Antero Resources (NYSE:AR) Trading Up 2.7% – Should You Buy?

Antero Resources Co. (NYSE:AR)’s share price was up 2.7% during mid-day trading on Wednesday . The stock traded as high as $37.93 and last traded at $37.68. Approximately 564,455 shares changed hands during trading, a decline of 84% from the average daily volume of 3,581,395 shares. The stock had previously closed at $36.68.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Raymond James lifted their price target on Antero Resources from $34.00 to $44.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 21st. Bank of America initiated coverage on Antero Resources in a research report on Monday, October 28th. They set a “buy” rating and a $36.00 price target on the stock. Wells Fargo & Company raised shares of Antero Resources from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $24.00 to $32.00 in a report on Tuesday, December 17th. Citigroup raised their price target on shares of Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Finally, Mizuho increased their price objective on shares of Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $34.78.

Antero Resources Price Performance

The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market capitalization of $11.93 billion, a price-to-earnings ratio of 273.86 and a beta of 3.37. The stock’s 50 day simple moving average is $32.23 and its 200-day simple moving average is $29.84.

Institutional Investors Weigh In On Antero Resources

A number of hedge funds have recently bought and sold shares of the company. Everence Capital Management Inc. bought a new stake in shares of Antero Resources in the fourth quarter valued at approximately $365,000. GAMMA Investing LLC boosted its holdings in Antero Resources by 15.8% in the 4th quarter. GAMMA Investing LLC now owns 3,064 shares of the oil and natural gas company’s stock valued at $107,000 after purchasing an additional 418 shares during the period. Confluence Investment Management LLC grew its position in Antero Resources by 6.4% in the 4th quarter. Confluence Investment Management LLC now owns 21,219 shares of the oil and natural gas company’s stock worth $744,000 after purchasing an additional 1,280 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Antero Resources by 40.6% during 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 purchasing an additional 218,517 shares during the period. Finally, World Investment Advisors LLC acquired a new position in shares of Antero Resources during the third quarter valued at about $210,000. 83.04% of the stock is currently owned by 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.