Antero Resources (NYSE:AR) Rating Increased to Outperform at Mizuho

Antero Resources (NYSE:AR) was upgraded by stock analysts at Mizuho from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday,Finviz reports. The brokerage presently has a $49.00 price target on the oil and natural gas company’s stock. Mizuho’s price target indicates a potential upside of 24.37% from the stock’s current price.

A number of other research analysts also recently issued reports on AR. Wells Fargo & Company lifted their price target on shares of Antero Resources from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 19th. The Goldman Sachs Group upped their price target on shares of Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Benchmark reaffirmed a “hold” rating on shares of Antero Resources in a research note on Friday, January 17th. Morgan Stanley reaffirmed an “overweight” rating and set a $58.00 price target on shares of Antero Resources in a research report on Wednesday, March 26th. Finally, Williams Trading set a $48.00 target price on Antero Resources in a report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $42.89.

Antero Resources Stock Performance

Shares of AR stock opened at $39.40 on Tuesday. Antero Resources has a 52-week low of $24.53 and a 52-week high of $42.63. The company’s 50 day moving average is $36.40 and its 200 day moving average is $35.30. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21. The firm has a market cap of $12.23 billion, a price-to-earnings ratio of 123.13 and a beta of 0.66.

Antero Resources (NYSE:AR) last issued its quarterly earnings data on Wednesday, April 30th. The oil and natural gas company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.10. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the company earned $0.12 EPS. The business’s revenue was up 20.5% on a year-over-year basis. On average, sell-side analysts anticipate that Antero Resources will post 2.74 EPS for the current fiscal year.

Insider Transactions at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total value of $7,952,000.00. Following the completion of the sale, the director now directly owns 1,800,000 shares in the company, valued at approximately $71,568,000. The trade was a 10.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 6.70% of the company’s stock.

Hedge Funds Weigh In On Antero Resources

A number of institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new position in shares of Antero Resources during the 4th quarter valued at about $140,020,000. Wellington Management Group LLP increased its position in Antero Resources by 12.6% during the 4th quarter. Wellington Management Group LLP now owns 19,661,491 shares of the oil and natural gas company’s stock worth $689,135,000 after buying an additional 2,201,429 shares during the period. Assenagon Asset Management S.A. increased its stake in Antero Resources by 133.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,743,957 shares of the oil and natural gas company’s stock worth $151,406,000 after acquiring an additional 2,137,538 shares during the period. Castle Hook Partners LP acquired a new stake in shares of Antero Resources in the 4th quarter valued at $60,980,000. Finally, Invesco Ltd. raised its position in Antero Resources by 44.3% in the first quarter. Invesco Ltd. now owns 4,440,328 shares of the oil and natural gas company’s stock valued at $179,567,000 after purchasing an additional 1,362,370 shares during the last quarter. 83.04% of the stock is owned by 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.