Susquehanna Believes Antero Resources (AR) Still Has Room to Grow


Susquehanna analyst Biju Perincheril reiterated a Buy rating on Antero Resources (NYSE: AR) on July 9 and set a price target of $28. The company’s shares closed yesterday at $21.76, close to its 52-week high of $22.69.

According to TipRanks.com, Perincheril is a 5-star analyst with an average return of 18.8% and a 70.7% success rate. Perincheril covers the Basic Materials sector, focusing on stocks such as Jagged Peak Energy Inc, Whiting Petroleum Corp, and Continental Resources.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Antero Resources with a $23.50 average price target, implying a 8.0% upside from current levels. In a report issued on July 5, TD Securities also initiated coverage with a Buy rating on the stock with a $26 price target.

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The company has a one-year high of $22.69 and a one-year low of $16.31. Currently, Antero Resources has an average volume of 2.85M.

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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.

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