Antero Resources Corp Coverage Initiated by Analysts at UBS AG (AR)
Analysts at UBS AG initiated coverage on shares of Antero Resources Corp (NYSE:AR) in a research report issued to clients and investors on Monday, ARN reports. The firm set an “in-line” rating and a $75.00 price target on the stock. UBS AG’s target price suggests a potential upside of 16.70% from the company’s current price.
Shares of Antero Resources Corp (NYSE:AR) traded up 2.47% during mid-day trading on Monday, hitting $64.27. 634,375 shares of the company’s stock traded hands. Antero Resources Corp has a 52 week low of $51.56 and a 52 week high of $68.43. The stock’s 50-day moving average is $63.20 and its 200-day moving average is $58.44. The company’s market cap is $16.842 billion.
Antero Resources Corp (NYSE:AR) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.25 by $0.03. The company had revenue of $480.00 million for the quarter, compared to the consensus estimate of $327.66 million. On average, analysts predict that Antero Resources Corp will post $1.66 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on AR. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Antero Resources Corp in a research note on Tuesday, April 15th. They now have a $65.00 price target on the stock. Separately, analysts at Citigroup Inc. downgraded shares of Antero Resources Corp from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 8th. Finally, analysts at KLR Group initiated coverage on shares of Antero Resources Corp in a research note on Monday, April 7th. They set a “hold” rating and a $58.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $67.53.
Antero Resources Corporation is an independent oil and natural gas company engaged in the exploitation, development and acquisition of natural gas, NGLs and oil properties located in the Appalachian Basin in West Virginia, Ohio and Pennsylvania.
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