Antero Resources Corporation which can be found using ticker (AR) have now 13 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 45 and 25 calculating the mean target price we have $33.23. Given that the stocks previous close was at $22.51 this is indicating there is a potential upside of 47.6%. The 50 day moving average now sits at $24.27 and the 200 moving average now moves to $32.03. The company has a market cap of $6,773m. Company Website: https://www.anteroresources.com
The potential market cap would be $9,999m based on the market consensus.
Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates through three segments: Exploration, Development and Production of Natural Gas, NGLs and Oil; Marketing and Utilization of Excess Firm Transportation Capacity; and Midstream Services Through Our Equity Method Investment in Antero Midstream. As of December 31, 2022, the company had approximately 504,000 net acres in the Appalachian Basin; and 174,000 net acres in the Upper Devonian Shale. It also owned and operated 620 miles of gas gathering pipelines in the Appalachian Basin; and 34 compressor stations. The company was formerly known as Antero Resources Appalachian Corporation and changed its name to Antero Resources Corporation in June 2013. Antero Resources Corporation was incorporated in 2002 and is headquartered in Denver, Colorado.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 4.01, revenue per share of 28.37 and a 11.6% return on assets.
