Antero Resources Co. (NYSE:AR) Short Interest Up 5.8% in November

Antero Resources Co. (NYSE:AR) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 9,690,000 shares, a growth of 5.8% from the October 31st total of 9,160,000 shares. Currently, 3.4% of the shares of the company are sold short. Based on an average trading volume of 3,840,000 shares, the days-to-cover ratio is presently 2.5 days.

Antero Resources Trading Up 0.3 %

Shares of Antero Resources stock traded up $0.08 during trading on Tuesday, reaching $31.87. The company’s stock had a trading volume of 1,898,629 shares, compared to its average volume of 4,080,517. Antero Resources has a 52-week low of $20.10 and a 52-week high of $36.28. The company has a market cap of $9.92 billion, a price-to-earnings ratio of 227.07 and a beta of 3.42. The firm’s 50-day moving average is $29.33 and its two-hundred day moving average is $29.94. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23.

Analyst Ratings Changes

AR has been the topic of a number of analyst reports. UBS Group lowered their target price on shares of Antero Resources from $33.00 to $31.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Roth Capital upgraded shares of Antero Resources to a “strong-buy” rating in a research report on Tuesday, August 27th. BMO Capital Markets upped their price target on Antero Resources from $33.00 to $34.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Citigroup began coverage on shares of Antero Resources in a research note on Tuesday, September 17th. They issued a “neutral” rating and a $29.00 price target for the company. Finally, Mizuho decreased their price target on shares of Antero Resources from $37.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.50.

Institutional Trading of Antero Resources

A number of institutional investors and hedge funds have recently bought and sold shares of the company. UMB Bank n.a. boosted its holdings 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 buying an additional 686 shares during the last quarter. True Wealth Design LLC bought a new stake in shares of Antero Resources during the third quarter valued at approximately $30,000. Capital Performance Advisors LLP bought a new stake in shares of Antero Resources during the third quarter valued at approximately $45,000. Mattson Financial Services LLC bought a new stake in Antero Resources in the second quarter worth $64,000. Finally, GAMMA Investing LLC increased its position in Antero Resources by 27.8% in the second quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock worth $98,000 after purchasing an additional 655 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors.

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.