Antero Resources (NYSE:AR) Rating Increased 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 released on Tuesday, Marketbeat Ratings reports. They currently have $49.00 target price on the oil and natural gas company's stock, up from their prior target price of $47.00.

AR has been the topic of a number of other research reports. Wells Fargo & Company increased their price objective on Antero Resources from $40.00 to $42.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 19th. Morgan Stanley reaffirmed an "overweight" rating and set a $58.00 price target on shares of Antero Resources in a research note on Wednesday, March 26th. Williams Trading set a $48.00 price objective on shares of Antero Resources in a research report on Wednesday, March 5th. UBS Group raised their target price on shares of Antero Resources from $41.00 to $43.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Finally, The Goldman Sachs Group lifted their target price 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 research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $42.72.

Antero Resources Price Performance

AR traded down $0.48 during midday trading on Tuesday, reaching $39.75. 3,289,402 shares of the company's stock were exchanged, compared to its average volume of 4,193,325. Antero Resources has a 1-year low of $24.53 and a 1-year high of $42.63. The stock has a market capitalization of $12.34 billion, a PE ratio of 124.23 and a beta of 0.66. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35. The business's 50-day moving average price is $36.87 and its 200 day moving average price is $35.60.

Antero Resources (NYSE:AR - Get Free Report) last posted its earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.10. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.28 billion. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. Antero Resources's revenue was up 20.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.12 EPS. As a group, equities analysts anticipate that Antero Resources will post 2.74 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director W Howard Keenan, Jr. sold 38,013 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $40.32, for a total value of $1,532,684.16. Following the completion of the sale, the director now directly owns 364,992 shares in the company, valued at approximately $14,716,477.44. This represents a 9.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 1,300,000 shares of company stock valued at $52,834,994. 6.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Antero Resources

Hedge funds have recently modified their holdings of the stock. Wedmont Private Capital grew its holdings in Antero Resources by 28.5% during the 4th quarter. Wedmont Private Capital now owns 21,716 shares of the oil and natural gas company's stock valued at $832,000 after purchasing an additional 4,810 shares in the last quarter. Capital CS Group LLC acquired a new position in shares of Antero Resources in the 4th quarter valued at approximately $615,000. Pinnacle Bancorp Inc. acquired a new stake in Antero Resources in the fourth quarter valued at $28,000. Hennessy Advisors Inc. increased its position in shares of Antero Resources by 4.3% in the 4th quarter. Hennessy Advisors Inc. now owns 24,200 shares of the oil and natural gas company's stock worth $848,000 after purchasing an additional 1,000 shares during the last quarter. Finally, HB Wealth Management LLC bought a new stake in Antero Resources in the fourth quarter valued at about $203,000. 83.04% of the stock is currently owned by hedge funds and other 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.