Breaking Down Antero Resources: 6 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
Antero Resources (NYSE:AR) received mixed analyst ratings with 3 bullish, 1 somewhat bullish, and 2 indifferent. The average 12-month price target is $27.83, down 16.17% from the previous $33.20. Analysts from Raymond James, Benchmark, Mizuho, Wells Fargo, and Truist Securities have adjusted their ratings and price targets. Antero Resources is engaged in natural gas and liquids production, with a market cap below industry average, a -56.22% revenue decline as of September 30, 2023, low net margin, ROE, and ROA, and a high debt-to-equity ratio.
January 24, 2024 | 8:00 pm
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Antero Resources has received mixed analyst ratings and a lowered average price target, indicating potential uncertainty in its future stock performance. The company's financial challenges, such as declining revenue and profitability, may also impact investor sentiment.
The mixed analyst ratings and downward revision of the price target suggest that there is a lack of consensus on the company's outlook, which could lead to increased volatility in the short term. The significant revenue decline and below-average profitability metrics further contribute to a negative outlook, potentially leading to a decrease in stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100