Antero Resources (NYSE:AR) Given New $38.00 Price Target at Barclays

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

AR has been the topic of several other research reports. Benchmark reiterated a “hold” rating on shares of Antero Resources in a report on Friday, January 17th. Truist Financial lifted their price target on Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Bank of America began coverage on shares of Antero Resources in a report on Monday, October 28th. They issued a “buy” rating and a $36.00 price objective on the stock. StockNews.com upgraded shares of Antero Resources to a “sell” rating in a report on Thursday. Finally, Mizuho boosted their price objective on shares of Antero Resources from $35.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, December 16th. 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $39.44.

Antero Resources Stock Down 0.8 %

NYSE AR opened at $39.84 on Friday. Antero Resources has a 52 week low of $22.01 and a 52 week high of $41.53. 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 business’s fifty day simple moving average is $36.43 and its 200-day simple moving average is $31.18. The firm has a market cap of $12.40 billion, a PE ratio of 284.57 and a beta of 3.33.

Antero Resources (NYSE:AR) last posted its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 EPS for the quarter, topping 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, equities analysts anticipate that Antero Resources will post -0.11 earnings per share for the current year.

Hedge Funds Weigh In On Antero Resources

Institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC grew its position in shares of Antero Resources by 1.3% during the third quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company’s stock worth $139,054,000 after buying an additional 61,490 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Antero Resources by 83.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 26,467 shares of the oil and natural gas company’s stock worth $928,000 after buying an additional 12,062 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Antero Resources by 4.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company’s stock worth $76,342,000 after buying an additional 122,815 shares in the last quarter. Capital CS Group LLC acquired a new position in shares of Antero Resources during the fourth quarter worth about $615,000. Finally, Franklin Resources Inc. grew its position in shares of Antero Resources by 40.6% during the third quarter. Franklin Resources Inc. now owns 756,128 shares of the oil and natural gas company’s stock worth $21,209,000 after buying an additional 218,517 shares in the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

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.