Antero Resources (NYSE:AR) Price Target Cut to $35.00 by Analysts at Mizuho

Antero Resources (NYSE:AR) had its target price lowered by stock analysts at Mizuho from $37.00 to $35.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the oil and natural gas company’s stock. Mizuho’s price target indicates a potential upside of 32.13% from the company’s current price.

Several other research firms have also recently issued reports on AR. Wells Fargo & Company decreased their price target on Antero Resources from $38.00 to $34.00 and set an “overweight” rating on the stock in a report on Wednesday, August 14th. Scotiabank raised shares of Antero Resources from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $40.00 to $44.00 in a research note on Tuesday, August 20th. The Goldman Sachs Group dropped their price target on Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. JPMorgan Chase & Co. cut their target price on Antero Resources from $37.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Wolfe Research raised shares of Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 target price for the company in a research report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Antero Resources currently has an average rating of “Moderate Buy” and a consensus price target of $33.27.

Antero Resources Stock Performance

Shares of NYSE AR remained flat at $26.49 during midday trading on Monday. The company’s stock had a trading volume of 159,809 shares, compared to its average volume of 4,130,855. The business’s 50 day moving average price is $28.12 and its 200-day moving average price is $30.19. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. Antero Resources has a 12 month low of $20.10 and a 12 month high of $36.28. The firm has a market capitalization of $8.24 billion, a price-to-earnings ratio of 132.45 and a beta of 3.33.

Antero Resources (NYSE:AR) last released its quarterly earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). Antero Resources had a net margin of 1.88% and a return on equity of 0.45%. The business had revenue of $978.65 million for the quarter, compared to analyst estimates of $980.20 million. On average, equities research analysts expect that Antero Resources will post 0.34 EPS for the current year.

Insider Activity

In other Antero Resources news, insider Yvette K. Schultz sold 50,000 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $25.24, for a total value of $1,262,000.00. Following the completion of the transaction, the insider now owns 248,363 shares of the company’s stock, valued at approximately $6,268,682.12. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 6.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Antero Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in AR. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Antero Resources by 269.4% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,967,300 shares of the oil and natural gas company’s stock valued at $129,453,000 after purchasing an additional 2,893,395 shares during the period. Wellington Management Group LLP grew its stake in Antero Resources by 33.7% in the fourth quarter. Wellington Management Group LLP now owns 10,537,261 shares of the oil and natural gas company’s stock valued at $238,985,000 after acquiring an additional 2,655,604 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Antero Resources by 28.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,659,033 shares of the oil and natural gas company’s stock valued at $128,352,000 after acquiring an additional 1,253,510 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of Antero Resources by 488.7% in the 2nd quarter. Natixis Advisors LLC now owns 1,428,864 shares of the oil and natural gas company’s stock worth $46,624,000 after purchasing an additional 1,186,163 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in Antero Resources by 7,781.2% during the second quarter. Acadian Asset Management LLC now owns 953,859 shares of the oil and natural gas company’s stock worth $31,113,000 after buying an additional 941,756 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

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.