Antero Resources (NYSE:AR) Shares Gap Up – What’s Next?

Antero Resources Co. (NYSE:AR) gapped up before the market opened 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 changing hands.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AR shares. The Goldman Sachs Group reduced their target price on shares of Antero Resources from $36.00 to $32.00 and set a “buy” rating for the company in a report on Friday, September 6th. BMO Capital Markets raised their price objective on Antero Resources from $33.00 to $34.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Morgan Stanley decreased their target price on Antero Resources from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. JPMorgan Chase & Co. cut their price target on Antero Resources from $37.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, September 12th. Finally, Wells Fargo & Company raised Antero Resources from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $24.00 to $32.00 in a report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.78.

Antero Resources Trading Up 7.6 %

The company’s 50 day simple moving average is $30.64 and its 200-day simple moving average is $29.60. The firm has a market cap of $11.15 billion, a P/E ratio of 255.93 and a beta of 3.42. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23.

Institutional Trading of Antero Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of AR. Franklin Resources Inc. grew its stake in Antero Resources by 40.6% in the 3rd quarter. Franklin Resources Inc. now owns 756,128 shares of the oil and natural gas company’s stock worth $21,209,000 after acquiring an additional 218,517 shares in the last quarter. World Investment Advisors LLC purchased a new stake in shares of Antero Resources in the third quarter valued at approximately $210,000. Geode Capital Management LLC grew its stake in Antero Resources by 1.3% in the third quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company’s stock worth $139,054,000 after purchasing an additional 61,490 shares in the last quarter. M&T Bank Corp increased its holdings in Antero Resources by 3.2% during the 3rd quarter. M&T Bank Corp now owns 24,155 shares of the oil and natural gas company’s stock worth $692,000 after purchasing an additional 743 shares during the period. Finally, Gordian Capital Singapore Pte Ltd bought a new stake in Antero Resources during the 3rd quarter valued at $430,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Company Profile

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.