Antero Resources (NYSE:AR) Has Just Had Its Target Price Lowered by Stock Analysts at Susquehanna to $22.00

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Analysis: Antero Resources (NYSE:AR) Upside Target Change Today

In recent note revealed to clients by Susquehanna on Thursday, 3 December, the firm, Antero Resources (NYSE:AR), had their target price per share lowered to $22.00. Analusts at present have a solid “Neutral” rating on the stock.

From a total of 27 analysts covering Antero Resources (NYSE:AR) stock, 17 rate it a ”Buy”, 1 a “Sell”, and 11 a ”Hold”. This means that 59% of the ratings are positive. The highest target price is $60 while the lowest target price is $20. The mean of all analyst targets is $33.85 with a 55.41% above today’s ($20.07) stock price. Antero Resources was the topic of 28 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs initiated shares on November 17 with “Buy” rating. Raymond James maintained AR stock in a recent report from September 21 with “Outperform” rating. Finally, Stephens downgraded the stock to “Equal Weight” rating in a report issued on an August 4.

Approximately 966,747 shares of stock traded hands. Antero Resources Corp (NYSE:AR) has declined 55.52% since April 30, 2015 and is downtrending. It has underperformed by 55.23% the S&P500.

Antero Resources Corporation is engaged in the exploitation, development, and acquisition of natural gas, natural gas liquids and oil properties in the Appalachian Basin in West Virginia, Ohio, and Pennsylvania. The company has a market cap of $5.60 billion. The Firm targets large, repeatable resource plays where horizontal drilling and advanced fracture stimulation technologies provide the means to develop and produce natural gas, NGLs and oil from unconventional formations. It has 3.86 P/E ratio. The Firm has fresh water distribution activities in the Appalachian Basin, as well as gathering and compression activities through its consolidated subsidiary, Antero Midstream Partners LP.

According to Zacks Investment Research, “Antero Resources Corporation is an independent oil and natural gas company. It is primarily engaged in the exploitation, development and acquisition of unconventional oil and liquids-rich natural gas properties primarily located in the Appalachian Basin in West Virginia, Ohio and Pennsylvania. Antero Resources Corporation is headquartered in Denver, Colorado.” Get a free copy of the Zacks research report on Antero Resources Corp (AR).

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