Morgan Stanley (NYSE:MS) analyst Devin McDermott maintained a Hold rating on Antero Resources (NYSE:AR) on Wednesday, setting a price target of $23, which is approximately 10.79% above the present share price of $20.76.
McDermott expects Antero Resources to post earnings per share (EPS) of -$1.70 for the fourth quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in Antero Resources, with an average price target of $21.33.
The analysts price targets range from a high of $32 to a low of $16.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $1.14 billion and a net profit of $195.91 million. The company's market cap is $6.52 billion.
According to TipRanks.com, Morgan Stanley analyst Devin McDermott is currently ranked with 2 stars on a 0-5 stars ranking scale, with an average return of 1.2% and a 52.45% success rate.
Antero Resources Corp. is an independent oil and natural gas company. It engages in the exploration, development, and production of natural gas, NGLs, and oil. The firm focuses on marketing and utilization of excess firm transportation capacity, and equity method investment in Antero Midstream (NYSE:AM) Corporation. The company was founded by Paul M. Rady and Glen C. Warren, Jr. in June 2002 and is headquartered in Denver, CO.