Antero Resources (NYSE:AR) Stock Gets Price Target Reduction from Mizuho

Antero Resources (NYSE:AR) had its target price decreased by Mizuho from $57.00 to $51.00 in a research report report published on Thursday morning, Marketbeat.com reports. Mizuho currently has an outperform rating on the oil and natural gas company’s stock.

A number of other analysts have also recently commented on the company. UBS Group cut their price objective on Antero Resources from $58.00 to $54.00 and set a “buy” rating for the company in a research report on Tuesday. Texas Capital upgraded Antero Resources to a “strong-buy” rating in a research report on Thursday, June 25th. Morgan Stanley reissued an “overweight” rating and issued a $49.00 price target on shares of Antero Resources in a research note on Wednesday, August 19th. Truist Financial cut their price target on shares of Antero Resources from $52.00 to $46.00 and set a “buy” rating for the company in a report on Monday, October 5th. Finally, Stifel Nicolaus started coverage on shares of Antero Resources in a report on Thursday, September 10th. They issued a “hold” rating and a $42.00 price target for the company. Four research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Antero Resources currently has a consensus rating of “Moderate Buy” and an average price target of $48.11.

Antero Resources Price Performance

Shares of Antero Resources stock opened at $35.90 on Thursday. The firm has a market cap of $11.04 billion, a PE ratio of 10.32 and a beta of 0.54. Antero Resources has a twelve month low of $29.10 and a twelve month high of $45.75. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average price of $36.77 and a 200 day moving average price of $36.74.

Institutional Trading of Antero Resources

Several large investors have recently made changes to their positions in AR. Bank of America Corp DE acquired a new position in Antero Resources during the second quarter worth about $40,916,000. BIP Wealth LLC purchased a new stake in Antero Resources during the 2nd quarter valued at about $1,633,000. BlackRock Inc. acquired a new stake in Antero Resources in the 2nd quarter valued at about $966,982,000. Clough Capital Partners L P lifted its stake in Antero Resources by 46.3% in the 1st quarter. Clough Capital Partners L P now owns 503,153 shares of the oil and natural gas company’s stock worth $21,354,000 after purchasing an additional 159,332 shares in the last quarter. Finally, Oxbow Advisors LLC purchased a new position in Antero Resources in the 2nd quarter worth approximately $6,004,000. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Antero Resources Company Profile

Antero Resources Corporation (NYSE: AR) is an independent oil and natural gas company engaged in the acquisition, development and production of unconventional resources. The company’s operations are focused primarily on the Appalachian Basin, where it produces natural gas, natural gas liquids (NGLs) and crude oil.

Antero’s asset base is concentrated in the Marcellus and Utica shale formations in West Virginia and Ohio. Its products include pipeline-quality natural gas as well as NGLs such as ethane, propane, butane and natural gasoline.