UBS Group Issues Pessimistic Forecast for Antero Resources (NYSE:AR) Stock Price

Key Points

• UBS Group has lowered its price target for Antero Resources from $43.00 to $42.00, while maintaining a "buy" rating, indicating a potential upside of 26.87% from the stock's previous close.
• Other firms, including Morgan Stanley and Bank of America, have increased their price targets for Antero Resources, with Morgan Stanley setting a new target of $47.00.
• Antero Resources recently reported $0.35 earnings per share for the last quarter, falling short of analysts' expectations of $0.68, although revenue increased by 32.6% year-over-year.

Antero Resources (NYSE:AR - Get Free Report) had its price target dropped by equities researchers at UBS Group from $43.00 to $42.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the oil and natural gas company's stock. UBS Group's price objective would suggest a potential upside of 26.87% from the stock's previous close.

Other research analysts have also issued reports about the stock. Morgan Stanley boosted their price target on shares of Antero Resources from $46.00 to $47.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Bank of America boosted their price target on shares of Antero Resources from $44.00 to $47.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Wells Fargo & Company set a $39.00 price objective on shares of Antero Resources and gave the stock an "equal weight" rating in a report on Tuesday, July 15th. Barclays boosted their price objective on shares of Antero Resources from $38.00 to $43.00 and gave the stock an "equal weight" rating in a report on Monday, July 7th. Finally, Scotiabank reissued an "outperform" rating on shares of Antero Resources in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $44.00.

Antero Resources Trading Up 0.8%

Shares of Antero Resources stock opened at $33.11 on Monday. Antero Resources has a 52-week low of $25.36 and a 52-week high of $44.01. 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 company's 50-day simple moving average is $33.13 and its 200-day simple moving average is $36.20. The firm has a market cap of $10.23 billion, a price-to-earnings ratio of 21.09 and a beta of 0.63.

Antero Resources (NYSE:AR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the firm earned ($0.21) earnings per share. The company's revenue was up 32.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Antero Resources will post 2.74 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Antero Resources by 1.2% in the second quarter. Vanguard Group Inc. now owns 29,797,653 shares of the oil and natural gas company's stock valued at $1,200,249,000 after purchasing an additional 350,018 shares during the period. Sourcerock Group LLC boosted its stake in shares of Antero Resources by 10.6% in the second quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company's stock valued at $328,529,000 after purchasing an additional 783,117 shares during the period. Invesco Ltd. boosted its stake in shares of Antero Resources by 18.4% in the second quarter. Invesco Ltd. now owns 5,258,305 shares of the oil and natural gas company's stock valued at $211,805,000 after purchasing an additional 817,977 shares during the period. Raymond James Financial Inc. boosted its stake in shares of Antero Resources by 10.7% in the first quarter. Raymond James Financial Inc. now owns 4,423,044 shares of the oil and natural gas company's stock valued at $178,868,000 after purchasing an additional 428,167 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Antero Resources by 2.7% in the second quarter. Assenagon Asset Management S.A. now owns 3,843,592 shares of the oil and natural gas company's stock valued at $154,820,000 after purchasing an additional 99,635 shares during the period. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

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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