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Wall Street Journal14 Analysts Assess Antero Resources: What You Need To Know
In the latest quarter, 14 analysts provided ratings for Antero Resources (NYSE:AR), showcasing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 5 | 6 | 1 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 1 | 5 | 1 | 0 |
| 2M Ago | 2 | 3 | 0 | 0 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Antero Resources, presenting an average target of $32.93, a high estimate of $44.00, and a low estimate of $25.00. This current average has decreased by 7.24% from the previous average price target of $35.50.
Decoding Analyst Ratings: A Detailed Look
In examining recent analyst actions, we gain insights into how financial experts perceive Antero Resources. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Josh Silverstein | UBS | Announces | Neutral | $33.00 | - |
| Walter Pritchard | BMO Capital | Raises | Market Perform | $34.00 | $33.00 |
| Betty Jiang | Barclays | Lowers | Equal-Weight | $30.00 | $32.00 |
| Roger Read | Wells Fargo | Lowers | Underweight | $25.00 | $34.00 |
| Neal Dingmann | Truist Securities | Lowers | Hold | $28.00 | $29.00 |
| Paul Diamond | Citigroup | Announces | Neutral | $29.00 | - |
| Devin McDermott | Morgan Stanley | Lowers | Overweight | $38.00 | $39.00 |
| Nitin Kumar | Mizuho | Lowers | Neutral | $35.00 | $37.00 |
| Arun Jayaram | JP Morgan | Lowers | Overweight | $30.00 | $37.00 |
| Doug Leggate | Wolfe Research | Announces | Outperform | $37.00 | - |
| Neil Mehta | Goldman Sachs | Lowers | Buy | $32.00 | $36.00 |
| Leo Mariani | Roth MKM | Announces | Buy | $32.00 | - |
| Cameron Bean | Scotiabank | Raises | Sector Outperform | $44.00 | $40.00 |
| Roger Read | Wells Fargo | Lowers | Overweight | $34.00 | $38.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Antero Resources. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Antero Resources compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Antero Resources's stock. This comparison reveals trends in analysts' expectations over time.
Capture valuable insights into Antero Resources's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Antero Resources analyst ratings.
About Antero Resources
Antero Resources, based in Denver, engages in the exploration for and production of natural gas and natural gas liquids in the United States and Canada. At the end of 2023, the company reported proven reserves of 18.1 trillion cubic feet of natural gas equivalent. Production averaged approximately 3,483 million cubic feet of equivalent a day in 2023 at a ratio of 37% liquids and 63% natural gas.
Breaking Down Antero Resources's Financial Performance
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Over the 3 months period, Antero Resources showcased positive performance, achieving a revenue growth rate of 3.86% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Energy sector.
Net Margin: Antero Resources's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -7.08%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Antero Resources's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -0.94%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Antero Resources's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -0.49%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a high debt-to-equity ratio of 0.63, Antero Resources faces challenges in effectively managing its debt levels, indicating potential financial strain.
Analyst Ratings: Simplified
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
Which Stocks Are Analysts Recommending Now?
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This article was generated by Benzinga's automated content engine and reviewed by an editor.