Scotiabank analyst Holly Stewart reiterated a Hold rating on Antero Resources (NYSE: AR) on September 27 and set a price target of $26. The company’s shares closed yesterday at $17.96.
Stewart has an average return of 6.0% when recommending Antero Resources.
According to TipRanks.com, Stewart is ranked #4753 out of 4886 analysts.
Antero Resources has an analyst consensus of Moderate Buy, with a price target consensus of $24.43, implying a 36.0% upside from current levels. In a report issued on September 21, BMO Capital also downgraded the stock to Hold.
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Based on Antero Resources’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $136 million. In comparison, last year the company had a GAAP net loss of $5.13 million.
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Antero Resources Corp. is an independent oil and natural gas company, which engages in the exploration, development and acquisition of unconventional oil and liquids-rich natural gas properties located in the Appalachian Basin in West Virginia, Ohio and Pennsylvania.
