Antero Resources (NYSE:AR) Given New $41.00 Price Target at Mizuho

Antero Resources (NYSE:AR) had its target price trimmed by Mizuho from $49.00 to $41.00 in a research note released on Monday morning, MarketBeat.com reports. The firm currently has an outperform rating on the oil and natural gas company’s stock.

AR has been the subject of a number of other research reports. 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 report on Monday. Bank of America increased their price objective on shares of Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a report on Friday, May 23rd. Barclays increased their price objective on shares of Antero Resources from $38.00 to $43.00 and gave the company an “equal weight” rating in a report on Monday, July 7th. Morgan Stanley increased their price objective on shares of Antero Resources from $46.00 to $47.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Finally, Wells Fargo & Company set a $39.00 price target on shares of Antero Resources and gave the stock an “equal weight” rating in a report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $43.50.

Antero Resources Stock Down 1.8%

AR stock opened at $32.48 on Monday. The company has a market cap of $10.03 billion, a price-to-earnings ratio of 20.68 and a beta of 0.64. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.15. Antero Resources has a 12 month low of $25.36 and a 12 month high of $44.01. The firm has a 50-day moving average of $33.04 and a two-hundred day moving average of $36.17.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, July 30th. The oil and natural gas company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.33). The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.30 billion. Antero Resources had a net margin of 10.13% and a return on equity of 6.48%. The firm’s revenue was up 32.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.21) EPS. As a group, analysts forecast that Antero Resources will post 2.74 earnings per share for the current fiscal year.

Institutional Trading of Antero Resources

Institutional investors have recently added to or reduced their stakes in the stock. SVB Wealth LLC acquired a new stake in Antero Resources in the 1st quarter valued at approximately $26,000. Huntington National Bank increased its holdings in 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 valued at $26,000 after purchasing an additional 313 shares during the last quarter. Mascagni Wealth Management Inc. acquired a new stake in Antero Resources in the 4th quarter valued at approximately $31,000. Newbridge Financial Services Group Inc. increased its holdings in Antero Resources by 114.2% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 938 shares of the oil and natural gas company’s stock valued at $38,000 after purchasing an additional 500 shares during the last quarter. Finally, Capital A Wealth Management LLC acquired a new stake in Antero Resources in the 4th quarter valued at approximately $35,000. Institutional investors and hedge funds 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.