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Stephens started coverage on shares of Antero Resources Corp (NYSE:AR) in a research note issued on Friday, TheFlyOnTheWall.com reports. The firm set an “overweight” rating and a $77.00 price target on the stock. Stephens’ price objective points to a potential upside of 19.25% from the company’s current price.

Shares of Antero Resources Corp (NYSE:AR) opened at 64.57 on Friday. Antero Resources Corp has a 1-year low of $51.56 and a 1-year high of $68.43. The stock has a 50-day moving average of $62.74 and a 200-day moving average of $61.05. The company’s market cap is $16.921 billion.

Antero Resources Corp (NYSE:AR) last announced its earnings results on Thursday, May 29th. The company reported $0.23 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.35 by $0.12. On average, analysts predict that Antero Resources Corp will post $1.70 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at SunTrust raised their price target on shares of Antero Resources Corp from $68.00 to $74.00 in a research note on Monday, May 19th. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Antero Resources Corp in a research note on Friday, May 16th. They now have a $75.00 price target on the stock, up previously from $71.00. Finally, 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. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $69.28.

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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