Antero Resources Corp Price Target Cut to $68.00 by Analysts at Barclays (AR)
Equities researchers at Barclays dropped their price objective on shares of Antero Resources Corp (NYSE:AR) from $71.00 to $68.00 in a research report issued on Friday. Barclays’ price objective would indicate a potential upside of 19.11% from the company’s current price.
Shares of Antero Resources Corp (NYSE:AR) opened at 57.09 on Friday. Antero Resources Corp has a one year low of $51.56 and a one year high of $68.43. The stock’s 50-day moving average is $61.05 and its 200-day moving average is $61.50. The company’s market cap is $14.960 billion.
Antero Resources Corp (NYSE:AR) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.29 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.37 by $0.08. The company had revenue of $387.14 million for the quarter, compared to the consensus estimate of $457.30 million. Antero Resources Corp’s revenue was up 111.9% compared to the same quarter last year. On average, analysts predict that Antero Resources Corp will post $1.68 earnings per share for the current fiscal year.
AR has been the subject of a number of other recent research reports. Analysts at FBR Capital Markets initiated coverage on shares of Antero Resources Corp in a research note on Wednesday, July 16th. They set a “market perform” rating and a $65.00 price target on the stock. Separately, analysts at Canaccord Genuity initiated coverage on shares of Antero Resources Corp in a research note on Wednesday, July 16th. They set a “buy” rating and a $75.00 price target on the stock. Finally, 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. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $70.07.
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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