Antero Resources (NYSE:AR) Given New $40.00 Price Target at Mizuho

Antero Resources (NYSE:AR) had its price target raised by Mizuho from $35.00 to $40.00 in a research note released on Monday,Benzinga reports. They currently have a neutral rating on the oil and natural gas company’s stock.

Several other analysts have also recently commented on the company. Citigroup lifted their price target on Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Truist Financial dropped their price target on shares of Antero Resources from $29.00 to $28.00 and set a “hold” rating for the company in a research report on Monday, September 30th. The Goldman Sachs Group decreased their price target on shares of Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a report on Friday, September 6th. JPMorgan Chase & Co. dropped their price objective on Antero Resources from $37.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, September 12th. Finally, Roth Capital upgraded Antero Resources to a “strong-buy” rating in a report on Tuesday, August 27th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $34.33.

Antero Resources Price Performance

AR stock opened at $31.57 on Monday. The stock has a market capitalization of $9.82 billion, a price-to-earnings ratio of 225.50 and a beta of 3.42. The stock’s fifty day simple moving average is $29.92 and its 200-day simple moving average is $29.77. Antero Resources has a 52-week low of $20.56 and a 52-week high of $36.28. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23.

Hedge Funds Weigh In On Antero Resources

A number of institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its position in shares of Antero Resources by 40.6% in the 3rd quarter. Franklin Resources Inc. now owns 756,128 shares of the oil and natural gas company’s stock valued at $21,209,000 after purchasing an additional 218,517 shares in the last quarter. World Investment Advisors LLC acquired a new position in Antero Resources in the third quarter worth $210,000. Geode Capital Management LLC increased its stake in Antero Resources by 1.3% during the third quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company’s stock valued at $139,054,000 after purchasing an additional 61,490 shares during the last quarter. M&T Bank Corp raised its holdings in shares of Antero Resources by 3.2% during the third quarter. M&T Bank Corp now owns 24,155 shares of the oil and natural gas company’s stock worth $692,000 after purchasing an additional 743 shares during the period. Finally, Gordian Capital Singapore Pte Ltd bought a new position in shares of Antero Resources in the 3rd quarter worth about $430,000. 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.