Truist Financial has raised the target price for Antero Resources from $32.00 to $36.00, according to a research report. This comes after other analysts also issued research reports on the company’s stock. Mizuho lowered their price target to $39.00 and gave the stock a buy rating. JPMorgan Chase downgraded the stock from overweight to neutral and decreased their price target. TheStreet also lowered their rating on Antero Resources.
Antero Resources is an oil and natural gas company with a market capitalization of $8.14 billion. The stock has a price-to-earnings ratio of 6.10 and a beta of 3.49. The firm’s 50-day moving average price is $26.09. The company announced its quarterly earnings results in July, reporting $0.01 higher than analysts’ consensus estimates. Antero Resources had a return on equity of 13.17% and a net margin of 21.81%. The company’s revenue was down 56.7% compared to the same quarter last year. Analysts predict that Antero Resources will post 0.37 earnings per share for the current year.
Institutional investors and hedge funds have modified their holdings of Antero Resources. Vanguard Group now owns over 26 million shares of the company’s stock. State Street Corp has also increased its stake. Other investors include Capital World Investors, Goldman Sachs Group, and Renaissance Technologies.
Antero Resources engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids, and oil properties in the United States. The company operates through three segments: Exploration, Development and Production of Natural Gas, NGLs and Oil; Marketing and Utilization of Excess Firm Transportation Capacity; and Midstream Services Through Our Equity Method Investment in Antero Midstream.
Source: claytoncountyregister.com
