Antero Resources (NYSE:AR) Reaches New 52-Week High – Time to Buy?

Antero Resources Co. (NYSE:AR)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $41.32 and last traded at $40.99, with a volume of 577966 shares changing hands. The stock had previously closed at $39.93.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AR. Mizuho increased their target price on Antero Resources from $35.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, December 16th. BMO Capital Markets increased their price objective on Antero Resources from $33.00 to $34.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. Citigroup increased their price objective on Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Bank of America assumed coverage on Antero Resources in a report on Monday, October 28th. They set a “buy” rating and a $36.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their target price on shares of Antero Resources from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $36.88.

Antero Resources Stock Up 3.3 %

The business’s fifty day simple moving average is $34.00 and its 200 day simple moving average is $30.18. 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 stock has a market cap of $12.84 billion, a price-to-earnings ratio of 294.74 and a beta of 3.37.

Institutional Investors Weigh In On Antero Resources

Institutional investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. lifted its position in Antero Resources by 357.3% during the 3rd 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 in the last quarter. Pinnacle Bancorp Inc. bought a new stake in Antero Resources during the 4th quarter worth about $28,000. True Wealth Design LLC bought a new stake in Antero Resources during the 3rd quarter worth about $30,000. Capital Performance Advisors LLP bought a new stake in Antero Resources during the 3rd quarter worth about $45,000. Finally, Mattson Financial Services LLC bought a new stake in shares of Antero Resources in the 2nd quarter valued at about $64,000. 83.04% of the stock is 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.