Antero Resources (NYSE:AR) Stock Price Up 2.7% – Here’s What Happened

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

Wall Street Analyst Weigh In

AR has been the topic of several recent research reports. BMO Capital Markets lifted their target price on shares of Antero Resources from $33.00 to $34.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Raymond James lifted their price objective on Antero Resources from $34.00 to $44.00 and gave the company a “strong-buy” rating in a report on Thursday, November 21st. Barclays dropped their target price on Antero Resources from $32.00 to $30.00 and set an “equal weight” rating for the company in a report on Thursday, October 3rd. Morgan Stanley decreased their price target on Antero Resources from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Finally, Bank of America started coverage on shares of Antero Resources in a research note on Monday, October 28th. They issued a “buy” rating and a $36.00 target price on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $34.78.

Antero Resources Trading Up 1.3 %

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP grew its holdings in shares of Antero Resources by 4.0% in the 3rd 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 stake in 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 acquiring an additional 61,490 shares during the period. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Antero Resources by 10.4% in 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 in the last quarter. Merewether Investment Management LP raised its position in shares of Antero Resources by 4.6% during the second quarter. Merewether Investment Management LP now owns 2,943,948 shares of the oil and natural gas company’s stock worth $96,061,000 after purchasing an additional 128,200 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Antero Resources by 4.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company’s stock valued at $76,342,000 after purchasing an additional 122,815 shares in the last quarter. 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.