Antero Resources (NYSE:AR) Reaches New 12-Month High – Time to Buy?

Antero Resources Co. (NYSE:AR) shares hit a new 52-week high on Monday . The stock traded as high as $36.33 and last traded at $36.09, with a volume of 397283 shares. The stock had previously closed at $34.94.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Wolfe Research upgraded Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 price objective on the stock in a research note on Wednesday, September 11th. Bank of America started coverage on Antero Resources in a report on Monday, October 28th. They issued a “buy” rating and a $36.00 price target for the company. Truist Financial decreased their price target on shares of Antero Resources from $29.00 to $28.00 and set a “hold” rating for the company in a research note on Monday, September 30th. Citigroup increased their price target on shares of Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Finally, Raymond James upped their target price on shares of Antero Resources from $34.00 to $44.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.78.

Antero Resources Stock Up 3.6 %

The stock has a market cap of $11.26 billion, a price-to-earnings ratio of 258.50 and a beta of 3.37. 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 fifty day moving average of $31.45 and a two-hundred day moving average of $29.68.

Institutional Trading of Antero Resources

A number of institutional investors have recently modified their holdings of AR. UMB Bank n.a. lifted its position in Antero Resources by 357.3% during the third quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock valued at $25,000 after buying an additional 686 shares in the last quarter. True Wealth Design LLC acquired a new stake in shares of Antero Resources in the third quarter valued at about $30,000. Capital Performance Advisors LLP acquired a new position in Antero Resources during the 3rd quarter worth approximately $45,000. Mattson Financial Services LLC acquired a new stake in Antero Resources in the second quarter valued at approximately $64,000. Finally, GAMMA Investing LLC raised its stake in shares of Antero Resources by 15.8% during the fourth quarter. GAMMA Investing LLC now owns 3,064 shares of the oil and natural gas company’s stock valued at $107,000 after purchasing an additional 418 shares during the period. 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.