Antero Resources (NYSE:AR) Sets New 52-Week High – Still a Buy?

Antero Resources Co. (NYSE:AR)’s share price reached 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 changing hands. The stock had previously closed at $34.94.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Raymond James lifted their price target on Antero Resources from $34.00 to $44.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 21st. Barclays reduced their price target on shares of Antero Resources from $32.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. UBS Group raised their price objective on shares of Antero Resources from $31.00 to $35.00 and gave the stock a “neutral” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. reduced their target price on Antero Resources from $37.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, September 12th. Finally, Wolfe Research raised Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 price target for the company in a research report on Wednesday, September 11th. One research 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.78.

Antero Resources Stock Performance

The stock has a 50-day simple moving average of $31.80 and a 200-day simple moving average of $29.73. The stock has a market cap of $11.42 billion, a PE ratio of 262.14 and a beta of 3.37. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AR. UMB Bank n.a. increased its position in shares of Antero Resources by 357.3% in the third quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock worth $25,000 after acquiring an additional 686 shares in the last quarter. True Wealth Design LLC purchased a new stake in Antero Resources during the 3rd quarter worth $30,000. Capital Performance Advisors LLP acquired a new stake in Antero Resources in the 3rd quarter valued at $45,000. Mattson Financial Services LLC purchased a new position in Antero Resources in the second quarter valued at about $64,000. Finally, GAMMA Investing LLC lifted 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 worth $107,000 after purchasing an additional 418 shares in 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.