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

Antero Resources Co. (NYSE:AR) shares 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.

Wall Street Analysts Forecast Growth

AR has been the topic of a number of research reports. Citigroup upped their price target 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. BMO Capital Markets upped their price target on shares of Antero Resources from $33.00 to $34.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. JPMorgan Chase & Co. upped their price target on shares of Antero Resources from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Tuesday, January 14th. Barclays decreased their price target on shares of Antero Resources from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. Finally, UBS Group increased their target price on shares of Antero Resources from $35.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Antero Resources presently has an average rating of “Moderate Buy” and an average price target of $36.88.

Antero Resources Stock Performance

The firm has a market cap of $12.84 billion, a P/E ratio of 294.74 and a beta of 3.37. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28. The company’s 50 day moving average is $34.00 and its 200 day moving average is $30.18.

Hedge Funds Weigh In On Antero Resources

Several large investors have recently modified their holdings of AR. KBC Group NV increased its position in shares of Antero Resources by 59.8% during the fourth quarter. KBC Group NV now owns 12,925 shares of the oil and natural gas company’s stock worth $453,000 after buying an additional 4,839 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in shares of Antero Resources during the fourth quarter worth $876,000. Blue Trust Inc. increased its position in shares of Antero Resources by 10.9% during the fourth quarter. Blue Trust Inc. now owns 5,316 shares of the oil and natural gas company’s stock worth $186,000 after buying an additional 521 shares during the period. Geneos Wealth Management Inc. acquired a new stake in shares of Antero Resources during the fourth quarter worth $129,000. Finally, Janney Montgomery Scott LLC increased its position in shares of Antero Resources by 83.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 26,467 shares of the oil and natural gas company’s stock worth $928,000 after buying an additional 12,062 shares during the period. 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.