Guggenheim analyst Subash Chandra reiterated a Buy rating on Antero Resources (NYSE: AR) yesterday and set a price target of $28. The company’s shares closed yesterday at $17.40.
According to TipRanks.com, Chandra is a 4-star analyst with an average return of 11.4% and a 58.4% success rate. Chandra covers the Basic Materials sector, focusing on stocks such as Wildhorse Resource Development Corp, Anadarko Petroleum, and Devon Energy Corp.
Currently, the analyst consensus on Antero Resources is a Moderate Buy with an average price target of $24.43.
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Antero Resources’ market cap is currently $5.52B and has a P/E ratio of 23.84. The company has a Price to Book ratio of 0.68.
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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.
