Antero Resources (NYSE:AR) Given New $54.00 Price Target at Mizuho

Antero Resources (NYSE:AR) had its target price lifted by stock analysts at Mizuho from $50.00 to $54.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the oil and natural gas company’s stock. Mizuho’s price target suggests a potential upside of 50.63% from the company’s previous close.

AR has been the topic of a number of other reports. Williams Trading set a $56.00 target price on shares of Antero Resources in a research report on Monday, April 20th. Zacks Research raised shares of Antero Resources from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Morgan Stanley increased their price objective on shares of Antero Resources from $54.00 to $56.00 and gave the company an “overweight” rating in a research report on Friday, April 17th. Barclays increased their price objective on shares of Antero Resources from $41.00 to $43.00 and gave the company an “equal weight” rating in a research report on Monday, March 16th. Finally, Truist Financial began coverage on shares of Antero Resources in a research report on Tuesday, March 24th. They set a “buy” rating and a $56.00 price objective on the stock. Five analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $50.06.

Antero Resources Stock Down 2.4%

NYSE:AR opened at $35.85 on Wednesday. The firm’s 50-day moving average price is $39.14 and its 200-day moving average price is $36.33. The company has a market capitalization of $11.11 billion, a PE ratio of 11.64 and a beta of 0.36. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.40 and a quick ratio of 0.40. Antero Resources has a 1-year low of $29.10 and a 1-year high of $45.75.

Insider Activity at Antero Resources

In related news, insider Yvette K. Schultz sold 39,490 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $39.27, for a total transaction of $1,550,772.30. Following the completion of the sale, the insider owned 277,665 shares in the company, valued at approximately $10,903,904.55. This represents a 12.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael N. Kennedy sold 185,826 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $39.33, for a total value of $7,308,536.58. Following the sale, the insider owned 1,085,192 shares of the company’s stock, valued at approximately $42,680,601.36. This trade represents a 14.62% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 252,316 shares of company stock worth $9,977,259. 6.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Antero Resources

Several institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its stake in shares of Antero Resources by 12.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,239,070 shares of the oil and natural gas company’s stock worth $434,597,000 after purchasing an additional 1,153,422 shares during the period. State Street Corp lifted its stake in shares of Antero Resources by 1.2% in the 3rd quarter. State Street Corp now owns 10,171,885 shares of the oil and natural gas company’s stock worth $341,368,000 after purchasing an additional 116,461 shares during the period. Sourcerock Group LLC lifted its stake in shares of Antero Resources by 10.6% in the 2nd quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company’s stock worth $328,529,000 after purchasing an additional 783,117 shares during the period. Invesco Ltd. lifted its stake in shares of Antero Resources by 18.0% in the 4th quarter. Invesco Ltd. now owns 4,999,747 shares of the oil and natural gas company’s stock worth $172,291,000 after purchasing an additional 761,842 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of Antero Resources by 35.4% in the 4th quarter. AQR Capital Management LLC now owns 4,694,364 shares of the oil and natural gas company’s stock worth $161,768,000 after purchasing an additional 1,226,828 shares during the period. Institutional investors own 83.04% of the company’s stock.

Antero Resources Company Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.