Antero Resources Corp (AR) Sees Significant Increase in Short Interest

Antero Resources Corp (NYSE:AR) was the recipient of a large growth in short interest in February. As of February 15th, there was short interest totalling 38,416,246 shares, a growth of 17.3% from the January 31st total of 32,758,799 shares. Currently, 16.0% of the shares of the stock are short sold. Based on an average trading volume of 6,805,452 shares, the short-interest ratio is presently 5.6 days.

Hedge funds have recently modified their holdings of the stock. Sterling Investment Advisors Ltd. grew its position in Antero Resources by 50.0% during the 4th quarter. Sterling Investment Advisors Ltd. now owns 3,000 shares of the oil and natural gas company’s stock worth $28,000 after acquiring an additional 1,000 shares during the last quarter. Quantamental Technologies LLC bought a new stake in Antero Resources during the 4th quarter worth $45,000. Financial Architects Inc bought a new stake in Antero Resources during the 4th quarter worth $56,000. Fuller & Thaler Asset Management Inc. grew its position in Antero Resources by 114.5% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 8,900 shares of the oil and natural gas company’s stock worth $158,000 after acquiring an additional 4,750 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC bought a new stake in Antero Resources during the 3rd quarter worth $177,000. Institutional investors and hedge funds own 96.80% of the company’s stock.

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AR has been the topic of several recent analyst reports. Jefferies Financial Group reiterated a “hold” rating and issued a $13.00 price target on shares of Antero Resources in a research note on Monday, December 17th. Raymond James lowered Antero Resources from an “outperform” rating to an “underperform” rating in a research note on Wednesday, December 19th. MKM Partners initiated coverage on Antero Resources in a research note on Wednesday, December 5th. They issued a “buy” rating and a $17.00 price target on the stock. TheStreet lowered Antero Resources from a “c-” rating to a “d+” rating in a research note on Thursday, February 7th. Finally, Scotiabank set a $19.00 price target on Antero Resources and gave the company a “hold” rating in a research note on Thursday, December 20th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $19.05.

Shares of AR stock opened at $8.60 on Thursday. The firm has a market cap of $2.98 billion, a P/E ratio of 11.17, a PEG ratio of 4.02 and a beta of 1.04. Antero Resources has a twelve month low of $8.52 and a twelve month high of $22.69. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.95 and a current ratio of 0.95.

Antero Resources (NYSE:AR) last issued its quarterly earnings data on Wednesday, February 13th. The oil and natural gas company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.30 billion. Antero Resources had a positive return on equity of 3.67% and a negative net margin of 9.60%. Antero Resources’s quarterly revenue was up 34.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS. Equities research analysts expect that Antero Resources will post 0.12 EPS for the current fiscal year.

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About Antero Resources

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores, produces, and develops natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2017 had approximately 484,000 net acres in the southwestern core of the Marcellus Shale; approximately 137,000 net acres in the core of the Utica Shale; and approximately 214,000 net acres of Marcellus Shale leasehold.

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