Short Interest in Antero Resources Co. (NYSE:AR) Increases By 54.9%

Antero Resources Co. (NYSE:AR) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 14,730,000 shares, an increase of 54.9% from the February 28th total of 9,510,000 shares. Approximately 5.1% of the shares of the stock are short sold. Based on an average daily volume of 4,700,000 shares, the days-to-cover ratio is presently 3.1 days.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were 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 owns 1,800,000 shares in the company, valued at approximately $71,568,000. This trade represents a 10.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 6.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC raised 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 worth $928,000 after acquiring an additional 12,062 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Antero Resources by 1.3% in 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 purchasing an additional 61,490 shares in the last quarter. Wealthfront Advisers LLC acquired a new position in shares of Antero Resources during the fourth quarter worth about $556,000. Allspring Global Investments Holdings LLC grew its holdings 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 in the last quarter. Finally, Capital CS Group LLC acquired a new stake in Antero Resources in the 4th quarter valued at approximately $615,000. Institutional investors own 83.04% of the company’s stock.

Antero Resources Stock Performance

Shares of Antero Resources stock opened at $40.50 on Tuesday. The stock’s fifty day simple moving average is $38.47 and its 200 day simple moving average is $33.72. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $12.60 billion, a PE ratio of 126.55 and a beta of 3.38. Antero Resources has a 12 month low of $24.53 and a 12 month high of $42.63.

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Antero Resources from $45.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, March 13th. Wells Fargo & Company lifted their target price on Antero Resources from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 19th. UBS Group upped their price target on Antero Resources from $39.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. The Goldman Sachs Group lifted their price objective on Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Finally, Truist Financial upped their target price on shares of Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $42.24.

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.