Antero Resources (NYSE:AR) Shares Gap Up – Still a Buy?

Antero Resources Co. (NYSE:AR)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $33.30, but opened at $34.40. Antero Resources shares last traded at $34.99, with a volume of 1,199,951 shares.

Analyst Ratings Changes

AR has been the topic of a number of research reports. Truist Financial cut 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. Wells Fargo & Company raised shares of Antero Resources from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $24.00 to $32.00 in a report on Tuesday, December 17th. StockNews.com upgraded Antero Resources to a “sell” rating in a report on Friday, November 1st. Morgan Stanley cut their price target on Antero Resources from $39.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Finally, The Goldman Sachs Group reduced their price target on Antero Resources from $36.00 to $32.00 and set a “buy” rating for the company in a research report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $34.78.

Antero Resources Trading Up 7.6 %

The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. The stock has a market cap of $11.15 billion, a PE ratio of 255.93 and a beta of 3.42. The stock has a 50-day moving average of $30.64 and a 200 day moving average of $29.60.

Institutional Investors Weigh In On Antero Resources

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. grew its stake in shares of Antero Resources by 357.3% during the 3rd quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock worth $25,000 after purchasing an additional 686 shares during the period. True Wealth Design LLC acquired a new stake in Antero Resources during the third quarter valued at $30,000. Capital Performance Advisors LLP acquired a new stake in Antero Resources during the third quarter valued at $45,000. Mattson Financial Services LLC acquired a new position in shares of Antero Resources in the second quarter worth about $64,000. Finally, Signaturefd LLC raised its position in shares of Antero Resources by 19.9% in the third quarter. Signaturefd LLC now owns 4,222 shares of the oil and natural gas company’s stock worth $121,000 after acquiring an additional 702 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.