Mizuho Forecasts Strong Price Appreciation for Antero Resources (NYSE:AR) Stock

Antero Resources (NYSE:AR) had its target price hoisted by stock analysts at Mizuho from $35.00 to $40.00 in a report released on Monday,Benzinga reports. The firm presently has a “neutral” rating on the oil and natural gas company’s stock. Mizuho’s target price points to a potential upside of 26.66% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the stock. Morgan Stanley reduced their target price on shares of Antero Resources from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Roth Capital upgraded shares of Antero Resources to a “strong-buy” rating in a research note on Tuesday, August 27th. UBS Group boosted their price target on shares of Antero Resources from $31.00 to $35.00 and gave the stock a “neutral” rating in a research note on Monday, December 9th. Scotiabank upgraded shares of Antero Resources from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $40.00 to $44.00 in a research note on Tuesday, August 20th. Finally, Wells Fargo & Company dropped their price target on shares of Antero Resources from $25.00 to $24.00 and set an “underweight” rating on the stock in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $34.78.

Antero Resources Price Performance

Shares of AR opened at $31.58 on Monday. Antero Resources has a 1-year low of $20.56 and a 1-year high of $36.28. The stock has a market cap of $9.83 billion, a PE ratio of 225.57 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. The firm has a fifty day moving average price of $29.92 and a 200 day moving average price of $29.77.

Institutional Trading of Antero Resources

Large investors have recently modified their holdings of the business. Geode Capital Management LLC grew its position in shares of Antero Resources by 1.3% in 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. Massachusetts Financial Services Co. MA grew its position in shares of Antero Resources by 4.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company’s stock valued at $76,342,000 after purchasing an additional 122,815 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Antero Resources by 85.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 167,882 shares of the oil and natural gas company’s stock valued at $4,810,000 after purchasing an additional 77,193 shares during the last quarter. Driehaus Capital Management LLC acquired a new stake in shares of Antero Resources in the second quarter valued at approximately $17,307,000. Finally, Kailix Advisors LLC purchased a new position in shares of Antero Resources during the third quarter valued at approximately $17,327,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

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.