Antero Resources Corp Given Consensus Rating of “Buy” by Analysts (NYSE:AR)
Shares of Antero Resources Corp (NYSE:AR) have been given an average recommendation of “Buy” by the twenty brokerages that are covering the company, AnalystRatingsNetwork.com reports. Five research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $70.07.
A number of analysts have recently weighed in on AR shares. Analysts at Barclays cut their price target on shares of Antero Resources Corp from $71.00 to $68.00 in a research note on Friday, August 8th. Finally, 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.
Antero Resources Corp (NYSE:AR) traded up 1.61% on Monday, hitting $57.30. 56,104 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 $58.61 and its 200-day moving average is $61.35. The company’s market cap is $15.015 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 $1.52 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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