Antero Resources (NYSE:AR) Upgraded to "Outperform" at Mizuho

Mizuho upgraded shares of Antero Resources (NYSE:AR - Free Report) from a neutral rating to an outperform rating in a report published on Tuesday morning, MarketBeat reports. Mizuho currently has $49.00 price objective on the oil and natural gas company's stock, up from their previous price objective of $47.00.

AR has been the topic of several other research reports. 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. StockNews.com upgraded shares of Antero Resources to a "sell" rating in a research note on Thursday, February 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. Williams Trading set a $48.00 price objective on shares of Antero Resources in a research note on Wednesday, March 5th. 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 issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Antero Resources presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.72.

Antero Resources Stock Down 1.2%

Shares of AR stock traded down $0.48 during trading hours on Tuesday, hitting $39.75. 3,289,402 shares of the company were exchanged, compared to its average volume of 4,187,451. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35. Antero Resources has a one year low of $24.53 and a one year high of $42.63. The business's 50-day simple moving average is $36.87 and its two-hundred day simple moving average is $35.55. The stock has a market capitalization of $12.34 billion, a price-to-earnings ratio of 124.23 and a beta of 0.66.

Antero Resources (NYSE:AR - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.68 by $0.10. The business had revenue of $1.35 billion for 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 company's quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.12 earnings per share. Sell-side analysts predict 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 1,061,987 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $40.82, for a total transaction of $43,350,309.34. Following the completion of the sale, the director now directly owns 38,013 shares in the company, valued at approximately $1,551,690.66. This trade represents a 96.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 1,300,000 shares of company stock worth $52,834,994 over the last quarter. 6.70% of the stock is currently owned by company insiders.

Institutional Trading of Antero Resources

A number of large investors have recently added to or reduced their stakes in AR. SVB Wealth LLC bought a new stake in Antero Resources during the first quarter worth approximately $26,000. Pinnacle Bancorp Inc. acquired a new position in Antero Resources in the 4th quarter worth approximately $28,000. Spire Wealth Management acquired a new position in Antero Resources in the 4th quarter worth approximately $31,000. Mascagni Wealth Management Inc. acquired a new position in Antero Resources in the 4th quarter worth approximately $31,000. Finally, Capital A Wealth Management LLC acquired a new position in Antero Resources in the 4th quarter worth approximately $35,000. 83.04% of the stock is currently 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.