Mizuho Trims Antero Resources (NYSE:AR) Target Price to $35.00

Antero Resources (NYSE:AR) had its price objective decreased by Mizuho from $37.00 to $35.00 in a report issued on Monday morning, Benzinga reports. Mizuho currently has a neutral rating on the oil and natural gas company’s stock.

AR has been the subject of a number of other research reports. Roth Mkm started coverage on Antero Resources in a research report on Tuesday, August 27th. They set a buy rating and a $32.00 price objective for the company. Scotiabank raised Antero Resources from a sector perform rating to a sector outperform rating and lifted their price objective for the stock from $40.00 to $44.00 in a research note on Tuesday, August 20th. The Goldman Sachs Group lowered their target price on Antero Resources from $36.00 to $32.00 and set a buy rating for the company in a research report on Friday, September 6th. Jefferies Financial Group lifted their price target on Antero Resources from $40.00 to $41.00 and gave the stock a buy rating in a research report on Thursday, July 11th. Finally, Wells Fargo & Company cut their price objective on shares of Antero Resources from $38.00 to $34.00 and set an overweight rating on the stock in a research report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $33.13.

Antero Resources Stock Performance

NYSE AR opened at $27.25 on Monday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. Antero Resources has a twelve month low of $20.10 and a twelve month high of $36.28. The business has a 50-day moving average price of $27.77 and a 200-day moving average price of $30.17. The firm has a market cap of $8.47 billion, a price-to-earnings ratio of 136.25 and a beta of 3.33.

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

Insider Activity

In other news, insider Yvette K. Schultz sold 50,000 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $25.24, for a total transaction of $1,262,000.00. Following the completion of the sale, the insider now owns 248,363 shares in the company, valued at approximately $6,268,682.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 6.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in AR. Capital Impact Advisors LLC acquired a new position in shares of Antero Resources in the 2nd quarter valued at $740,000. Creative Planning lifted its holdings in shares of Antero Resources by 6.8% during the second quarter. Creative Planning now owns 21,056 shares of the oil and natural gas company’s stock worth $687,000 after purchasing an additional 1,340 shares during the period. Driehaus Capital Management LLC purchased a new stake in Antero Resources in the second quarter valued at approximately $17,307,000. The Manufacturers Life Insurance Company increased its holdings in Antero Resources by 0.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 300,292 shares of the oil and natural gas company’s stock worth $9,799,000 after buying an additional 2,695 shares during the period. Finally, AQR Capital Management LLC raised its position in Antero Resources by 1,021.1% during the 2nd quarter. AQR Capital Management LLC now owns 483,725 shares of the oil and natural gas company’s stock worth $15,784,000 after buying an additional 440,578 shares during the last quarter. 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.