Canaccord Genuity Initiates Coverage on Antero Resources Corp (AR)
Equities research analysts at Canaccord Genuity assumed coverage on shares of Antero Resources Corp (NYSE:AR) in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $75.00 price target on the stock. Canaccord Genuity’s target price points to a potential upside of 26.24% from the stock’s previous close.
A number of other analysts have also recently weighed in on AR. Analysts at Stephens initiated coverage on shares of Antero Resources Corp in a research note on Friday, June 27th. They set an “overweight” rating and a $77.00 price target on the stock. Separately, 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. Finally, 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. Six investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $68.46.
Shares of Antero Resources Corp (NYSE:AR) traded down 1.64% during mid-day trading on Wednesday, hitting $59.41. 1,435,348 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 $63.1 and its 200-day moving average is $61.54. The company’s market cap is $15.568 billion.
Antero Resources Corp (NYSE:AR) last released its earnings data on Thursday, May 29th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $0.12. 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.
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