Antero Resources Co. (NYSE:AR – Get Rating) reached a new 52-week low during trading on Friday after Mizuho lowered their price target on the stock from $51.00 to $38.00. The stock traded as low as $23.68 and last traded at $24.19, with a volume of 1663919 shares changing hands. The stock had previously closed at $24.23.
AR has been the topic of a number of other research reports. Tudor Pickering lowered shares of Antero Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, November 30th. The Goldman Sachs Group decreased their price target on shares of Antero Resources from $45.00 to $39.00 and set a “buy” rating for the company in a research report on Wednesday, January 25th. Tudor, Pickering, Holt & Co. downgraded shares of Antero Resources from a “buy” rating to a “hold” rating in a report on Wednesday, November 30th. Wells Fargo & Company started coverage on shares of Antero Resources in a report on Tuesday, January 24th. They issued an “overweight” rating and a $34.00 price objective for the company. Finally, TheStreet downgraded shares of Antero Resources from a “b-” rating to a “c” rating in a report on Wednesday, February 15th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $40.90.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. BDO Wealth Advisors LLC bought a new stake in shares of Antero Resources during the second quarter valued at approximately $31,000. CoreCap Advisors LLC acquired a new stake in Antero Resources in the 2nd quarter valued at $32,000. SeaCrest Wealth Management LLC acquired a new position in Antero Resources during the second quarter worth $37,000. CWM LLC lifted its holdings in shares of Antero Resources by 65.5% during the fourth quarter. CWM LLC now owns 1,362 shares of the oil and natural gas company’s stock valued at $42,000 after acquiring an additional 539 shares during the period. Finally, Quadrant Capital Group LLC grew its holdings in shares of Antero Resources by 2,883.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,611 shares of the oil and natural gas company’s stock worth $50,000 after purchasing an additional 1,557 shares during the last quarter. 77.78% of the stock is currently owned by institutional investors and hedge funds.
Antero Resources Stock Up 0.5 %
The firm has a market cap of $7.19 billion, a price-to-earnings ratio of 4.16 and a beta of 3.48. The business’s 50-day moving average is $27.86 and its 200-day moving average is $32.94. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.44 and a current ratio of 0.44.
About Antero Resources
Antero Resources Corp. is an independent oil and natural gas company, which engages in the development, production, exploration and acquisition of natural gas. It operates through the Exploration and Production, Marketing, and Equity Method Investment in Antero Midstream Corporation. The Exploration and Production segment develops natural gas, NGLs and oil.
