Antero Resources Sees Unusually Large Options Volume (NYSE:AR)

Antero Resources Co. (NYSE:AR) saw unusually large options trading on Wednesday. Traders bought 15,248 call options on the company. This is an increase of approximately 143% compared to the average daily volume of 6,263 call options.

Wall Street Analysts Forecast Growth

AR has been the subject of several research reports. Wells Fargo & Company upgraded Antero Resources from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $24.00 to $32.00 in a research report on Tuesday. Raymond James lifted their price target on shares of Antero Resources from $34.00 to $44.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 21st. UBS Group raised their target price on Antero Resources from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, December 9th. Roth Mkm assumed coverage on shares of Antero Resources in a research report on Tuesday, August 27th. They set a “buy” rating and a $32.00 target price for the company. Finally, Roth Capital raised Antero Resources to a “strong-buy” rating in a research note on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $34.78.

Antero Resources Stock Up 1.0 %

Antero Resources stock opened at $30.86 on Friday. Antero Resources has a twelve month low of $20.56 and a twelve month high of $36.28. 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 firm has a 50 day moving average price of $30.04 and a 200-day moving average price of $29.75. The company has a market capitalization of $9.60 billion, a P/E ratio of 220.43 and a beta of 3.42.

Institutional Investors Weigh In On Antero Resources

Several large investors have recently added to or reduced their stakes in AR. Wealth Enhancement Advisory Services LLC grew its stake in Antero Resources by 21.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 12,254 shares of the oil and natural gas company’s stock valued at $400,000 after acquiring an additional 2,133 shares in the last quarter. Pallas Capital Advisors LLC purchased a new stake in shares of Antero Resources during the 2nd quarter valued at $300,000. Fifth Third Wealth Advisors LLC bought a new stake in shares of Antero Resources during the 2nd quarter worth $291,000. Louisiana State Employees Retirement System grew its position in Antero Resources by 1.6% in the second quarter. Louisiana State Employees Retirement System now owns 82,600 shares of the oil and natural gas company’s stock worth $2,695,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its stake in Antero Resources by 1.6% during the second quarter. Retirement Systems of Alabama now owns 360,594 shares of the oil and natural gas company’s stock worth $11,766,000 after purchasing an additional 5,831 shares during the last quarter. Hedge funds and other institutional investors 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.