Antero Resources (AR)

• Market cap: $12.6B
• 1 day: -0.27%
• 5 days: 5.06%
• 1 month: 28.08%
• 3 months: 48.21%
• 6 months: 35.73%
• Year to date: 13.75%
• 1 year: 82.99%
• 5 years: 1,592.89%
• 10 years: 10.70%
• Sector: Energy
• Industry: Crude Petroleum & Natural Gas

About: Antero Resources, based in Denver, engages in the exploration for and production of natural gas and natural gas liquids in the United States and Canada. At the end of 2023, the company reported proven reserves of 18.1 trillion cubic feet of natural gas equivalent. Production averaged approximately 3,483 million cubic feet of equivalent a day in 2023 at a ratio of 37% liquids and 63% natural gas.

Employees: 604

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

13% more repeat investments, than reductions

Existing positions increased: 154 | Existing positions reduced: 136

1.49% less ownership

Funds ownership: 85.17% [Q2] → 83.68% (-1.49%) [Q3]

4% less funds holding

Funds holding: 424 [Q2] → 409 (-15) [Q3]

11% less first-time investments, than exits

New positions opened: 59 | Existing positions closed: 66

14% less capital invested

Capital invested by funds: $8.55B [Q2] → $7.39B (-$1.17B) [Q3]

21% less funds holding in top 10

Funds holding in top 10: 19 [Q2] → 15 (-4) [Q3]

21% less call options, than puts

Call options by funds: $289M | Put options by funds: $367M

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $32 21% downside
• Avg. target: $38 7% downside
• High target: $44 9% upside

8 analyst ratings

• positive: 3 38%
• neutral: 5 63%
• negative: 0 0%

UBS Josh Silverstein 60% 1-year accuracy 28 / 47 met price target	4% downside $39	Neutral Maintained	17 Jan 2025
JP Morgan Arun Jayaram 55% 1-year accuracy 17 / 31 met price target	6% downside $38	Overweight Maintained	14 Jan 2025
Truist Securities Neal Dingmann 63% 1-year accuracy 100 / 159 met price target	6% downside $38	Hold Maintained	13 Jan 2025
Wells Fargo Roger Read 40% 1-year accuracy 42 / 104 met price target	21% downside $32	Equal-Weight Upgraded	17 Dec 2024
Mizuho Nitin Kumar 56% 1-year accuracy 41 / 73 met price target	1% downside $40	Neutral Maintained	16 Dec 2024