Antero Resources (NYSE:AR) Stock Price Up 3.1% – Still a Buy?

Antero Resources Corporation (NYSE:AR)’s stock price was up 3.1% during trading on Wednesday . The company traded as high as $35.62 and last traded at $35.4960. Approximately 441,445 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 5,155,989 shares. The stock had previously closed at $34.42.

Analysts Set New Price Targets

A number of analysts recently weighed in on AR shares. Benchmark boosted their target price on Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. JPMorgan Chase & Co. decreased their target price on Antero Resources from $49.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, July 8th. UBS Group lifted their price target on shares of Antero Resources from $52.00 to $58.00 and gave the company a “buy” rating in a report on Monday, September 14th. Raymond James Financial increased their price target on shares of Antero Resources from $50.00 to $55.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, September 1st. Finally, Wolfe Research restated an “outperform” rating and issued a $48.00 price objective on shares of Antero Resources in a report on Thursday, July 30th. Four analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $49.06.

Antero Resources Stock Up 5.1%

The company has a debt-to-equity ratio of 0.29, a current ratio of 0.40 and a quick ratio of 0.40. The stock’s 50 day simple moving average is $36.64 and its two-hundred day simple moving average is $37.22. The firm has a market cap of $11.12 billion, a P/E ratio of 10.41 and a beta of 0.35.

Hedge Funds Weigh In On Antero Resources

Hedge funds have recently bought and sold shares of the business. Brandywine Global Investment Management LLC boosted its holdings in Antero Resources by 77.8% in the fourth quarter. Brandywine Global Investment Management LLC now owns 215,470 shares of the oil and natural gas company’s stock worth $7,425,000 after purchasing an additional 94,260 shares during the last quarter. BIP Wealth LLC bought a new position in shares of Antero Resources during the 2nd quarter valued at $1,633,000. Bank of America Corp DE bought a new position in shares of Antero Resources during the 2nd quarter valued at $40,916,000. Bank of New York Mellon Corp boosted its stake in shares of Antero Resources by 22.5% in the 4th quarter. Bank of New York Mellon Corp now owns 3,101,208 shares of the oil and natural gas company’s stock worth $106,868,000 after buying an additional 569,817 shares during the last quarter. Finally, BlackRock Inc. purchased a new position in shares of Antero Resources in the 2nd quarter worth $966,982,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Company Profile

Antero Resources Corporation (NYSE: AR) is an independent oil and natural gas exploration and production company. Its operations are focused primarily on developing unconventional reserves in the Appalachian Basin, where it produces natural gas, natural gas liquids (NGLs) and oil.

The company’s core properties are located in the Marcellus and Utica shale plays of West Virginia and Ohio. Its products include natural gas and NGLs such as ethane, propane, butane and natural gasoline, which are marketed to customers in domestic and international energy markets.

Founded in 2002 and headquartered in Denver, Colorado, Antero Resources became a publicly traded company in 2013.