Antero Resources (NYSE:AR) Price Target Raised to $40.00 at Mizuho

Antero Resources (NYSE:AR - Get Free Report) had its price objective increased by Mizuho from $35.00 to $40.00 in a report released on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the oil and natural gas company's stock. Mizuho's price objective would suggest a potential upside of 26.70% from the company's previous close.

AR has been the subject of several other reports. Wolfe Research raised 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. The Goldman Sachs Group cut their price target on Antero Resources from $36.00 to $32.00 and set a "buy" rating on the stock in a report on Friday, September 6th. Barclays decreased their target price on shares of Antero Resources from $32.00 to $30.00 and set an "equal weight" rating for the company in a research report on Thursday, October 3rd. Truist Financial cut their price objective on shares of Antero Resources from $29.00 to $28.00 and set a "hold" rating on the stock in a report on Monday, September 30th. Finally, Raymond James increased their price target on Antero Resources from $34.00 to $44.00 and gave the company a "strong-buy" rating in a research report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $34.33.

Antero Resources Stock Performance

AR stock traded down $0.80 during midday trading on Monday, reaching $31.57. 2,279,108 shares of the company were exchanged, compared to its average volume of 4,055,394. The firm has a market capitalization of $9.82 billion, a price-to-earnings ratio of 225.43 and a beta of 3.42. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. Antero Resources has a one year low of $20.56 and a one year high of $36.28. The business has a 50-day moving average price of $29.89 and a two-hundred day moving average price of $29.79.

Institutional Investors Weigh In On Antero Resources

A number of large investors have recently modified their holdings of the company. UMB Bank n.a. lifted its position in shares of Antero Resources by 357.3% during the 3rd quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company's stock valued at $25,000 after acquiring an additional 686 shares during the period. True Wealth Design LLC purchased a new stake in Antero Resources during the third quarter worth approximately $30,000. Capital Performance Advisors LLP purchased a new position in Antero Resources in the third quarter valued at about $45,000. Mattson Financial Services LLC purchased a new stake in Antero Resources during the 2nd quarter worth $64,000. Finally, Signaturefd LLC lifted its stake in shares of Antero Resources by 19.9% in the third quarter. Signaturefd LLC now owns 4,222 shares of the oil and natural gas company's stock worth $121,000 after acquiring an additional 702 shares in the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

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.