Antero Resources (NYSE:AR) Sets New 1-Year High – Here’s Why

Antero Resources Co. (NYSE:AR) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $36.33 and last traded at $36.09, with a volume of 397283 shares changing hands. The stock had previously closed at $34.94.

Analysts Set New Price Targets

A number of research firms have recently commented on AR. Truist Financial reduced their target price on shares of Antero Resources from $29.00 to $28.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. Mizuho boosted their price objective on shares of Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Bank of America started coverage on Antero Resources in a research note on Monday, October 28th. They set a “buy” rating and a $36.00 target price for the company. StockNews.com upgraded Antero Resources to a “sell” rating in a research note on Friday, January 3rd. Finally, Citigroup lifted their price objective on Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $34.78.

Antero Resources Price Performance

The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. The company has a fifty day moving average price of $31.80 and a 200 day moving average price of $29.73. The company has a market capitalization of $11.42 billion, a P/E ratio of 262.14 and a beta of 3.37.

Institutional Investors Weigh In On Antero Resources

Large investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. boosted its holdings in shares of 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 valued at $25,000 after acquiring an additional 686 shares during the period. True Wealth Design LLC acquired a new position in Antero Resources during the 3rd quarter valued at about $30,000. Capital Performance Advisors LLP acquired a new position in Antero Resources during the 3rd quarter valued at about $45,000. Mattson Financial Services LLC acquired a new stake in shares of Antero Resources in the second quarter valued at approximately $64,000. Finally, GAMMA Investing LLC increased its stake in shares of Antero Resources by 15.8% in the fourth quarter. GAMMA Investing LLC now owns 3,064 shares of the oil and natural gas company’s stock valued at $107,000 after purchasing an additional 418 shares during the period. 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.