Antero Resources Target of Unusually Large Options Trading (NYSE:AR)

Antero Resources Co. (NYSE:AR - Get Free Report) was the target of unusually large options trading activity on Wednesday. Investors purchased 15,248 call options on the company. This represents an increase of approximately 143% compared to the average daily volume of 6,263 call options.

Institutional Trading of Antero Resources

Hedge funds have recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in shares of 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 worth $139,054,000 after acquiring an additional 61,490 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of 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 valued at $76,342,000 after purchasing an additional 122,815 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Antero Resources by 85.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 167,882 shares of the oil and natural gas company's stock valued at $4,810,000 after buying an additional 77,193 shares during the period. Driehaus Capital Management LLC bought a new stake in shares of Antero Resources during the second quarter worth $17,307,000. Finally, Kailix Advisors LLC acquired a new position in Antero Resources in the 3rd quarter worth $17,327,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Trading Down 3.3 %

NYSE:AR traded down $1.04 during mid-day trading on Wednesday, hitting $30.55. The company had a trading volume of 3,752,350 shares, compared to its average volume of 4,052,922. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28. Antero Resources has a fifty-two week low of $20.56 and a fifty-two week high of $36.28. The firm has a market cap of $9.51 billion, a P/E ratio of 218.21 and a beta of 3.42. The business's fifty day moving average is $29.92 and its two-hundred day moving average is $29.77.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wells Fargo & Company raised Antero Resources from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $24.00 to $32.00 in a report on Tuesday. Wolfe Research upgraded Antero Resources from a "peer perform" rating to an "outperform" rating and set a $37.00 target price on the stock in a report on Wednesday, September 11th. Roth Capital upgraded Antero Resources to a "strong-buy" rating in a research note on Tuesday, August 27th. JPMorgan Chase & Co. reduced their price target on shares of Antero Resources from $37.00 to $30.00 and set an "overweight" rating on the stock in a research report on Thursday, September 12th. Finally, BMO Capital Markets raised their price objective 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Antero Resources has a consensus rating of "Moderate Buy" and a consensus target price of $34.78.

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.