Antero Resources Corporation (NYSE:AR – Get Free Report) shares passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $36.88 and traded as low as $36.38. Antero Resources shares last traded at $36.43, with a volume of 3,942,007 shares traded.
Analysts Set New Price Targets
Several research firms recently issued reports on AR. The Goldman Sachs Group lifted their price target on shares of Antero Resources from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, September 2nd. Wolfe Research restated an “outperform” rating and set a $48.00 price objective on shares of Antero Resources in a report on Thursday, July 30th. Morgan Stanley raised their price objective on shares of Antero Resources from $49.00 to $51.00 and gave the company an “overweight” rating in a research note on Thursday, October 15th. Barclays reduced their price objective on shares of Antero Resources from $46.00 to $45.00 and set an “equal weight” rating for the company in a report on Monday, August 17th. Finally, Wells Fargo & Company lifted their price objective on shares of Antero Resources from $57.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, October 30th. Five equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Antero Resources currently has an average rating of “Moderate Buy” and an average price target of $48.74.
Check Out Our Latest Research Report on AR
Antero Resources Price Performance
The business has a 50 day moving average price of $37.60 and a two-hundred day moving average price of $36.88. The stock has a market cap of $11.19 billion, a PE ratio of 8.22 and a beta of 0.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.39 and a current ratio of 0.39.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE purchased a new stake in shares of Antero Resources during the 2nd quarter valued at $40,916,000. BIP Wealth LLC bought a new stake in shares of Antero Resources during the 2nd quarter worth $1,633,000. Webs Creek Capital Management LP bought a new stake in shares of Antero Resources during the 2nd quarter worth $46,963,240. Counterpoint Mutual Funds LLC boosted its holdings in shares of Antero Resources by 3,281.2% in the 3rd quarter. Counterpoint Mutual Funds LLC now owns 273,369 shares of the oil and natural gas company’s stock worth $9,128,000 after buying an additional 265,284 shares during the last quarter. Finally, BlackRock Inc. purchased a new position in shares of Antero Resources in the 2nd quarter worth about $966,982,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.
About Antero Resources
Antero Resources Corporation is an independent energy company engaged in the development, production, exploration and acquisition of natural gas, natural gas liquids (NGLs) and oil. The company’s operations are focused primarily on the Appalachian Basin in the United States.
Antero Resources holds extensive interests in the Marcellus and Utica shale formations, with drilling and production activities concentrated in West Virginia and Ohio. Its product portfolio includes natural gas, ethane, propane, butane, natural gasoline and oil or condensate, which are marketed to domestic and international energy customers.
Founded in 2002 and headquartered in Denver, Colorado, Antero Resources became a publicly traded company in 2013.
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