In a report released yesterday, Holly Stewart from Scotiabank reiterated a Hold rating on Antero Resources (AR), with a price target of $18. The company’s shares opened today at $9.21, close to its 52-week low of $8.53.
Stewart has an average return of 6.0% when recommending Antero Resources.
According to TipRanks.com, Stewart is ranked #4853 out of 5152 analysts.
Currently, the analyst consensus on Antero Resources is a Moderate Buy with an average price target of $14.38, a 56.1% upside from current levels. In a report issued on January 30, Jefferies also reiterated a Hold rating on the stock with a $10 price target.
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Antero Resources’ market cap is currently $2.94B and has a P/E ratio of 13.84. The company has a Price to Book ratio of 0.37.
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock.
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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.
