Antero Resources (NYSE:AR) Trading Up 4.5% – Time to Buy?

Shares of Antero Resources Co. (NYSE:AR) were up 4.5% during trading on Monday . The stock traded as high as $38.93 and last traded at $39.00. Approximately 1,339,592 shares changed hands during 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 brokerages have recently issued reports on AR. JPMorgan Chase & Co. upped their price target on Antero Resources from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Tuesday, January 14th. Barclays raised their price target on Antero Resources from $30.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. StockNews.com upgraded Antero Resources to a “sell” rating in a report on Thursday, January 16th. Citigroup boosted their price target on shares of Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Finally, Wells Fargo & Company upgraded shares of Antero Resources from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $24.00 to $32.00 in a research note on Tuesday, December 17th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $39.00.

Antero Resources Trading Up 2.1 %

The company’s 50 day simple moving average is $35.25 and its 200-day simple moving average is $30.66. The firm has a market cap of $12.30 billion, a P/E ratio of 282.32 and a beta of 3.33. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23.

Institutional Trading of Antero Resources

Several institutional investors have recently bought and sold shares of the business. UMB Bank n.a. increased its stake in Antero Resources by 357.3% during the third quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock worth $25,000 after acquiring an additional 686 shares during the last quarter. Pinnacle Bancorp Inc. acquired a new stake in Antero Resources during the 4th quarter worth $28,000. True Wealth Design LLC purchased a new position in Antero Resources in the 3rd quarter valued at $30,000. Spire Wealth Management purchased a new stake in Antero Resources in the 4th quarter valued at approximately $31,000. Finally, Capital Performance Advisors LLP acquired a new position in Antero Resources during the third quarter worth about $45,000. 83.04% of the stock is owned by institutional investors and hedge funds.

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.