Antero Resources (NYSE:AR) Upgraded by UBS Group to "Buy" Rating

Key Points

• UBS Group upgraded Antero Resources from a "neutral" to a "buy" rating, setting a target price of $43.00, suggesting a potential upside of over 44% from its previous close.
• Other analysts, including Morgan Stanley and Scotiabank, have also expressed positive views, with most providing "buy" or "outperform" ratings on the stock.
• Antero Resources reported a earnings per share of $0.35, missing expectations, but had a 32.6% year-over-year revenue increase of $1.30 billion.

UBS Group upgraded shares of Antero Resources (NYSE:AR - Free Report) from a neutral rating to a buy rating in a research note published on Wednesday, Marketbeat Ratings reports. The firm currently has $43.00 price target on the oil and natural gas company's stock.

A number of other equities research analysts have also recently commented on AR. Wells Fargo & Company set a $39.00 target price on shares of Antero Resources and gave the company an "equal weight" rating in a research report on Tuesday, July 15th. Raymond James Financial increased their target price on shares of Antero Resources from $57.00 to $58.00 and gave the company a "strong-buy" rating in a research report on Tuesday, July 22nd. Roth Capital cut shares of Antero Resources from a "buy" rating to a "neutral" rating and reduced their target price for the company from $44.00 to $32.00 in a research report on Monday. Scotiabank reiterated an "outperform" rating on shares of Antero Resources in a research report on Wednesday, August 13th. Finally, Morgan Stanley increased their target price on shares of Antero Resources from $46.00 to $47.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $43.00.

Antero Resources Price Performance

Shares of NYSE AR traded up $0.1050 during mid-day trading on Wednesday, reaching $30.8050. The company's stock had a trading volume of 4,679,112 shares, compared to its average volume of 5,020,600. The stock has a 50-day moving average of $35.74 and a two-hundred day moving average of $36.93. The stock has a market capitalization of $9.52 billion, a P/E ratio of 19.62 and a beta of 0.64. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.30 and a current ratio of 0.30. Antero Resources has a 1-year low of $24.53 and a 1-year high of $44.01.

Antero Resources (NYSE:AR - Get Free Report) last issued its earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.68 by ($0.33). The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.30 billion. Antero Resources had a net margin of 10.13% and a return on equity of 6.48%. Antero Resources's quarterly revenue was up 32.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.21) earnings per share. On average, equities research analysts anticipate that Antero Resources will post 2.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. SVB Wealth LLC purchased a new position in Antero Resources during the first quarter worth about $26,000. Huntington National Bank boosted its stake in 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 worth $26,000 after buying an additional 313 shares during the period. Mascagni Wealth Management Inc. purchased a new position in Antero Resources during the fourth quarter worth about $31,000. Capital A Wealth Management LLC purchased a new position in Antero Resources during the fourth quarter worth about $35,000. Finally, Newbridge Financial Services Group Inc. boosted its stake in Antero Resources by 114.2% during 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 period. Hedge funds and other institutional investors own 83.04% of the company's stock.

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.