Susquehanna analyst Biju Perincheril reiterated a Buy rating on Antero Resources (NYSE: AR) yesterday and set a price target of $27. The company’s shares closed on Friday at $18.76.
According to TipRanks.com, Perincheril is a 5-star analyst with an average return of 14.4% and a 62.7% success rate. Perincheril covers the Basic Materials sector, focusing on stocks such as CNX Resources Corporation, 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 $23.83 average price target, representing a 27.0% upside. In a report issued on August 2, TD Securities also reiterated a Buy rating on the stock with a $25 price target.
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Antero Resources’ market cap is currently $5.95B and has a P/E ratio of 25.70. The company has a Price to Book ratio of 0.74.
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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.
