Antero Resources (NYSE:AR) Trading 4.5% Higher – Should You Buy?

Shares of Antero Resources Co. (NYSE:AR) shot up 4.5% during trading on Monday . The company traded as high as $38.93 and last traded at $39.00. 1,339,592 shares traded hands during 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

Several equities analysts have recently weighed in on AR shares. StockNews.com raised shares of Antero Resources to a “sell” rating in a research report on Thursday, January 16th. Raymond James boosted their price objective on Antero Resources from $44.00 to $60.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. Bank of America assumed coverage on shares of Antero Resources in a report on Monday, October 28th. They set a “buy” rating and a $36.00 target price on the stock. Truist Financial upped their price objective on shares of Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. lifted their price target on Antero Resources from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Tuesday, January 14th. One investment 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $39.00.

Antero Resources Stock Performance

The company has a 50 day simple moving average of $35.04 and a 200-day simple moving average of $30.54. The stock has a market capitalization of $12.11 billion, a price-to-earnings ratio of 278.00 and a beta of 3.33. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23.

Institutional Investors Weigh In On Antero Resources

A number of hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its holdings in Antero Resources by 4.0% during the third quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company’s stock worth $500,231,000 after purchasing an additional 675,053 shares during the last quarter. Geode Capital Management LLC increased its position in shares of 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 valued at $139,054,000 after acquiring an additional 61,490 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings 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 worth $125,452,000 after acquiring an additional 411,549 shares during the period. Massachusetts Financial Services Co. MA boosted its position 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 last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in 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 valued at $55,278,000 after purchasing an additional 27,617 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

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.