Antero Resources (NYSE:AR) Shares Gap Down – Here’s Why

Antero Resources Corporation (NYSE:AR)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $36.37, but opened at $33.80. Antero Resources shares last traded at $34.28, with a volume of 1,489,277 shares.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Zacks Research raised shares of Antero Resources from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Roth Mkm reaffirmed a “neutral” rating and set a $36.00 price objective on shares of Antero Resources in a research note on Monday, December 8th. UBS Group increased their target price on Antero Resources from $40.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, December 12th. BMO Capital Markets raised their target price on Antero Resources from $37.00 to $40.00 and gave the stock a “market perform” rating in a report on Tuesday, December 9th. Finally, Benchmark restated a “hold” rating on shares of Antero Resources in a research report on Thursday, January 15th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $45.60.

Antero Resources Price Performance

The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average price of $34.36 and a two-hundred day moving average price of $33.33. The firm has a market cap of $10.48 billion, a P/E ratio of 18.07 and a beta of 0.55.

Insider Activity

In related news, insider Brendan E. Krueger acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average cost of $33.35 per share, for a total transaction of $166,750.00. Following the completion of the acquisition, the insider directly owned 295,917 shares in the company, valued at approximately $9,868,831.95. The trade was a 1.72% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 6.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Antero Resources

A number of large investors have recently modified their holdings of the business. Huntington National Bank raised its holdings in Antero Resources by 91.3% during the second quarter. Huntington National Bank now owns 656 shares of the oil and natural gas company’s stock worth $26,000 after acquiring an additional 313 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of Antero Resources in the 3rd quarter valued at approximately $26,000. Sunbelt Securities Inc. acquired a new stake in shares of Antero Resources in the 3rd quarter valued at approximately $30,000. IFP Advisors Inc grew its stake in shares of Antero Resources by 59.2% in the third quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after buying an additional 345 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. increased its holdings in Antero Resources by 114.2% during the second quarter. Newbridge Financial Services Group Inc. now owns 938 shares of the oil and natural gas company’s stock worth $38,000 after buying an additional 500 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

About Antero Resources

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.