Antero Resources (NYSE:AR) Shares Gap Up - Time to Buy?

Antero Resources Co. (NYSE:AR - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $33.30, but opened at $34.40. Antero Resources shares last traded at $34.99, with a volume of 1,199,951 shares trading hands.

Analyst Ratings Changes

AR has been the subject of several analyst reports. StockNews.com raised Antero Resources to a "sell" rating in a report on Friday, November 1st. BMO Capital Markets lifted their target price on shares of Antero Resources from $33.00 to $34.00 and gave the stock a "market perform" rating in a research report on Friday, October 4th. Wells Fargo & Company upgraded 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 research report on Tuesday, December 17th. Morgan Stanley decreased their target price on Antero Resources from $39.00 to $38.00 and set an "overweight" rating for the company in a research report on Monday, September 16th. Finally, The Goldman Sachs Group dropped their price target on Antero Resources from $36.00 to $32.00 and set a "buy" rating on the stock in a research report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $34.78.

Antero Resources Price Performance

The stock has a market cap of $11.05 billion, a P/E ratio of 253.71 and a beta of 3.42. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The company's fifty day simple moving average is $30.64 and its 200-day simple moving average is $29.60.

Institutional Investors Weigh In On Antero Resources

Several large investors have recently modified their holdings of 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 worth $500,231,000 after purchasing an additional 675,053 shares during the last quarter. Geode Capital Management LLC boosted its position 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 buying an additional 61,490 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in Antero Resources by 10.4% during 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 buying an additional 411,549 shares during the last quarter. Merewether Investment Management LP increased its holdings 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 buying an additional 128,200 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Antero Resources by 4.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company's stock worth $76,342,000 after buying 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.