Antero Resources Co. (NYSE:AR) Sees Large Growth in Short Interest

Antero Resources Co. (NYSE:AR) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 9,690,000 shares, an increase of 5.8% from the October 31st total of 9,160,000 shares. Currently, 3.4% of the shares of the company are short sold. Based on an average daily volume of 3,840,000 shares, the days-to-cover ratio is currently 2.5 days.

Antero Resources Stock Down 1.8 %

NYSE:AR traded down $0.59 during mid-day trading on Wednesday, hitting $31.49. The company had a trading volume of 407,234 shares, compared to its average volume of 4,073,769. Antero Resources has a 1 year low of $20.10 and a 1 year high of $36.28. The business has a fifty day simple moving average of $29.41 and a 200-day simple moving average of $29.92. 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 firm has a market capitalization of $9.80 billion, a price-to-earnings ratio of 229.29 and a beta of 3.42.

Wall Street Analysts Forecast Growth

Several research firms have commented on AR. Citigroup initiated coverage on Antero Resources in a research note on Tuesday, September 17th. They set a “neutral” rating and a $29.00 price objective for the company. Morgan Stanley reduced their price objective on shares of Antero Resources from $39.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. BMO Capital Markets raised their target price on Antero Resources from $33.00 to $34.00 and gave the company a “market perform” rating in a report on Friday, October 4th. UBS Group dropped their price objective on Antero Resources from $33.00 to $31.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. Finally, Mizuho decreased their target price on Antero Resources from $37.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Antero Resources has a consensus rating of “Moderate Buy” and an average price target of $33.50.

Hedge Funds Weigh In On Antero Resources

Several hedge funds and other institutional investors have recently bought and sold shares of AR. Franklin Resources Inc. grew its holdings in Antero Resources by 40.6% during the 3rd quarter. Franklin Resources Inc. now owns 756,128 shares of the oil and natural gas company’s stock worth $21,209,000 after acquiring an additional 218,517 shares in the last quarter. World Investment Advisors LLC bought a new position in shares of Antero Resources during the third quarter worth about $210,000. Geode Capital Management LLC grew its stake in 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 purchasing an additional 61,490 shares in the last quarter. M&T Bank Corp increased its holdings in Antero Resources by 3.2% in the third quarter. M&T Bank Corp now owns 24,155 shares of the oil and natural gas company’s stock valued at $692,000 after buying an additional 743 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd acquired a new stake in Antero Resources during the third quarter valued at approximately $430,000. 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.