Antero Resources Corp (NYSE:AR) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 48,470,000 shares, an increase of 19.5% from the August 15th total of 40,560,000 shares. Based on an average daily trading volume, of 12,930,000 shares, the days-to-cover ratio is presently 3.7 days. Currently, 21.5% of the company’s stock are short sold.
Shares of NYSE AR traded up $0.08 during midday trading on Wednesday, hitting $2.91. 8,497,892 shares of the company’s stock were exchanged, compared to its average volume of 13,173,701. The company’s 50 day moving average price is $3.41 and its 200 day moving average price is $2.58. The firm has a market capitalization of $781.48 million, a PE ratio of -0.39 and a beta of 4.78. Antero Resources has a 12 month low of $0.64 and a 12 month high of $4.64. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.55.
Antero Resources (NYSE:AR) last released its quarterly earnings results on Wednesday, July 29th. The oil and natural gas company reported ($0.37) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.15). The firm had revenue of $484.91 million during the quarter, compared to the consensus estimate of $955.90 million. Antero Resources had a negative net margin of 55.84% and a negative return on equity of 4.51%. The business’s revenue for the quarter was down 62.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.21) earnings per share. On average, equities research analysts anticipate that Antero Resources will post -0.91 EPS for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in AR. New York State Common Retirement Fund raised its stake in Antero Resources by 1.0% during the 1st quarter. New York State Common Retirement Fund now owns 416,000 shares of the oil and natural gas company’s stock worth $297,000 after buying an additional 4,200 shares during the period. World Asset Management Inc raised its position in shares of Antero Resources by 11.1% during the 2nd quarter. World Asset Management Inc now owns 43,738 shares of the oil and natural gas company’s stock valued at $111,000 after buying an additional 4,382 shares in the last quarter. Comerica Bank raised its position in shares of Antero Resources by 30.9% during the 1st quarter. Comerica Bank now owns 21,840 shares of the oil and natural gas company’s stock valued at $49,000 after buying an additional 5,160 shares in the last quarter. Strs Ohio raised its position in shares of Antero Resources by 336.8% during the 2nd quarter. Strs Ohio now owns 12,321 shares of the oil and natural gas company’s stock valued at $31,000 after buying an additional 9,500 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Antero Resources during the 2nd quarter valued at about $25,000. Institutional investors and hedge funds own 77.76% of the company’s stock.
A number of research firms have weighed in on AR. Raymond James restated a “sell” rating on shares of Antero Resources in a research note on Friday, August 14th. Morgan Stanley raised their price target on Antero Resources from $1.75 to $2.50 and gave the company an “underweight” rating in a research note on Friday, August 21st. BMO Capital Markets raised their price target on Antero Resources from $3.25 to $3.50 and gave the company an “outperform” rating in a research note on Friday, August 14th. ValuEngine upgraded Antero Resources from a “hold” rating to a “buy” rating in a research note on Saturday, September 5th. Finally, Wells Fargo & Company raised their price target on Antero Resources from $3.50 to $4.00 and gave the company an “underweight” rating in a research note on Thursday, August 13th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $3.91.
Antero Resources Company Profile
Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2018, the company had approximately 486,000 net acres in the southwestern core of the Marcellus Shale; 125,000 net acres in the core of the Utica Shale; and 209,000 net acres of Marcellus Shale leasehold.
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