UBS Group Lowers Antero Resources (NYSE:AR) Price Target to $31.00

Antero Resources (NYSE:AR) had its price objective cut by UBS Group from $33.00 to $31.00 in a report issued on Monday, Benzinga reports. The firm presently has a “neutral” rating on the oil and natural gas company’s stock. UBS Group’s price objective points to a potential upside of 16.15% from the stock’s current price.

Other research analysts have also issued research reports about the company. Citigroup started coverage on Antero Resources in a research report on Tuesday, September 17th. They set a “neutral” rating and a $29.00 price objective for the company. Truist Financial lowered their price target on shares of Antero Resources from $29.00 to $28.00 and set a “hold” rating for the company in a research report on Monday, September 30th. The Goldman Sachs Group cut their price objective on shares of Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Roth Mkm assumed coverage on shares of Antero Resources in a research report on Tuesday, August 27th. They issued a “buy” rating and a $32.00 target price for the company. Finally, Wells Fargo & Company cut their price target on Antero Resources from $25.00 to $24.00 and set an “underweight” rating on the stock in a report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.83.

Antero Resources Stock Performance

Shares of NYSE AR opened at $26.69 on Monday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. The firm’s 50-day moving average price is $27.36 and its two-hundred day moving average price is $30.18. Antero Resources has a 52-week low of $20.10 and a 52-week high of $36.28. The stock has a market capitalization of $8.30 billion, a P/E ratio of 190.64 and a beta of 3.36.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. MQS Management LLC purchased a new position in Antero Resources in the 3rd quarter worth about $223,000. Barnett & Company Inc. acquired a new stake in shares of Antero Resources during the third quarter valued at approximately $510,000. Versor Investments LP raised its holdings in shares of Antero Resources by 271.1% during the third quarter. Versor Investments LP now owns 44,900 shares of the oil and natural gas company’s stock valued at $1,286,000 after acquiring an additional 32,800 shares during the period. Kailix Advisors LLC purchased a new stake in shares of Antero Resources in the 3rd quarter valued at approximately $17,327,000. Finally, Capital Performance Advisors LLP acquired a new position in Antero Resources in the 3rd quarter worth approximately $45,000. 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.