Fintel reports that on August 27, 2024, Roth MKM initiated coverage of Antero Resources (NYSE:AR) with a Buy recommendation.
Analyst Price Forecast Suggests 41.47% Upside
As of August 26, 2024, the average one-year price target for Antero Resources is $37.60/share. The forecasts range from a low of $29.29 to a high of $46.20. The average price target represents an increase of 41.47% from its latest reported closing price of $26.58 / share.
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The projected annual revenue for Antero Resources is 6,836MM, an increase of 56.91%. The projected annual non-GAAP EPS is 6.15.
What is the Fund Sentiment?
There are 912 funds or institutions reporting positions in Antero Resources. This is an increase of 45 owner(s) or 5.19% in the last quarter. Average portfolio weight of all funds dedicated to AR is 0.49%, an increase of 9.29%. Total shares owned by institutions decreased in the last three months by 1.89% to 291,858K shares. 
The put/call ratio of AR is 0.40, indicating a bullish outlook.
What are Other Shareholders Doing?
Wellington Management Group Llp holds 16,785K shares representing 5.40% ownership of the company. In its prior filing, the firm reported owning 11,680K shares , representing an increase of 30.41%. The firm decreased its portfolio allocation in AR by 77.04% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 9,361K shares representing 3.01% ownership of the company. In its prior filing, the firm reported owning 8,514K shares , representing an increase of 9.05%. The firm increased its portfolio allocation in AR by 20.30% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 9,088K shares representing 2.92% ownership of the company. In its prior filing, the firm reported owning 8,795K shares , representing an increase of 3.21%. The firm increased its portfolio allocation in AR by 19.01% over the last quarter.
Bank of New York Mellon holds 7,825K shares representing 2.52% ownership of the company. In its prior filing, the firm reported owning 8,841K shares , representing a decrease of 12.98%. The firm decreased its portfolio allocation in AR by 89.22% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 7,426K shares representing 2.39% ownership of the company. In its prior filing, the firm reported owning 6,973K shares , representing an increase of 6.11%. The firm increased its portfolio allocation in AR by 25.71% over the last quarter.
Antero Resources Background Information
(This description is provided by the company.)
Antero Resources Corporation is an independent oil and natural gas company engaged in the exploration, development, and production of natural gas, NGLs, and oil properties located in the Appalachian Basin. Headquartered in Denver, Colorado, the Company is focused on creating value through the development of its large portfolio of repeatable, low cost, liquids-rich drilling opportunities in two of the premier North American shale plays, the Marcellus and the Utica shales. Due to its market leading firm transportation portfolio and midstream ownership through Antero Midstream, Antero is the most integrated NGL and natural gas business in the U.S.
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