Antero Resources (NYSE:AR) Shares Up 4.5% - Still a Buy?

Antero Resources Co. (NYSE:AR - Get Free Report) shares were up 4.5% on Monday . The company traded as high as $38.93 and last traded at $39.00. Approximately 1,339,592 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 4,970,509 shares. The stock had previously closed at $37.32.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AR. Bank of America assumed coverage on shares of Antero Resources in a report on Monday, October 28th. They set a "buy" rating and a $36.00 price target for the company. Truist Financial lifted their target price on shares of Antero Resources from $28.00 to $38.00 and gave the company a "hold" rating in a research note on Monday, January 13th. Benchmark reaffirmed a "hold" rating on shares of Antero Resources in a research note on Friday, January 17th. Barclays lifted their price objective on Antero Resources from $30.00 to $36.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. Finally, Mizuho upped their target price on Antero Resources from $35.00 to $40.00 and gave the stock a "neutral" rating in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $39.00.

Antero Resources Stock Performance

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 stock's 50-day simple moving average is $35.51 and its two-hundred day simple moving average is $30.78. The stock has a market cap of $11.92 billion, a price-to-earnings ratio of 273.54 and a beta of 3.33.

Institutional Trading of Antero Resources

Several hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its holdings in shares of 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 buying an additional 675,053 shares during the last quarter. Geode Capital Management LLC increased its position in Antero Resources by 1.3% during the third 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 acquiring an additional 61,490 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in Antero Resources by 10.4% during 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 purchasing an additional 411,549 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Antero Resources in the 4th quarter valued at $140,020,000. Finally, Massachusetts Financial Services Co. MA grew its position in Antero Resources by 4.8% in the 3rd 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 purchasing an additional 122,815 shares during the last quarter. 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.