Barclays Cuts Antero Resources (NYSE:AR) Price Target to $45.00

Antero Resources (NYSE:AR) had its price target decreased by Barclays from $46.00 to $45.00 in a research report released on Monday morning,Benzinga reports. Barclays currently has an equal weight rating on the oil and natural gas company’s stock.

AR has been the topic of a number of other research reports. Wells Fargo & Company lifted their price target on shares of Antero Resources from $52.00 to $57.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. UBS Group increased their price objective on shares of Antero Resources from $50.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Mizuho raised their price objective on shares of Antero Resources from $54.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Truist Financial decreased their target price on shares of Antero Resources from $56.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $57.00 target price on shares of Antero Resources in a research note on Friday, May 1st. Three investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $48.31.

Antero Resources Stock Performance

AR opened at $37.09 on Monday. The stock’s 50 day simple moving average is $34.94 and its 200-day simple moving average is $36.69. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.29. The stock has a market cap of $11.40 billion, a PE ratio of 10.66 and a beta of 0.34. Antero Resources has a 1 year low of $29.10 and a 1 year high of $45.75.

Institutional Trading of Antero Resources

Institutional investors have recently bought and sold shares of the stock. Annandale Capital LLC raised its stake in Antero Resources by 0.4% during the third quarter. Annandale Capital LLC now owns 73,754 shares of the oil and natural gas company’s stock worth $2,475,000 after acquiring an additional 300 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Antero Resources by 16.7% in the 4th quarter. Parallel Advisors LLC now owns 2,108 shares of the oil and natural gas company’s stock valued at $73,000 after purchasing an additional 301 shares in the last quarter. Brooklyn Investment Group boosted its stake in shares of Antero Resources by 2.0% in the 3rd quarter. Brooklyn Investment Group now owns 15,752 shares of the oil and natural gas company’s stock valued at $529,000 after purchasing an additional 305 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Antero Resources by 4.2% in the 4th quarter. Sequoia Financial Advisors LLC now owns 8,506 shares of the oil and natural gas company’s stock worth $293,000 after purchasing an additional 343 shares during the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of Antero Resources by 59.2% in the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock worth $31,000 after purchasing an additional 345 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

About Antero Resources

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.