Antero Resources Corporation with ticker code (AR) now have 13 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 73 and 37 and has a mean target at 46.92. With the stocks previous close at 35.17 this now indicates there is a potential upside of 33.4%. The 50 day moving average now sits at 32.26 and the 200 day moving average is 21.93. The company has a market capitalisation of $10,975m. Company Website: https://www.anteroresources.com
The potential market cap would be $14,642m based on the market concensus.
Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2021, it had approximately 502,000 net acres in the Appalachian Basin; and 174,000 net acres in the Upper Devonian Shale. The company also owned and operated 494 miles of gas gathering pipelines in the Appalachian Basin; and 21 compressor stations. It had estimated proved reserves of 17.7 trillion cubic feet of natural gas equivalent, including 10.2 trillion cubic feet of natural gas; 718 million barrels of assumed recovered ethane; 501 million barrels of primarily propane, isobutane, normal butane, and natural gasoline; and 36 million barrels of oil. 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 founded in 2002 and is headquartered in Denver, Colorado.
