Antero Resources (NYSE:AR) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Antero Resources Corporation (NYSE:AR) shares passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $36.88 and traded as low as $36.38. Antero Resources shares last traded at $36.43, with a volume of 3,942,007 shares changing hands.

Analyst Ratings Changes

AR has been the subject of several recent analyst reports. Scotiabank began coverage on Antero Resources in a research report on Wednesday, October 14th. They set a “sector outperform” rating and a $46.00 price objective for the company. Weiss Ratings upgraded Antero Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, October 27th. Jefferies Financial Group lowered their target price on Antero Resources from $60.00 to $56.00 and set a “buy” rating for the company in a research note on Friday, October 2nd. UBS Group lowered their target price on Antero Resources from $58.00 to $54.00 and set a “buy” rating for the company in a research note on Tuesday, October 6th. Finally, Wells Fargo & Company increased their target price on shares of Antero Resources from $57.00 to $58.00 and gave the stock an “overweight” rating in a report on Friday, October 30th. Five analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Antero Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.74.

Antero Resources Stock Down 2.7%

The company has a market capitalization of $11.19 billion, a P/E ratio of 8.22 and a beta of 0.50. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.27. The stock has a 50 day moving average price of $37.60 and a 200 day moving average price of $36.88.

Hedge Funds Weigh In On Antero Resources

A number of institutional investors and hedge funds have recently bought and sold shares of AR. Maryland State Retirement & Pension System grew its stake in shares of Antero Resources by 22.1% in the 3rd quarter. Maryland State Retirement & Pension System now owns 17,954 shares of the oil and natural gas company’s stock valued at $599,000 after buying an additional 3,249 shares during the period. Jacobi Capital Management LLC bought a new stake in Antero Resources in the 3rd quarter valued at about $38,000. Machina Capital S.A.S. increased its position in Antero Resources by 25.9% in the 3rd quarter. Machina Capital S.A.S. now owns 24,821 shares of the oil and natural gas company’s stock valued at $829,000 after buying an additional 5,100 shares in the last quarter. Lido Advisors LLC raised its stake in Antero Resources by 78.2% during the 3rd quarter. Lido Advisors LLC now owns 17,559 shares of the oil and natural gas company’s stock worth $586,000 after buying an additional 7,706 shares during the period. Finally, Keybank National Association OH acquired a new position in Antero Resources during the 3rd quarter worth approximately $314,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Company Profile

Antero Resources Corporation is an independent energy company engaged in the development, production, exploration and acquisition of natural gas, natural gas liquids (NGLs) and oil. The company’s operations are focused primarily on the Appalachian Basin in the United States.

Antero Resources holds extensive interests in the Marcellus and Utica shale formations, with drilling and production activities concentrated in West Virginia and Ohio. Its product portfolio includes natural gas, ethane, propane, butane, natural gasoline and oil or condensate, which are marketed to domestic and international energy customers.

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