Antero Resources (NYSE:AR) Stock Price Down 5.2% – Time to Sell?

Shares of Antero Resources Corporation (NYSE:AR) 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.

Analysts Set New Price Targets

Several research firms recently issued reports on AR. Zacks Research cut shares of Antero Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Truist Financial decreased their price objective on shares of Antero Resources from $56.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Citigroup dropped their target price on shares of Antero Resources from $53.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. UBS Group upped their target price on shares of Antero Resources from $52.00 to $58.00 and gave the company a “buy” rating in a research note on Monday. Finally, Raymond James Financial increased their price target on shares of Antero Resources from $50.00 to $55.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, September 1st. Four investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.06.

Antero Resources Trading Down 5.3%

The stock has a market cap of $11.31 billion, a price-to-earnings ratio of 10.54 and a beta of 0.35. The business’s fifty day simple moving average is $36.56 and its 200 day simple moving average is $37.28. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.40 and a quick ratio of 0.40.

Institutional Inflows and Outflows

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

Antero Resources Company Profile

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.