Antero Resources (NYSE:AR) Hits New 52-Week High – Time to Buy?

Antero Resources Co. (NYSE:AR)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $41.32 and last traded at $40.99, with a volume of 577966 shares traded. The stock had previously closed at $39.93.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Antero Resources to a “sell” rating in a report on Thursday, January 16th. Bank of America assumed coverage on Antero Resources in a report on Monday, October 28th. They issued a “buy” rating and a $36.00 target price for the company. Wells Fargo & Company upgraded Antero Resources from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $24.00 to $32.00 in a report on Tuesday, December 17th. The Goldman Sachs Group increased their price objective on Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Barclays lowered their target price on Antero Resources from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.63.

Antero Resources Stock Down 0.6 %

The firm has a market cap of $12.60 billion, a P/E ratio of 289.31 and a beta of 3.37. The business’s fifty day moving average price is $34.40 and its two-hundred day moving average price is $30.32. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. SeaBridge Investment Advisors LLC lifted its holdings in Antero Resources by 30.0% in the 4th quarter. SeaBridge Investment Advisors LLC now owns 57,608 shares of the oil and natural gas company’s stock worth $2,019,000 after purchasing an additional 13,302 shares during the last quarter. Caprock Group LLC raised its position in shares of Antero Resources by 0.6% in the fourth quarter. Caprock Group LLC now owns 58,401 shares of the oil and natural gas company’s stock valued at $2,047,000 after purchasing an additional 374 shares during the period. Mariner Investment Group LLC lifted its stake in shares of Antero Resources by 100.0% in the fourth quarter. Mariner Investment Group LLC now owns 30,000 shares of the oil and natural gas company’s stock worth $1,052,000 after buying an additional 15,000 shares during the last quarter. KBC Group NV boosted its holdings in shares of Antero Resources by 59.8% during the 4th quarter. KBC Group NV now owns 12,925 shares of the oil and natural gas company’s stock worth $453,000 after buying an additional 4,839 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new position in Antero Resources in the 4th quarter valued at $876,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

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.