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

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

A number of other analysts also recently weighed in on AR. Roth Mkm started coverage on Antero Resources in a research note on Tuesday, August 27th. They issued a “buy” rating and a $32.00 price target on the stock. Roth Capital upgraded shares of Antero Resources to a “strong-buy” rating in a research report on Tuesday, August 27th. Truist Financial cut their price target on shares of Antero Resources from $29.00 to $28.00 and set a “hold” rating for the company in a report on Monday, September 30th. Citigroup boosted their price objective on shares of Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Finally, UBS Group increased their target price on shares of Antero Resources from $31.00 to $35.00 and gave the company a “neutral” rating in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Antero Resources has an average rating of “Moderate Buy” and a consensus target price of $34.78.

Antero Resources Price Performance

Shares of NYSE:AR opened at $30.55 on Monday. Antero Resources has a 52 week low of $20.56 and a 52 week high of $36.28. The company has a 50-day moving average price of $30.00 and a 200 day moving average price of $29.74. The company has a market cap of $9.51 billion, a P/E ratio of 218.21 and a beta of 3.42. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Icon Wealth Advisors LLC raised its position in shares of Antero Resources by 5.8% in the third quarter. Icon Wealth Advisors LLC now owns 8,459 shares of the oil and natural gas company’s stock valued at $242,000 after buying an additional 460 shares during the last quarter. Chickasaw Capital Management LLC raised its holdings in Antero Resources by 5.5% in the 3rd quarter. Chickasaw Capital Management LLC now owns 9,540 shares of the oil and natural gas company’s stock valued at $273,000 after acquiring an additional 500 shares during the last quarter. Wedmont Private Capital raised its holdings in Antero Resources by 4.2% in the 3rd quarter. Wedmont Private Capital now owns 16,906 shares of the oil and natural gas company’s stock valued at $505,000 after acquiring an additional 681 shares during the last quarter. UMB Bank n.a. lifted its stake 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 worth $25,000 after purchasing an additional 686 shares during the period. Finally, Signaturefd LLC boosted its holdings in shares of Antero Resources by 19.9% during the third quarter. Signaturefd LLC now owns 4,222 shares of the oil and natural gas company’s stock worth $121,000 after purchasing an additional 702 shares during the last quarter. 83.04% of the stock is currently 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.