Antero Resources (NYSE:AR) Price Target Cut to $35.00 by Analysts at Mizuho

Antero Resources (NYSE:AR) had its price target dropped by Mizuho from $37.00 to $35.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the oil and natural gas company’s stock. Mizuho’s price target points to a potential upside of 32.13% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Roth Mkm started coverage on shares of Antero Resources in a research note 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 increased their price target for the company from $40.00 to $44.00 in a report on Tuesday, August 20th. The Goldman Sachs Group lowered their price objective on Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. Wells Fargo & Company cut their target price on Antero Resources from $38.00 to $34.00 and set an “overweight” rating for the company in a research note on Wednesday, August 14th. Finally, Jefferies Financial Group boosted their price target on shares of Antero Resources from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $33.27.

Antero Resources Price Performance

NYSE AR remained flat at $26.49 during midday trading on Monday. The company’s stock had a trading volume of 159,809 shares, compared to its average volume of 4,130,855. Antero Resources has a 1-year low of $20.10 and a 1-year high of $36.28. The firm has a 50 day simple moving average of $28.12 and a 200-day simple moving average of $30.19. The stock has a market capitalization of $8.24 billion, a P/E ratio of 132.45 and a beta of 3.33. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22.

Antero Resources (NYSE:AR) last released its 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 company had revenue of $978.65 million for the quarter, compared to analysts’ expectations of $980.20 million. Antero Resources had a return on equity of 0.45% and a net margin of 1.88%. On average, research analysts predict that Antero Resources will post 0.34 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Yvette K. Schultz sold 50,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were 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 directly owns 248,363 shares of the company’s stock, valued at approximately $6,268,682.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.70% of the stock is currently owned by insiders.

Institutional Trading of Antero Resources

Hedge funds and other institutional investors have recently bought and sold shares of the company. Eagle Asset Management Inc. lifted its stake in Antero Resources by 9.3% during the fourth quarter. Eagle Asset Management Inc. now owns 3,340,434 shares of the oil and natural gas company’s stock valued at $75,761,000 after purchasing an additional 285,485 shares during the last quarter. Diversified Trust Co purchased a new position in shares of Antero Resources during the second quarter valued at $1,154,000. MADDEN SECURITIES Corp raised its position in Antero Resources by 38.5% during the first quarter. MADDEN SECURITIES Corp now owns 150,045 shares of the oil and natural gas company’s stock valued at $4,351,000 after buying an additional 41,725 shares during the period. CHURCHILL MANAGEMENT Corp acquired a new stake in Antero Resources during the 1st quarter worth about $1,544,000. Finally, GSA Capital Partners LLP purchased a new position in Antero Resources during the 1st quarter valued at about $1,022,000. 83.04% of the stock is owned by institutional investors.

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.