Antero Resources (NYSE:AR) Given New $45.00 Price Target at Barclays

Antero Resources (NYSE:AR) had its price target decreased by investment analysts at Barclays from $46.00 to $45.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the oil and natural gas company’s stock. Barclays‘s price target suggests a potential upside of 20.26% from the company’s current price.

A number of other analysts have also issued reports on the company. Morgan Stanley lowered their price target on Antero Resources from $56.00 to $48.00 and set an “overweight” rating for the company in a report on Monday, June 29th. Wolfe Research restated an “outperform” rating and set a $48.00 target price on shares of Antero Resources in a research note on Thursday, July 30th. Jefferies Financial Group reaffirmed a “buy” rating and set a $57.00 target price on shares of Antero Resources in a research report on Friday, May 1st. Williams Trading set a $56.00 price target on Antero Resources in a research note on Monday, April 20th. Finally, JPMorgan Chase & Co. lowered their price target on Antero Resources from $49.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, July 8th. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Antero Resources has an average rating of “Moderate Buy” and a consensus price target of $48.25.

Antero Resources Trading Up 0.1%

Shares of AR stock opened at $37.42 on Monday. The company has a market cap of $11.50 billion, a PE ratio of 10.75 and a beta of 0.34. Antero Resources has a 1 year low of $29.10 and a 1 year high of $45.75. The stock’s 50 day simple moving average is $34.85 and its two-hundred day simple moving average is $36.65. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.40 and a quick ratio of 0.40.

Institutional Investors Weigh In On Antero Resources

Large investors have recently modified their holdings of the business. Bank of America Corp DE acquired a new position in shares of Antero Resources during the 2nd quarter valued at about $40,916,000. Freestone Grove Partners LP acquired a new stake in Antero Resources during the second quarter worth about $36,849,000. Man Group plc purchased a new position in Antero Resources during the second quarter worth about $32,677,000. Jupiter Topco LLC acquired a new position in Antero Resources in the 2nd quarter valued at about $4,566,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Antero Resources in the 2nd quarter valued at approximately $9,475,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

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.