#6 - Antero Resources (NYSE:AR)
Antero Resources (NYSE: AR) - The outlook for Antero Resources really depends on how you view the status of natural gas going into 2019. Recently Morgan Stanley and Goldman Sachs projected a bearish outlook for natural gas, with some estimates projecting prices around $2.50 MMbtu. Antero is fully hedged at a production price of $3.50 MMbtu through 2019. Nevertheless, stocks often trade on the news and the bearish forecast for natural gas was largely responsible for Antero's stock correcting by over 7%. Currently, the stock is considered to be overvalued based on earnings compared to both the U.S. Oil & Gas Industry Average as well as the overall U.S. market. However, the company is said to be a good value compared to the industry based on assets and growth. The stock price has struggled to regain its momentum despite a recent rise in energy prices – a trend that looks like it could be ready to reverse. Antero's revenue forecast missed analysts' expectations. If they miss on their next earnings report on October 31st, it could cause the stock price to decline even further.
About Antero Resources
Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.
Read More - Current Price
- $30.93
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 11 Buy Ratings, 8 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $34.78 (12.4% Upside)
