Antero Resources Co. (NYSE:AR) Short Interest Down 15.2% in March

Antero Resources Co. (NYSE:AR) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 12,490,000 shares, a decline of 15.2% from the March 15th total of 14,730,000 shares. Currently, 4.3% of the shares of the stock are short sold. Based on an average trading volume of 5,190,000 shares, the days-to-cover ratio is presently 2.4 days.

Analyst Ratings Changes

Several brokerages have issued reports on AR. JPMorgan Chase & Co. raised their price objective on shares of Antero Resources from $45.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, March 13th. Wells Fargo & Company raised their price target on Antero Resources from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 19th. StockNews.com raised Antero Resources to a “sell” rating in a research report on Thursday, February 13th. Morgan Stanley reiterated an “overweight” rating and set a $58.00 target price on shares of Antero Resources in a research report on Wednesday, March 26th. Finally, Williams Trading set a $48.00 price target on shares of Antero Resources in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Antero Resources currently has an average rating of “Moderate Buy” and a consensus price target of $42.44.

Antero Resources Stock Up 0.7 %

AR traded up $0.23 on Tuesday, hitting $32.29. The company had a trading volume of 687,617 shares, compared to its average volume of 4,160,132. The stock has a market capitalization of $10.05 billion, a price-to-earnings ratio of 101.17 and a beta of 3.08. The stock has a fifty day moving average price of $37.08 and a 200-day moving average price of $34.47. Antero Resources has a 12-month low of $24.53 and a 12-month high of $42.63. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35.

Antero Resources (NYSE:AR) last posted its earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. Analysts predict that Antero Resources will post 2.74 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total value of $7,952,000.00. Following the completion of the sale, the director now directly owns 1,800,000 shares in the company, valued at $71,568,000. This trade represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 6.70% of the company’s stock.

Institutional Investors Weigh In On Antero Resources

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC increased its holdings in shares of Antero Resources by 83.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 26,467 shares of the oil and natural gas company’s stock valued at $928,000 after acquiring an additional 12,062 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in shares of Antero Resources in the fourth quarter worth $556,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Antero Resources by 1,423.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,544 shares of the oil and natural gas company’s stock worth $304,000 after buying an additional 7,983 shares during the period. Sei Investments Co. increased its position in shares of Antero Resources by 7.3% in the 4th quarter. Sei Investments Co. now owns 178,183 shares of the oil and natural gas company’s stock valued at $6,246,000 after acquiring an additional 12,156 shares during the period. Finally, Capital CS Group LLC purchased a new position in Antero Resources in the 4th quarter worth $615,000. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

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.