Barclays Cuts Antero Resources (NYSE:AR) Price Target to $42.00

Key Points

• Barclays has reduced its price target for Antero Resources (NYSE:AR) from $43.00 to $42.00, maintaining an "equal weight" rating.
• Several other analysts have also adjusted their price targets, with Mizuho setting a target of $41.00 and Raymond James raising theirs to $58.00.
• Antero Resources reported a $0.35 earnings per share for the last quarter, missing expectations of $0.68, while achieving a net margin of 10.13%.

Antero Resources (NYSE:AR - Get Free Report) had its price objective reduced by analysts at Barclays from $43.00 to $42.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an "equal weight" rating on the oil and natural gas company's stock. Barclays's target price would suggest a potential upside of 23.89% from the company's previous close.

Several other analysts have also commented on the company. Mizuho dropped their target price on Antero Resources from $49.00 to $41.00 and set an "outperform" rating on the stock in a report on Monday, September 15th. Raymond James Financial raised their target price on Antero Resources from $57.00 to $58.00 and gave the stock a "strong-buy" rating in a report on Tuesday, July 22nd. UBS Group dropped their target price on Antero Resources from $43.00 to $42.00 and set a "buy" rating on the stock in a report on Monday, September 15th. Wells Fargo & Company set a $39.00 target price on Antero Resources and gave the stock an "equal weight" rating in a report on Tuesday, July 15th. Finally, Roth Capital lowered Antero Resources from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $44.00 to $32.00 in a report on Monday, August 18th. One equities research 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 stock. Based on data from MarketBeat.com, Antero Resources has a consensus rating of "Moderate Buy" and an average target price of $44.31.

Antero Resources Trading Up 1.7%

Shares of NYSE:AR opened at $33.90 on Tuesday. Antero Resources has a 52-week low of $25.36 and a 52-week high of $44.01. The stock has a market cap of $10.47 billion, a price-to-earnings ratio of 21.59 and a beta of 0.56. 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 business has a 50-day moving average price of $32.57 and a 200-day moving average price of $35.75.

Antero Resources (NYSE:AR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.33). Antero Resources had a return on equity of 6.48% and a net margin of 10.13%.The firm had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.30 billion. During the same quarter in the previous year, the business earned ($0.21) earnings per share. The company's revenue for the quarter was up 32.6% compared to the same quarter last year. Equities analysts predict that Antero Resources will post 2.74 EPS for the current year.

Institutional Trading of Antero Resources

Several institutional investors have recently bought and sold shares of AR. Merit Financial Group LLC acquired a new stake in Antero Resources in the first quarter valued at approximately $462,000. UMB Bank n.a. boosted its stake in shares of Antero Resources by 123.4% in the first quarter. UMB Bank n.a. now owns 3,130 shares of the oil and natural gas company's stock worth $127,000 after acquiring an additional 1,729 shares during the last quarter. Pallas Capital Advisors LLC acquired a new stake in shares of Antero Resources in the first quarter worth approximately $355,000. GAMMA Investing LLC boosted its stake in shares of Antero Resources by 78.0% in the first quarter. GAMMA Investing LLC now owns 5,453 shares of the oil and natural gas company's stock worth $221,000 after acquiring an additional 2,389 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Antero Resources in the first quarter worth approximately $1,018,000. 83.04% of the stock is owned by institutional investors and hedge funds.

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.

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