Short Interest in Antero Resources Co. (NYSE:AR) Rises By 5.2%

Antero Resources Co. (NYSE:AR) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 9,350,000 shares, an increase of 5.2% from the January 15th total of 8,890,000 shares. Based on an average daily volume of 4,180,000 shares, the short-interest ratio is presently 2.2 days. Approximately 3.3% of the company’s stock are sold short.

Antero Resources Price Performance

Antero Resources stock traded down $0.31 during trading on Monday, reaching $39.84. The company had a trading volume of 3,880,629 shares, compared to its average volume of 4,851,639. The firm’s 50-day simple moving average is $36.43 and its 200 day simple moving average is $31.21. Antero Resources has a 1-year low of $22.01 and a 1-year high of $41.53. The firm has a market capitalization of $12.40 billion, a PE ratio of 284.57 and a beta of 3.33. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28.

Antero Resources (NYSE:AR) last posted its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.40 by $0.14. Antero Resources had a negative return on equity of 0.59% and a net margin of 1.03%. As a group, equities research analysts anticipate that Antero Resources will post -0.11 earnings per share for the current fiscal year.

Institutional Trading of Antero Resources

Institutional investors and hedge funds have recently bought and sold shares of the stock. Pinnacle Bancorp Inc. purchased a new stake in Antero Resources in the 4th quarter valued at about $28,000. True Wealth Design LLC purchased a new stake in Antero Resources during the third quarter worth about $30,000. Spire Wealth Management purchased a new stake in Antero Resources during the fourth quarter worth about $31,000. Capital Performance Advisors LLP purchased a new stake in Antero Resources during the third quarter worth about $45,000. Finally, Wilmington Savings Fund Society FSB increased its stake in Antero Resources by 205.2% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company’s stock worth $48,000 after purchasing an additional 913 shares during the period. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. UBS Group boosted their target price on shares of Antero Resources from $39.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday. Wells Fargo & Company upgraded shares of Antero Resources from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $24.00 to $32.00 in a research note on Tuesday, December 17th. JPMorgan Chase & Co. boosted their target price on shares of Antero Resources from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Tuesday, January 14th. Citigroup boosted their target price on shares of Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Finally, Raymond James upped their price target on shares of Antero Resources from $44.00 to $60.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.44.

Antero Resources Company Profile

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.