Antero Resources Co. (NYSE:AR) Short Interest Up 5.2% in January

Antero Resources Co. (NYSE:AR) was the target of a significant increase in short interest in January. As of January 31st, there was short interest totalling 9,350,000 shares, an increase of 5.2% from the January 15th total of 8,890,000 shares. Based on an average daily trading volume, of 4,180,000 shares, the days-to-cover ratio is presently 2.2 days. Currently, 3.3% of the company’s stock are sold short.

Antero Resources Price Performance

Shares of AR opened at $39.74 on Wednesday. Antero Resources has a 52 week low of $23.25 and a 52 week high of $41.53. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The firm has a market cap of $12.36 billion, a price-to-earnings ratio of 283.82 and a beta of 3.33. The stock has a 50 day moving average of $36.78 and a 200-day moving average of $31.38.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, February 12th. The oil and natural gas company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14. Antero Resources had a net margin of 1.03% and a negative return on equity of 0.59%. As a group, analysts forecast that Antero Resources will post -0.11 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on Antero Resources from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Tuesday, January 14th. Benchmark restated a “hold” rating on shares of Antero Resources in a research note on Friday, January 17th. Citigroup upped their target price on shares of Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Truist Financial boosted their price objective on shares of Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Finally, Raymond James upped their price objective on shares of Antero Resources from $44.00 to $60.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.44.

Institutional Investors Weigh In On Antero Resources

A number of institutional investors have recently modified their holdings of the business. Neo Ivy Capital Management acquired a new position in Antero Resources during the 4th quarter valued at approximately $81,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Antero Resources by 4.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 547,243 shares of the oil and natural gas company’s stock valued at $19,181,000 after buying an additional 25,536 shares during the last quarter. Voloridge Investment Management LLC bought a new stake in Antero Resources in the fourth quarter valued at $4,166,000. Vident Advisory LLC boosted its holdings in shares of Antero Resources by 4.3% during the fourth quarter. Vident Advisory LLC now owns 33,388 shares of the oil and natural gas company’s stock valued at $1,170,000 after acquiring an additional 1,385 shares during the period. Finally, Sourcerock Group LLC grew its position in shares of Antero Resources by 3.8% during the fourth quarter. Sourcerock Group LLC now owns 6,355,724 shares of the oil and natural gas company’s stock worth $222,768,000 after acquiring an additional 231,068 shares during the last quarter. 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.