Antero Resources Corp Receives Average Recommendation of “Buy” from Analysts (NYSE:AR)
Shares of Antero Resources Corp (NYSE:AR) have earned an average rating of “Buy” from the twenty ratings firms that are currently covering the company, American Banking News.com reports. Six equities 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 company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $70.80.
Shares of Antero Resources Corp (NYSE:AR) opened at 57.30 on Monday. 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 $58.00 and its 200-day moving average is $61.36. The company’s market cap is $15.015 billion.
Antero Resources Corp (NYSE:AR) last released its earnings results 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.
A number of research firms have recently commented on AR. Analysts at KLR Group upgraded shares of Antero Resources Corp from a “hold” rating to an “accumulate” rating in a research note on Wednesday. They now have a $69.00 price target on the stock, up previously from $64.00. Separately, 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 Barclays raised their price target on shares of Antero Resources Corp from $67.00 to $71.00 in a research note on Wednesday, July 23rd. They now have an “overweight” rating on the stock.
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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