Antero Resources

AR · NYSE

$38.83+$0.00 (+0.00%)TodayMarket closed · Oct 20, 7:56 PM ET

Prev close $38.83

AR analyst rating

BuyConsensus of 16 analysts over the last 12 months. 75% rate it a buy.

Strong buy1
Buy11
Hold4
Underperform0
Sell0

12-month price target · 24 analysts

Average $49.77 (+28.2% upside)

Low: $21.21
Now: $38.83
High: $63.00

Upgrades and downgrades

The latest rating actions, newest first

AR analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Scotiabank	Oct 15, 2026	Initiates	Sector Outperform	$46.00	59%
Morgan Stanley	Oct 15, 2026	Maintains	Overweight	$49.00 → $51.00	66%
Mizuho	Oct 8, 2026	Maintains	Outperform	$57.00 → $51.00	60%
UBS	Oct 6, 2026	Maintains	Buy	$58.00 → $54.00	55%
Truist Securities	Oct 5, 2026	Maintains	Buy	$52.00 → $46.00	63%
Jefferies	Oct 2, 2026	Maintains	Buy	$60.00 → $56.00	58%
UBS	Sep 14, 2026	Maintains	Buy	$52.00 → $58.00	55%
Stifel	Sep 10, 2026	Initiates	Hold	$42.00	32%
Goldman Sachs	Sep 2, 2026	Maintains	Buy	$42.00 → $48.00	62%
Raymond James	Sep 1, 2026	Maintains	Strong Buy	$50.00 → $55.00	62%

The case for and against

Updated Sep 25, 2024

Bull case

Antero Resources reported proven reserves of 18.1 trillion cubic feet of natural gas equivalent and maintained a strong production level of approximately 3,483 million cubic feet of equivalent per day in 2023, with a noteworthy balance of 37% liquids and 63% natural gas. The company is poised for improvement through enhanced operational efficiencies, potential cost reductions exceeding the current 10% year-over-year guidance, and recovery in natural gas liquids pricing, particularly propane. Additionally, a stronger free cash flow (FCF) is anticipated, which may enable increased activity in the company’s buyback program.

Bear case

Antero Resources is facing a negative outlook due to anticipated lower free cash flow (FCF) in the near term resulting from current depressed natural gas and liquids pricing. The company's unhedged strategy, which was previously viewed favorably, is expected to lead to decreased FCF when investor scrutiny may increase concerning larger gas exploration and production positions. Additionally, ongoing negative sentiment in the gas exploration and production sector, coupled with potential declines in industry activity and reduced price estimates, may further hinder Antero Resources' financial performance and investor confidence.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.