Antero Resources Corp Given New $74.00 Price Target at SunTrust (AR)
Analysts at SunTrust lifted their price objective on shares of Antero Resources Corp (NYSE:AR) from $68.00 to $74.00 in a research report issued to clients and investors on Monday. The firm currently has a “buy” rating on the stock. SunTrust’s target price points to a potential upside of 19.03% from the company’s current price.
AR has been the subject of a number of other recent research reports. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Antero Resources Corp in a research note on Friday. They now have a $75.00 price target on the stock, up previously from $71.00. Separately, analysts at KLR Group raised their price target on shares of Antero Resources Corp to $58.00 in a research note on Monday, May 12th. Finally, analysts at Robert W. Baird raised their price target on shares of Antero Resources Corp from $50.00 to $69.00 in a research note on Monday, May 12th. Five 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 company presently has an average rating of “Buy” and an average price target of $68.68.
Antero Resources Corp (NYSE:AR) traded up 0.45% on Monday, hitting $62.45. The stock had a trading volume of 221,250 shares. Antero Resources Corp has a 1-year low of $51.56 and a 1-year high of $68.43. The stock’s 50-day moving average is $64.0 and its 200-day moving average is $59.40. The company’s market cap is $16.365 billion.
Antero Resources Corp (NYSE:AR) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.34 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.35 by $0.01. The company had revenue of $61.45 million for the quarter, compared to the consensus estimate of $388.39 million. Antero Resources Corp’s revenue was down 62.8% compared to the same quarter last year. On average, analysts predict that Antero Resources Corp will post $1.71 earnings per share for the current fiscal year.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.