Antero Resources (NYSE:AR) Sets New 1-Year High - What's Next?

Antero Resources Co. (NYSE:AR - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $36.33 and last traded at $36.09, with a volume of 397283 shares traded. The stock had previously closed at $34.94.

Wall Street Analysts Forecast Growth

AR has been the subject of a number of analyst reports. UBS Group lifted their price target on shares of Antero Resources from $31.00 to $35.00 and gave the company a "neutral" rating in a research report on Monday, December 9th. BMO Capital Markets raised their price target on shares of Antero Resources from $33.00 to $34.00 and gave the company a "market perform" rating in a research note on Friday, October 4th. Truist Financial lowered their price objective on shares of Antero Resources from $29.00 to $28.00 and set a "hold" rating for the company in a research report on Monday, September 30th. Morgan Stanley cut their target price on shares of Antero Resources from $39.00 to $38.00 and set an "overweight" rating on the stock in a research report on Monday, September 16th. Finally, Wells Fargo & Company upgraded Antero Resources from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $24.00 to $32.00 in a research note on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $34.78.

Antero Resources Stock Up 2.9 %

The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. The stock's 50-day simple moving average is $31.45 and its 200 day simple moving average is $29.68. The firm has a market cap of $11.19 billion, a P/E ratio of 256.86 and a beta of 3.37.

Institutional Investors Weigh In On Antero Resources

Large investors have recently added to or reduced their stakes in the business. CIBC Asset Management Inc raised its holdings in shares of Antero Resources by 19.3% during the second quarter. CIBC Asset Management Inc now owns 8,494 shares of the oil and natural gas company's stock valued at $277,000 after purchasing an additional 1,372 shares during the period. Rhumbline Advisers grew its stake in Antero Resources by 1.1% in the second quarter. Rhumbline Advisers now owns 792,733 shares of the oil and natural gas company's stock valued at $25,867,000 after acquiring an additional 8,285 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Antero Resources by 2.7% during the second quarter. Victory Capital Management Inc. now owns 740,778 shares of the oil and natural gas company's stock valued at $24,172,000 after acquiring an additional 19,127 shares in the last quarter. Arizona State Retirement System raised its position in shares of Antero Resources by 2.9% during the second quarter. Arizona State Retirement System now owns 80,736 shares of the oil and natural gas company's stock worth $2,634,000 after purchasing an additional 2,269 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in shares of Antero Resources by 7,781.2% in the 2nd quarter. Acadian Asset Management LLC now owns 953,859 shares of the oil and natural gas company's stock worth $31,113,000 after purchasing an additional 941,756 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company's stock.

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.