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. Approximately 3.3% of the shares of the company are short sold. Based on an average daily volume of 4,180,000 shares, the days-to-cover ratio is currently 2.2 days.

Antero Resources Trading Down 0.3 %

NYSE AR opened at $39.74 on Wednesday. The firm’s 50 day moving average price is $36.78 and its two-hundred day moving average price is $31.38. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28. Antero Resources has a twelve month low of $23.25 and a twelve month high of $41.53. The stock has a market cap of $12.36 billion, a price-to-earnings ratio of 283.82 and a beta of 3.33.

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on AR shares. Truist Financial raised their target price on shares of Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a research note on Monday, January 13th. The Goldman Sachs Group lifted their price target on Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Raymond James upped their price objective on Antero Resources from $44.00 to $60.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. Benchmark reaffirmed a “hold” rating on shares of Antero Resources in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. boosted their price target 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 issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Antero Resources currently has an average rating of “Moderate Buy” and an average price target of $39.44.

Hedge Funds Weigh In On Antero Resources

Large investors have recently made changes to their positions in the business. Pinnacle Bancorp Inc. purchased a new position in Antero Resources during the fourth quarter valued at approximately $28,000. Spire Wealth Management purchased a new position in shares of Antero Resources during the 4th quarter valued at $31,000. True Wealth Design LLC acquired a new position in shares of Antero Resources in the third quarter worth $30,000. Wilmington Savings Fund Society FSB raised its holdings in shares of Antero Resources by 205.2% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company’s stock worth $48,000 after acquiring an additional 913 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in Antero Resources by 59.6% during the fourth quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company’s stock valued at $49,000 after purchasing an additional 523 shares during the last quarter. Institutional investors and hedge funds 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.