Antero Resources (NYSE:AR) Shares Up 2.7% – Still a Buy?

Antero Resources Co. (NYSE:AR)’s share price rose 2.7% on Wednesday . The stock traded as high as $37.93 and last traded at $37.68. Approximately 564,455 shares changed hands during trading, a decline of 84% from the average daily volume of 3,581,395 shares. The stock had previously closed at $36.68.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AR shares. Wells Fargo & Company upgraded shares of Antero Resources from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $24.00 to $32.00 in a research report on Tuesday, December 17th. StockNews.com upgraded Antero Resources to a “sell” rating in a research note on Friday, January 3rd. UBS Group upped their price target on shares of Antero Resources from $31.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, December 9th. Raymond James lifted their price objective on Antero Resources from $34.00 to $44.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 21st. Finally, Morgan Stanley decreased their target price on Antero Resources from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Antero Resources has a consensus rating of “Moderate Buy” and a consensus price target of $34.78.

Antero Resources Trading Up 3.1 %

The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. The firm has a market cap of $11.77 billion, a PE ratio of 270.07 and a beta of 3.37. The stock’s fifty day simple moving average is $31.80 and its two-hundred day simple moving average is $29.73.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its holdings in shares of Antero Resources by 15.8% during the 4th quarter. GAMMA Investing LLC now owns 3,064 shares of the oil and natural gas company’s stock valued at $107,000 after buying an additional 418 shares during the period. Icon Wealth Advisors LLC lifted its holdings in 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 acquiring an additional 460 shares during the period. Chickasaw Capital Management LLC boosted its position in Antero Resources by 5.5% in the third quarter. Chickasaw Capital Management LLC now owns 9,540 shares of the oil and natural gas company’s stock worth $273,000 after purchasing an additional 500 shares during the last quarter. Wedmont Private Capital grew its stake in shares of Antero Resources by 4.2% during 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 purchasing an additional 681 shares during the period. Finally, UMB Bank n.a. increased its position 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 valued at $25,000 after purchasing an additional 686 shares during the last quarter. 83.04% of the stock is owned by institutional investors.

About Antero Resources

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.