Antero Resources (NYSE:AR) Shares Gap Down – What’s Next?

Antero Resources Corporation (NYSE:AR)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $36.37, but opened at $33.80. Antero Resources shares last traded at $34.28, with a volume of 1,489,277 shares changing hands.

Wall Street Analyst Weigh In

AR has been the topic of a number of recent research reports. UBS Group lifted their target price on Antero Resources from $40.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. BMO Capital Markets raised their price objective on shares of Antero Resources from $37.00 to $40.00 and gave the stock a “market perform” rating in a report on Tuesday, December 9th. Barclays decreased their price objective on Antero Resources from $46.00 to $41.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 21st. Wall Street Zen cut Antero Resources from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Antero Resources in a report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Antero Resources presently has an average rating of “Moderate Buy” and a consensus price target of $45.60.

Antero Resources Stock Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market capitalization of $10.54 billion, a price-to-earnings ratio of 19.19 and a beta of 0.55. The stock has a 50-day moving average of $34.34 and a 200 day moving average of $33.30.

Insider Activity at Antero Resources

In other news, insider Brendan E. Krueger acquired 5,000 shares of Antero Resources stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average price of $33.35 per share, with a total value of $166,750.00. Following the purchase, the insider directly owned 295,917 shares of the company’s stock, valued at $9,868,831.95. The trade was a 1.72% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 6.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Antero Resources

Institutional investors have recently added to or reduced their stakes in the stock. CIBC Bancorp USA Inc. bought a new position in Antero Resources during the 3rd quarter worth about $77,294,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Antero Resources by 111.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,988,300 shares of the oil and natural gas company’s stock worth $137,437,000 after buying an additional 2,099,755 shares in the last quarter. AQR Capital Management LLC raised its position in Antero Resources by 140.2% in the 3rd quarter. AQR Capital Management LLC now owns 3,467,536 shares of the oil and natural gas company’s stock valued at $116,371,000 after buying an additional 2,023,828 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Antero Resources by 31.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 7,970,390 shares of the oil and natural gas company’s stock valued at $267,485,000 after acquiring an additional 1,922,977 shares in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in shares of Antero Resources during the 3rd quarter worth approximately $52,737,000. 83.04% of the stock is owned by institutional investors.

About Antero Resources

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.