Barclays Has Lowered Expectations for Antero Resources (NYSE:AR) Stock Price

Key Points

• Barclays lowered Antero Resources’ price target from $46 to $45 while maintaining an “equal weight” rating, implying about 20% upside from the prior close.
• Other analysts have also reduced their targets, but overall sentiment remains positive: Antero has a “Moderate Buy” consensus rating and an average price target of $48.25.
• Antero shares opened at $37.42, with a market capitalization of $11.5 billion; institutional investors and hedge funds own approximately 83.04% of the stock.

Antero Resources (NYSE:AR - Get Free Report) had its target price lowered by analysts at Barclays from $46.00 to $45.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an "equal weight" rating on the oil and natural gas company's stock. Barclays's target price indicates a potential upside of 20.26% from the stock's previous close.

Several other equities analysts also recently commented on AR. JPMorgan Chase & Co. decreased their price target on shares of Antero Resources from $49.00 to $45.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 8th. Truist Financial decreased their price objective on Antero Resources from $56.00 to $52.00 and set a "buy" rating for the company in a report on Thursday, July 9th. Citigroup decreased their price objective on shares of Antero Resources from $53.00 to $45.00 and set a "buy" rating for the company in a research note on Monday, August 3rd. Zacks Research cut Antero Resources from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 26th. Finally, Williams Trading set a $56.00 price objective on Antero Resources in a research report on Monday, April 20th. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $48.25.

Antero Resources Stock Up 0.1%

Shares of AR opened at $37.42 on Monday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.29. The stock has a market cap of $11.50 billion, a price-to-earnings ratio of 10.75 and a beta of 0.34. The company has a 50-day moving average price of $34.85 and a two-hundred day moving average price of $36.65. Antero Resources has a 12 month low of $29.10 and a 12 month high of $45.75.

Hedge Funds Weigh In On Antero Resources

A number of institutional investors and hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC raised its position in shares of Antero Resources by 16,498.3% during the 1st quarter. NewEdge Advisors LLC now owns 9,627 shares of the oil and natural gas company's stock valued at $389,000 after purchasing an additional 9,569 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Antero Resources by 7.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 590,555 shares of the oil and natural gas company's stock worth $23,882,000 after buying an additional 43,312 shares in the last quarter. Focus Partners Wealth raised its holdings in Antero Resources by 18.9% during the first quarter. Focus Partners Wealth now owns 19,921 shares of the oil and natural gas company's stock valued at $806,000 after acquiring an additional 3,169 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Antero Resources by 701.3% in the second quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company's stock valued at $120,000 after acquiring an additional 2,616 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in shares of Antero Resources by 22.5% in the second quarter. Daiwa Securities Group Inc. now owns 36,500 shares of the oil and natural gas company's stock valued at $1,470,000 after acquiring an additional 6,700 shares in the last quarter. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Antero Resources Company Profile

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.

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