Antero Resources (NYSE:AR) Hits New 1-Year High – What’s Next?

Antero Resources Co. (NYSE:AR)’s share price hit a new 52-week high on Wednesday . The company traded as high as $41.32 and last traded at $40.99, with a volume of 577966 shares. The stock had previously closed at $39.93.

Analyst Ratings Changes

A number of research analysts recently issued reports on AR shares. Benchmark restated a “hold” rating on shares of Antero Resources in a research report on Friday, January 17th. JPMorgan Chase & Co. boosted their price target on shares of Antero Resources from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Tuesday, January 14th. The Goldman Sachs Group increased their price objective on shares of Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday. Wells Fargo & Company upgraded shares of Antero Resources from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $24.00 to $32.00 in a research report on Tuesday, December 17th. Finally, Citigroup lifted their price target on Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $38.63.

Antero Resources Price Performance

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 company has a 50 day moving average of $34.40 and a two-hundred day moving average of $30.32. The firm has a market cap of $12.60 billion, a P/E ratio of 289.31 and a beta of 3.37.

Hedge Funds Weigh In On Antero Resources

Several hedge funds have recently made changes to their positions in AR. Geode Capital Management LLC boosted its holdings in Antero Resources by 1.3% during the third quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company’s stock worth $139,054,000 after buying an additional 61,490 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Antero Resources by 4.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company’s stock valued at $76,342,000 after acquiring an additional 122,815 shares during the last quarter. Capital CS Group LLC bought a new stake in shares of Antero Resources during the 4th quarter worth $615,000. Franklin Resources Inc. grew its holdings in shares of Antero Resources by 40.6% in the 3rd quarter. Franklin Resources Inc. now owns 756,128 shares of the oil and natural gas company’s stock worth $21,209,000 after acquiring an additional 218,517 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Antero Resources by 85.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 167,882 shares of the oil and natural gas company’s stock worth $4,810,000 after purchasing an additional 77,193 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

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.