Antero Resources (NYSE:AR) Shares Gap Down – Should You Sell?

Shares of Antero Resources Co. (NYSE:AR) gapped down before the market opened on Friday . The stock had previously closed at $40.57, but opened at $39.72. Antero Resources shares last traded at $40.10, with a volume of 614,355 shares.

Wall Street Analyst Weigh In

AR has been the subject of a number of research analyst reports. Benchmark reaffirmed a “hold” rating on shares of Antero Resources in a research note on Friday. Truist Financial lifted their target price on Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a research report on Monday. JPMorgan Chase & Co. raised their target price on shares of Antero Resources from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Tuesday. Raymond James increased their price objective on shares of Antero Resources from $34.00 to $44.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 21st. Finally, Mizuho boosted their price target on Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $36.35.

Antero Resources Stock Down 0.9 %

The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. The company has a market capitalization of $12.51 billion, a price-to-earnings ratio of 287.27 and a beta of 3.37. The firm’s fifty day moving average price is $33.43 and its 200-day moving average price is $30.06.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. UMB Bank n.a. increased its position in Antero Resources by 357.3% during the 3rd quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock valued at $25,000 after purchasing an additional 686 shares during the period. Pinnacle Bancorp Inc. acquired a new stake in shares of Antero Resources during the fourth quarter worth $28,000. True Wealth Design LLC bought a new position in Antero Resources during the third quarter worth $30,000. Capital Performance Advisors LLP acquired a new position in Antero Resources in the third quarter valued at $45,000. Finally, Mattson Financial Services LLC bought a new stake in Antero Resources during the second quarter valued at $64,000. 83.04% of the stock is owned by institutional investors.

About Antero Resources

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.