Antero Resources (NYSE:AR) Stock Price Up 2.7% - Still a Buy?

Antero Resources Co. (NYSE:AR - Get Free Report) shares traded up 2.7% on Wednesday . The stock traded as high as $37.93 and last traded at $37.68. 564,455 shares were traded 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.

Analyst Ratings Changes

AR has been the topic of several recent analyst reports. Citigroup raised their price objective on Antero Resources from $29.00 to $35.00 and gave the company a "neutral" rating in a research note on Friday, December 6th. Morgan Stanley decreased their price objective 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. BMO Capital Markets boosted their target price on Antero Resources from $33.00 to $34.00 and gave the stock a "market perform" rating in a research report on Friday, October 4th. Raymond James increased their target price on Antero Resources from $34.00 to $44.00 and gave the company a "strong-buy" rating in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Antero Resources from $37.00 to $30.00 and set an "overweight" rating for the company in a research note on Thursday, September 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $34.78.

Antero Resources Price Performance

The stock has a market cap of $11.77 billion, a PE ratio of 270.07 and a beta of 3.37. 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 has a fifty day moving average of $31.80 and a 200-day moving average of $29.73.

Institutional Trading of Antero Resources

Several institutional investors have recently modified their holdings of AR. Wellington Management Group LLP raised its holdings in Antero Resources by 4.0% during the third 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 in the last quarter. Geode Capital Management LLC raised its stake in shares of Antero Resources by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company's stock worth $139,054,000 after buying an additional 61,490 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Antero Resources by 10.4% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 4,378,849 shares of the oil and natural gas company's stock valued at $125,452,000 after buying an additional 411,549 shares during the period. Merewether Investment Management LP boosted its stake in shares of Antero Resources by 4.6% in the second quarter. Merewether Investment Management LP now owns 2,943,948 shares of the oil and natural gas company's stock valued at $96,061,000 after buying an additional 128,200 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in 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 acquiring an additional 122,815 shares during the period. Hedge funds and other institutional investors own 83.04% of the company's stock.

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.