Antero Resources Co. (NYSE:AR) Short Interest Up 54.9% in March

Antero Resources Co. (NYSE:AR - Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 14,730,000 shares, a growth of 54.9% from the February 28th total of 9,510,000 shares. Currently, 5.1% of the company's stock are sold short. Based on an average trading volume of 4,700,000 shares, the days-to-cover ratio is presently 3.1 days.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on AR shares. UBS Group lifted their price target on shares of Antero Resources from $39.00 to $44.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. JPMorgan Chase & Co. upped their target price on Antero Resources from $45.00 to $47.00 and gave the company an "overweight" rating in a report on Thursday, March 13th. StockNews.com raised Antero Resources to a "sell" rating in a research note on Thursday, February 13th. Benchmark restated a "hold" rating on shares of Antero Resources in a research note on Friday, January 17th. Finally, Truist Financial upped their price objective on shares of Antero Resources from $28.00 to $38.00 and gave the stock a "hold" rating in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Antero Resources currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.24.

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Insider Buying and Selling at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the transaction, the director now directly owns 1,800,000 shares in the company, valued at $71,568,000. This trade represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AR. Pinnacle Bancorp Inc. bought a new position in shares of Antero Resources in the fourth quarter worth about $28,000. True Wealth Design LLC acquired a new position in shares of Antero Resources during the third quarter worth approximately $30,000. Spire Wealth Management bought a new stake in shares of Antero Resources in the fourth quarter valued at approximately $31,000. Mascagni Wealth Management Inc. acquired a new stake in shares of Antero Resources in the fourth quarter worth $31,000. Finally, Capital A Wealth Management LLC acquired a new stake in shares of Antero Resources in the fourth quarter worth $35,000. 83.04% of the stock is owned by institutional investors.

Antero Resources Trading Down 6.5 %

AR stock traded down $2.74 during mid-day trading on Thursday, reaching $39.26. 3,598,107 shares of the stock traded hands, compared to its average volume of 3,989,125. The stock's fifty day moving average is $38.52 and its 200-day moving average is $33.88. The company has a market cap of $12.22 billion, a P/E ratio of 122.69 and a beta of 3.38. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21. Antero Resources has a 52-week low of $24.53 and a 52-week high of $42.63.

Antero Resources (NYSE:AR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The oil and natural gas company reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.14. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. As a group, sell-side analysts expect that Antero Resources will post 2.74 earnings per share for the current year.

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.