Antero Resources (NYSE:AR) Price Target Increased to $29.00 by Analysts at Mizuho

Antero Resources (NYSE:ARFree Report) had its price target boosted by Mizuho from $28.00 to $29.00 in a report issued on Wednesday morning, Benzinga reports. Mizuho currently has a neutral rating on the oil and natural gas company’s stock.

Other equities analysts have also issued research reports about the stock. Truist Financial boosted their target price on shares of Antero Resources from $27.00 to $28.00 and gave the stock a hold rating in a research report on Friday, February 16th. Morgan Stanley boosted their target price on shares of Antero Resources from $24.00 to $26.00 and gave the stock an equal weight rating in a research report on Thursday, March 28th. Tudor, Pickering, Holt & Co. upgraded shares of Antero Resources from a hold rating to a buy rating and set a $32.00 price target on the stock in a research note on Wednesday, January 17th. Raymond James lifted their price target on shares of 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, JPMorgan Chase & Co. lifted their price target on shares of Antero Resources from $30.00 to $32.00 and gave the stock an overweight rating in a research note on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Antero Resources presently has an average rating of Hold and an average target price of $29.27.

View Our Latest Report on AR

Antero Resources Trading Down 0.3 %

NYSE:AR opened at $29.41 on Wednesday. Antero Resources has a 12 month low of $19.91 and a 12 month high of $30.90. The firm has a market cap of $8.93 billion, a price-to-earnings ratio of 38.20 and a beta of 3.30. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.21. The company’s 50 day moving average is $25.07 and its 200-day moving average is $24.85.

Antero Resources (NYSE:ARGet Free Report) last announced its 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. Antero Resources had a net margin of 5.19% and a return on equity of 2.10%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.17 billion. Equities analysts anticipate that Antero Resources will post 0.39 EPS for the current year.

Insider Activity

In other news, insider Sheri Pearce sold 28,009 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $26.29, for a total value of $736,356.61. Following the sale, the insider now owns 106,698 shares in the company, valued at approximately $2,805,090.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director W Howard Keenan, Jr. sold 206,978 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $26.15, for a total transaction of $5,412,474.70. Following the transaction, the director now owns 3,793,022 shares in the company, valued at approximately $99,187,525.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Sheri Pearce sold 28,009 shares of the company’s 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 transaction, the insider now owns 106,698 shares in the company, valued at approximately $2,805,090.42. The disclosure for this sale can be found here. In the last quarter, insiders have sold 467,280 shares of company stock worth $12,153,605. Corporate insiders own 5.95% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. raised its holdings in Antero Resources by 129.5% during 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 last quarter. Moors & Cabot Inc. raised its holdings in Antero Resources by 11.6% during 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 last quarter. Barclays PLC raised its holdings in Antero Resources by 1,148.9% during the 2nd quarter. Barclays PLC now owns 814,125 shares of the oil and natural gas company’s stock worth $18,752,000 after purchasing an additional 748,938 shares during the last quarter. Acadian Asset Management LLC raised its holdings in Antero Resources by 666.2% during the 3rd quarter. Acadian Asset Management LLC now owns 49,216 shares of the oil and natural gas company’s stock worth $1,247,000 after purchasing an additional 42,793 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Antero Resources by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 27,520,782 shares of the oil and natural gas company’s stock worth $698,477,000 after purchasing an additional 113,864 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

About Antero Resources

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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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Analyst Recommendations for Antero Resources (NYSE:AR)

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