Antero Resources Corp Surpasses Analyst Price Target: What’s Next for Investors?
Recently, shares of Antero Resources Corp (Symbol: AR) have risen above the average 12-month target price set by analysts, trading at $33.18 per share, which is higher than the average of $32.81. When a stock exceeds its target price, analysts typically decide between downgrading their valuation or raising their target based on the company’s performance. Positive business developments can prompt a reassessment of what the target price should be.
Currently, there are 21 analysts providing targets for Antero Resources Corp within the Zacks coverage universe. While the average price is $32.81, estimates vary significantly; one analyst predicts the price could drop to $24.00, while another sees potential for it to hit $44.00. The standard deviation among these targets stands at $4.632, indicating a range of expectations.
Investors are encouraged to consider the “wisdom of crowds” approach, which compiles the diverse insights of multiple analysts rather than relying on a single viewpoint. With AR’s recent performance above the analyst target, now could be a pivotal moment for investors to evaluate the stock’s future. They must decide whether this is just a stop toward an even higher target or if the stock’s current valuation suggests it might be time to take some profits. Below is a table summarizing the latest analyst ratings for Antero Resources Corp:
| Recent AR Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 10 | 9 | 10 | 9 |
| Buy ratings: | 1 | 1 | 1 | 0 |
| Hold ratings: | 8 | 8 | 7 | 7 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 1 | 1 | 0 | 0 |
| Average rating: | 2.03 | 2.08 | 1.81 | 1.88 |
The average rating on this table ranges from 1 (Strong Buy) to 5 (Strong Sell). This information is based on data provided by Zacks Investment Research via Quandl.com. For the most recent Zacks research report on AR, click here — FREE.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
