Mizuho Issues Pessimistic Forecast for Antero Resources (NYSE:AR) Stock Price

Antero Resources (NYSE:AR) had its target price decreased by investment analysts at Mizuho from $57.00 to $51.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the oil and natural gas company’s stock. Mizuho’s target price suggests a potential upside of 43.21% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Barclays dropped their price objective on shares of Antero Resources from $46.00 to $45.00 and set an “equal weight” rating for the company in a research report on Monday, August 17th. JPMorgan Chase & Co. cut their price objective on Antero Resources from $49.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 8th. Morgan Stanley restated an “overweight” rating and set a $49.00 price objective on shares of Antero Resources in a research note on Wednesday, August 19th. Weiss Ratings upgraded Antero Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, September 3rd. Finally, Jefferies Financial Group dropped their target price on Antero Resources from $60.00 to $56.00 and set a “buy” rating on the stock in a report on Friday, October 2nd. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $48.11.

Antero Resources Stock Down 0.3%

Shares of NYSE:AR opened at $35.61 on Thursday. The stock has a 50-day simple moving average of $36.76 and a 200-day simple moving average of $36.79. The stock has a market capitalization of $10.95 billion, a P/E ratio of 10.23 and a beta of 0.54. Antero Resources has a 1 year low of $29.10 and a 1 year high of $45.75. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.40 and a current ratio of 0.40.

Institutional Trading of Antero Resources

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE acquired a new stake in shares of Antero Resources during the 2nd quarter worth approximately $40,916,000. BIP Wealth LLC bought a new stake in shares of Antero Resources during the second quarter valued at approximately $1,633,000. BlackRock Inc. acquired a new position in shares of Antero Resources during the second quarter worth approximately $966,982,000. Clough Capital Partners L P grew its holdings 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 buying an additional 159,332 shares in the last quarter. Finally, Oxbow Advisors LLC bought a new position in Antero Resources in the 2nd quarter worth approximately $6,004,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

About Antero Resources

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.