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

Antero Resources (NYSE:AR) was upgraded by 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 objective on the oil and natural gas company’s stock. Mizuho’s target price would suggest a potential upside of 24.37% from the company’s current price.

Other equities research analysts also recently issued reports about the company. The Goldman Sachs Group increased their price target on Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Morgan Stanley reissued an “overweight” rating and issued a $58.00 price target on shares of Antero Resources in a research note on Wednesday, March 26th. JPMorgan Chase & Co. lifted their price objective on Antero Resources from $45.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, March 13th. Williams Trading set a $48.00 price objective on Antero Resources in a research report on Wednesday, March 5th. Finally, Raymond James lifted their price target on shares of Antero Resources from $44.00 to $60.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.89.

Antero Resources Stock Performance

Shares of AR stock opened at $39.40 on Tuesday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21. The stock has a market cap of $12.23 billion, a PE ratio of 123.13 and a beta of 0.66. Antero Resources has a 12 month low of $24.53 and a 12 month high of $42.63. The company’s fifty day moving average price is $36.40 and its 200-day moving average price is $35.30.

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. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. The business’s revenue was up 20.5% on a year-over-year basis. During the same period last year, the company posted $0.12 EPS. On average, equities analysts expect that Antero Resources will post 2.74 EPS for the current fiscal year.

Insider Activity at Antero Resources

In related 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 stock was sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in AR. Pinnacle Bancorp Inc. bought a new position in Antero Resources in the 4th quarter worth about $28,000. Spire Wealth Management bought a new stake in shares of Antero Resources during the 4th quarter valued at $31,000. Mascagni Wealth Management Inc. bought a new position in shares of Antero Resources in the fourth quarter worth about $31,000. Capital A Wealth Management LLC purchased a new position in Antero Resources during the fourth quarter valued at approximately $35,000. Finally, Bessemer Group Inc. raised its holdings in Antero Resources by 64.7% during the first quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company’s stock valued at $42,000 after acquiring an additional 411 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.