Mizuho Lowers Antero Resources (NYSE:AR) Price Target to $41.00

Key Points

• Mizuho has lowered its price target for Antero Resources from $49.00 to $41.00, maintaining an "outperform" rating for the stock, indicating a potential upside of 26.22% based on its previous close.
• Other analysts, including Morgan Stanley and Raymond James, have set higher price targets of $47.00 and $58.00, respectively, reflecting varying levels of optimism about the company's performance.
• Antero Resources reported earnings of $0.35 per share for the last quarter, missing expectations by $0.33, although revenue increased by 32.6% year-over-year.

Antero Resources (NYSE:AR - Get Free Report) had its target price lowered by stock analysts at Mizuho from $49.00 to $41.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the oil and natural gas company's stock. Mizuho's price target suggests a potential upside of 26.22% from the company's previous close.

A number of other brokerages have also recently commented on AR. Morgan Stanley increased their target price on shares of Antero Resources from $46.00 to $47.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Raymond James Financial raised their price objective on shares of Antero Resources from $57.00 to $58.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, July 22nd. UBS Group cut their price objective on shares of Antero Resources from $43.00 to $42.00 and set a "buy" rating for the company in a research report on Monday. Scotiabank restated an "outperform" rating on shares of Antero Resources in a research report on Wednesday, August 13th. Finally, Wells Fargo & Company set a $39.00 price objective on shares of Antero Resources and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.50.

Antero Resources Stock Performance

NYSE AR traded down $0.59 during mid-day trading on Monday, reaching $32.48. 1,096,760 shares of the stock were exchanged, compared to its average volume of 5,007,616. The business's 50 day moving average is $33.13 and its 200-day moving average is $36.20. Antero Resources has a 1 year low of $25.36 and a 1 year high of $44.01. The company has a market capitalization of $10.04 billion, a P/E ratio of 20.72 and a beta of 0.63. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.30 and a current ratio of 0.30.

Antero Resources (NYSE:AR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.33). The company had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.30 billion. Antero Resources had a net margin of 10.13% and a return on equity of 6.48%. The business's revenue for the quarter was up 32.6% on a year-over-year basis. During the same period in the previous year, the business earned ($0.21) earnings per share. On average, equities research analysts forecast that Antero Resources will post 2.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AR. SVB Wealth LLC acquired a new stake in Antero Resources during the first quarter worth approximately $26,000. Huntington National Bank boosted its position in shares of Antero Resources by 91.3% in the 2nd quarter. Huntington National Bank now owns 656 shares of the oil and natural gas company's stock worth $26,000 after buying an additional 313 shares in the last quarter. Mascagni Wealth Management Inc. purchased a new position in Antero Resources in the 4th quarter valued at about $31,000. Capital A Wealth Management LLC purchased a new position in shares of Antero Resources during the 4th quarter worth about $35,000. Finally, Newbridge Financial Services Group Inc. lifted its holdings in shares of Antero Resources by 114.2% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 938 shares of the oil and natural gas company's stock worth $38,000 after acquiring an additional 500 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.

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