UBS Group Has Lowered Expectations 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 target price lowered by equities researchers at UBS Group from $43.00 to $42.00 in a note issued to investors on Monday, MarketBeat reports. The firm presently has a "buy" rating on the oil and natural gas company's stock. UBS Group's price objective would indicate a potential upside of 34.34% from the stock's previous close.

Several other research firms have also recently commented on AR. Wells Fargo & Company set a $39.00 price target on shares of Antero Resources and gave the stock an "equal weight" rating in a report on Tuesday, July 15th. Roth Capital cut shares of Antero Resources from a "buy" rating to a "neutral" rating and lowered their target price for the company from $44.00 to $32.00 in a report on Monday, August 18th. Raymond James Financial upped their target price on shares of Antero Resources from $57.00 to $58.00 and gave the company a "strong-buy" rating in a report on Tuesday, July 22nd. Morgan Stanley upped their target price on shares of Antero Resources from $46.00 to $47.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Finally, Bank of America upped their target price on shares of Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a report on Friday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.50.

Antero Resources Stock Performance

NYSE AR traded down $0.64 during mid-day trading on Monday, reaching $31.26. 2,354,085 shares of the stock were exchanged, compared to its average volume of 5,001,865. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market capitalization of $9.66 billion, a P/E ratio of 19.91 and a beta of 0.63. Antero Resources has a 1 year low of $25.36 and a 1 year high of $44.01. The business's 50 day moving average is $32.82 and its 200-day moving average is $36.09.

Antero Resources (NYSE:AR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share 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 business had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.30 billion. During the same period in the prior year, the business posted ($0.21) earnings per share. The business's quarterly revenue was up 32.6% on a year-over-year basis. On average, equities research analysts forecast that Antero Resources will post 2.74 EPS for the current fiscal year.

Institutional Investors Weigh In On Antero Resources

Several hedge funds have recently modified their holdings of AR. SVB Wealth LLC acquired a new stake in shares of Antero Resources in the first quarter worth approximately $26,000. Huntington National Bank raised its stake in shares of Antero Resources by 91.3% during the second quarter. Huntington National Bank now owns 656 shares of the oil and natural gas company's stock valued at $26,000 after purchasing an additional 313 shares during the period. Mascagni Wealth Management Inc. bought a new stake in shares of Antero Resources in the fourth quarter worth $31,000. Capital A Wealth Management LLC bought a new stake in shares of Antero Resources in the fourth quarter worth $35,000. Finally, Newbridge Financial Services Group Inc. increased its stake in shares of Antero Resources by 114.2% in the second quarter. Newbridge Financial Services Group Inc. now owns 938 shares of the oil and natural gas company's stock worth $38,000 after buying an additional 500 shares during 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.