Mizuho Boosts Antero Resources (NYSE:AR) Price Target to $37.00

Antero Resources (NYSE:AR - Free Report) had its price target boosted by Mizuho from $29.00 to $37.00 in a research report sent to investors on Monday, Benzinga reports. The brokerage currently has a neutral rating on the oil and natural gas company's stock.

Other equities research analysts also recently issued research reports about the company. Scotiabank increased their price target on Antero Resources from $36.00 to $40.00 and gave the stock a sector perform rating in a research report on Tuesday, April 30th. Morgan Stanley upgraded Antero Resources from an equal weight rating to an overweight rating and upped their target price for the stock from $26.00 to $36.00 in a research note on Wednesday, April 17th. Wells Fargo & Company upped their target price on Antero Resources from $35.00 to $43.00 and gave the stock an overweight rating in a research note on Tuesday, April 30th. Raymond James upped their target price on Antero Resources from $28.00 to $32.00 and gave the stock a strong-buy rating in a research note on Wednesday, January 24th. Finally, Tudor, Pickering, Holt & Co. upgraded Antero Resources from a hold rating to a buy rating and set a $32.00 target price for the company in a research note on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Hold and an average price target of $32.69.

Antero Resources Stock Performance

Shares of Antero Resources stock traded up $0.13 on Monday, hitting $33.45. The stock had a trading volume of 2,767,068 shares, compared to its average volume of 4,885,426. Antero Resources has a twelve month low of $19.91 and a twelve month high of $34.99. The business's 50 day moving average is $29.69 and its two-hundred day moving average is $25.88. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21. The stock has a market cap of $10.40 billion, a price-to-earnings ratio of 167.25 and a beta of 3.27.

Antero Resources (NYSE:AR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.04. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. Antero Resources had a return on equity of 0.18% and a net margin of 1.50%. Analysts forecast that Antero Resources will post 0.33 EPS for the current year.

Insider Activity at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 300,000 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $34.23, for a total value of $10,269,000.00. Following the completion of the sale, the director now directly owns 2,162,993 shares in the company, valued at $74,039,250.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Antero Resources news, insider Sheri Pearce sold 28,009 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total transaction of $736,356.61. Following the completion of the sale, the insider now directly owns 106,698 shares in the company, valued at approximately $2,805,090.42. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director W Howard Keenan, Jr. sold 300,000 shares of the firm's stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $34.23, for a total value of $10,269,000.00. Following the completion of the sale, the director now owns 2,162,993 shares of the company's stock, valued at $74,039,250.39. The disclosure for this sale can be found here. Insiders sold 877,280 shares of company stock worth $26,212,305 over the last three months. Company insiders own 5.95% of the company's stock.

Hedge Funds Weigh In On Antero Resources

Several large investors have recently added to or reduced their stakes in AR. Oslo Asset Management AS raised its holdings in shares of Antero Resources by 150.0% in the 4th quarter. Oslo Asset Management AS now owns 300,000 shares of the oil and natural gas company's stock worth $6,804,000 after purchasing an additional 180,000 shares during the period. Cerity Partners LLC bought a new stake in shares of Antero Resources in the 4th quarter worth approximately $1,015,000. Assenagon Asset Management S.A. raised its holdings in shares of Antero Resources by 129.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,508,156 shares of the oil and natural gas company's stock worth $34,205,000 after purchasing an additional 850,940 shares during the period. Kailix Advisors LLC raised its holdings in shares of Antero Resources by 28.4% in the 4th quarter. Kailix Advisors LLC now owns 1,914,213 shares of the oil and natural gas company's stock worth $43,414,000 after purchasing an additional 423,017 shares during the period. Finally, Moors & Cabot Inc. raised its holdings in shares of Antero Resources by 11.6% in the 3rd quarter. Moors & Cabot Inc. now owns 14,685 shares of the oil and natural gas company's stock worth $373,000 after purchasing an additional 1,525 shares during the period. 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.