Capital Advisors LLC purchased a new position in Antero Resources during the 1st quarter valued at about $355,000. GAMMA Investing LLC increased its position in Antero Resources by 78.0% during the 1st quarter. GAMMA Investing LLC now owns 5,453 shares of the oil and natural gas company’s stock valued at $221,000 after purchasing an additional 2,389 shares during the period. Finally, SG Americas Securities LLC purchased a new position in Antero Resources during the 1st quarter valued at about $1,018,000. 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.