Investing

Goldman Sachs Maintains Antero Resources Buy Recommendation

George Maybach

Published: August 24, 2023 6:55 am

Last Updated: August 24, 2023 11:11 am

Fintel reports that on August 23, 2023, Goldman Sachs maintained coverage of Antero Resources (NYSE:AR) with a Buy recommendation.

Analyst Price Forecast Suggests 20.58% Upside

As of August 2, 2023, the average one-year price target for Antero Resources is 31.18. The forecasts range from a low of 23.23 to a high of $45.15. The average price target represents an increase of 20.58% from its latest reported closing price of 25.86.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Antero Resources is 7,975MM, an increase of 19.35%. The projected annual non-GAAP EPS is 8.10.

What is the Fund Sentiment?

There are 858 funds or institutions reporting positions in Antero Resources. This is a decrease of 91 owner(s) or 9.59% in the last quarter. Average portfolio weight of all funds dedicated to AR is 0.41%, a decrease of 3.89%. Total shares owned by institutions decreased in the last three months by 1.26% to 281,081K shares. The put/call ratio of AR is 0.53, indicating a bullish outlook.

What are Other Shareholders Doing?

Capital World Investors holds 9,459K shares representing 3.15% ownership of the company. In it’s prior filing, the firm reported owning 9,381K shares, representing an increase of 0.82%. The firm decreased its portfolio allocation in AR by 6.42% over the last quarter.

IJH – iShares Core S&P Mid-Cap ETF holds 8,519K shares representing 2.84% ownership of the company. In it’s prior filing, the firm reported owning 8,527K shares, representing a decrease of 0.10%. The firm decreased its portfolio allocation in AR by 28.76% over the last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 8,242K shares representing 2.74% ownership of the company. In it’s prior filing, the firm reported owning 7,756K shares, representing an increase of 5.90%. The firm decreased its portfolio allocation in AR by 26.89% over the last quarter.

NAESX – Vanguard Small-Cap Index Fund Investor Shares holds 6,955K shares representing 2.32% ownership of the company. In it’s prior filing, the firm reported owning 6,572K shares, representing an increase of 5.50%. The firm decreased its portfolio allocation in AR by 24.33% over the last quarter.

FLPSX – Fidelity Low-Priced Stock Fund holds 6,080K shares representing 2.02% ownership of the company. In it’s prior filing, the firm reported owning 210K shares, representing an increase of 96.55%. The firm increased its portfolio allocation in AR by 2,333.35% 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.

This article originally appeared on Fintel