Antero Resources (NYSE:AR) Trading Down 5.2% – Should You Sell?

Antero Resources Corporation (NYSE:AR)’s share price fell 5.2% on Wednesday . The company traded as low as $36.87 and last traded at $36.8290. Approximately 875,718 shares were traded during trading, a decline of 83% from the average session volume of 5,151,692 shares. The stock had previously closed at $38.83.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AR shares. Morgan Stanley reissued an “overweight” rating and issued a $49.00 price objective on shares of Antero Resources in a research note on Wednesday, August 19th. Texas Capital upgraded Antero Resources to a “strong-buy” rating in a research note on Thursday, June 25th. Raymond James Financial raised their target price on Antero Resources from $50.00 to $55.00 and gave the company a “strong-buy” rating in a report on Tuesday, September 1st. Mizuho lifted their price target on Antero Resources from $54.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Finally, Stifel Nicolaus began coverage on Antero Resources in a report on Thursday, September 10th. They set a “hold” rating and a $42.00 price target for the company. Four investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $49.06.

Antero Resources Trading Down 0.2%

The company has a market capitalization of $10.95 billion, a price-to-earnings ratio of 10.23 and a beta of 0.35. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average price is $36.60 and its two-hundred day moving average price is $37.28.

Institutional Trading of Antero Resources

Hedge funds and other institutional investors have recently modified their holdings of the stock. Anchor Investment Management LLC acquired a new position in shares of Antero Resources during the second quarter worth $70,000. Sequoia Financial Advisors LLC lifted its stake in shares of Antero Resources by 53.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 12,581 shares of the oil and natural gas company’s stock valued at $442,000 after acquiring an additional 4,406 shares during the last quarter. SailingStone Capital Partners LLC boosted its holdings in shares of Antero Resources by 62.2% during the 2nd quarter. SailingStone Capital Partners LLC now owns 1,369,303 shares of the oil and natural gas company’s stock valued at $48,117,000 after acquiring an additional 525,037 shares in the last quarter. Engineers Gate Manager LP boosted its holdings in shares of Antero Resources by 158.1% during the 2nd quarter. Engineers Gate Manager LP now owns 217,946 shares of the oil and natural gas company’s stock valued at $7,659,000 after acquiring an additional 133,494 shares in the last quarter. Finally, IFP Advisors Inc grew its position in Antero Resources by 193.4% during the 2nd quarter. IFP Advisors Inc now owns 6,622 shares of the oil and natural gas company’s stock worth $233,000 after acquiring an additional 4,365 shares during the last quarter. Institutional investors own 83.04% of the company’s stock.

About Antero Resources

Antero Resources Corporation (NYSE: AR) is an independent oil and natural gas exploration and production company. Its operations are focused primarily on developing unconventional reserves in the Appalachian Basin, where it produces natural gas, natural gas liquids (NGLs) and oil.

The company’s core properties are located in the Marcellus and Utica shale plays of West Virginia and Ohio. Its products include natural gas and NGLs such as ethane, propane, butane and natural gasoline, which are marketed to customers in domestic and international energy markets.

Founded in 2002 and headquartered in Denver, Colorado, Antero Resources became a publicly traded company in 2013.