Antero Resources (NYSE:AR) Stock Price Up 4.5% – Time to Buy?

Antero Resources Co. (NYSE:AR)’s share price shot up 4.5% during mid-day trading on Monday . The stock traded as high as $38.93 and last traded at $39.00. 1,339,592 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 4,970,509 shares. The stock had previously closed at $37.32.

Analyst Upgrades and Downgrades

AR has been the topic of a number of analyst reports. StockNews.com upgraded Antero Resources to a “sell” rating in a research report on Thursday, January 16th. UBS Group upped their target price on Antero Resources from $35.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. increased their target price on shares of Antero Resources from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Tuesday, January 14th. The Goldman Sachs Group raised their price target on shares of Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Finally, Bank of America assumed coverage on shares of Antero Resources in a research report on Monday, October 28th. They set a “buy” rating and a $36.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Antero Resources has an average rating of “Moderate Buy” and a consensus price target of $39.00.

Antero Resources Price Performance

The company has a fifty day moving average of $35.25 and a 200-day moving average of $30.66. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The stock has a market cap of $12.30 billion, a PE ratio of 282.32 and a beta of 3.33.

Hedge Funds Weigh In On Antero Resources

A number of large investors have recently bought and sold shares of the company. Wellington Management Group LLP raised its holdings in Antero Resources by 4.0% in the third quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company’s stock valued at $500,231,000 after buying an additional 675,053 shares during the period. Geode Capital Management LLC grew its holdings in Antero Resources by 1.3% during the 3rd 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 acquiring an additional 61,490 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in Antero Resources by 10.4% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 4,378,849 shares of the oil and natural gas company’s stock valued at $125,452,000 after buying an additional 411,549 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Antero Resources by 4.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company’s stock worth $76,342,000 after purchasing an additional 122,815 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Antero Resources by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,929,424 shares of the oil and natural gas company’s stock worth $55,278,000 after purchasing an additional 27,617 shares during the last quarter. Hedge funds and other institutional investors 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.