Antero Resources (NYSE:AR) Upgraded by Mizuho to Outperform Rating

Mizuho upgraded shares of Antero Resources (NYSE:AR) from a neutral rating to an outperform rating in a research report report published on Tuesday morning, Marketbeat Ratings reports. The brokerage currently has $49.00 target price on the oil and natural gas company’s stock, up from their previous target price of $47.00.

A number of other equities research analysts have also commented on the stock. Barclays raised their price objective on shares of Antero Resources from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. JPMorgan Chase & Co. increased their price objective on shares of Antero Resources from $45.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, March 13th. Truist Financial increased their price objective on shares of Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Wells Fargo & Company increased their price objective 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. Finally, The Goldman Sachs Group increased their price objective 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $42.72.

Antero Resources Trading Up 4.2%

Shares of NYSE:AR opened at $41.04 on Tuesday. Antero Resources has a 12 month low of $24.53 and a 12 month high of $42.63. 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 company’s fifty day simple moving average is $36.55 and its 200 day simple moving average is $35.34. The firm has a market cap of $12.74 billion, a price-to-earnings ratio of 128.25 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 analyst estimates of $1.28 billion. During the same period last year, the business posted $0.12 earnings per share. The firm’s quarterly revenue was up 20.5% on a year-over-year basis. As a group, research analysts forecast that Antero Resources will post 2.74 EPS for the current fiscal year.

Insider Activity at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total transaction 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 $71,568,000. This trade represents a 10.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 6.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Antero Resources

Several hedge funds have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund lifted its position in Antero Resources by 0.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 59,482 shares of the oil and natural gas company’s stock worth $2,085,000 after acquiring an additional 300 shares during the last quarter. Cetera Investment Advisers lifted its position in Antero Resources by 2.3% during the fourth quarter. Cetera Investment Advisers now owns 14,060 shares of the oil and natural gas company’s stock worth $493,000 after acquiring an additional 319 shares during the last quarter. World Investment Advisors lifted its position in Antero Resources by 5.0% during the first quarter. World Investment Advisors now owns 7,105 shares of the oil and natural gas company’s stock worth $287,000 after acquiring an additional 341 shares during the last quarter. Net Worth Advisory Group lifted its position in Antero Resources by 2.2% during the fourth quarter. Net Worth Advisory Group now owns 16,597 shares of the oil and natural gas company’s stock worth $582,000 after acquiring an additional 354 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its holdings in shares of Antero Resources by 2.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 14,355 shares of the oil and natural gas company’s stock worth $503,000 after purchasing an additional 370 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

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.