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

Antero Resources (NYSE:AR) had its price target raised by Barclays from $36.00 to $38.00 in a research note released on Friday,Benzinga reports. They currently have an equal weight rating on the oil and natural gas company’s stock.

A number of other analysts also recently commented on AR. UBS Group upped their price objective on Antero Resources from $39.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday. JPMorgan Chase & Co. upped their price objective on Antero Resources from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Tuesday, January 14th. StockNews.com upgraded Antero Resources to a “sell” rating in a report on Thursday. Mizuho upped their price objective on Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Finally, Bank of America initiated coverage on Antero Resources in a report on Monday, October 28th. They set a “buy” rating and a $36.00 price objective for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.44.

Antero Resources Trading Down 0.8 %

Shares of AR opened at $39.84 on Friday. The stock has a fifty day moving average of $36.43 and a two-hundred day moving average of $31.21. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market capitalization of $12.40 billion, a PE ratio of 284.57 and a beta of 3.33. Antero Resources has a fifty-two week low of $22.01 and a fifty-two week high of $41.53.

Antero Resources (NYSE:AR) last issued its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.14. Antero Resources had a negative return on equity of 0.59% and a net margin of 1.03%. As a group, analysts forecast that Antero Resources will post -0.11 EPS for the current year.

Hedge Funds Weigh In On Antero Resources

Several large investors have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund lifted its position in shares of Antero Resources by 0.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 59,482 shares of the oil and natural gas company’s stock worth $2,085,000 after purchasing an additional 300 shares during the last quarter. Net Worth Advisory Group lifted its position in shares of Antero Resources by 2.2% during the fourth quarter. Net Worth Advisory Group now owns 16,597 shares of the oil and natural gas company’s stock worth $582,000 after purchasing an additional 354 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of Antero Resources by 2.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 14,355 shares of the oil and natural gas company’s stock worth $503,000 after purchasing an additional 370 shares during the last quarter. Caprock Group LLC lifted its position in shares of Antero Resources by 0.6% during the fourth quarter. Caprock Group LLC now owns 58,401 shares of the oil and natural gas company’s stock worth $2,047,000 after purchasing an additional 374 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its position in shares of Antero Resources by 7.8% during the fourth quarter. Global Retirement Partners LLC now owns 5,323 shares of the oil and natural gas company’s stock worth $187,000 after purchasing an additional 386 shares during the last quarter. Institutional investors own 83.04% of the company’s stock.

Antero Resources Company Profile

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.