Antero Resources (AR)

• Market cap: $10.8B
• 1 day: -3.73%
• 5 days: 1.34%
• 1 month: -13.87%
• 3 months: -7.98%
• 6 months: 23.42%
• Year to date: -2.08%
• 1 year: 2.41%
• 5 years: 1,068.79%
• 10 years: -21.39%
• Sector: Energy
• Industry: Oil & Gas Exploration & Production

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 2024, the company reported proven reserves of 17.9 trillion cubic feet of natural gas equivalent. Production averaged approximately 3,424 million cubic feet of equivalent a day in 2024 at a ratio of 35% liquids and 65% natural gas.

Employees: 616

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

164% more first-time investments, than exits

New positions opened: 116 | Existing positions closed: 44

78% more call options, than puts

Call options by funds: $397M | Put options by funds: $223M

47% more funds holding in top 10

Funds holding in top 10: 15 [Q3] → 22 (+7) [Q4]

33% more repeat investments, than reductions

Existing positions increased: 167 | Existing positions reduced: 126

24% more capital invested

Capital invested by funds: $7.38B [Q3] → $9.15B (+$1.77B) [Q4]

16% more funds holding

Funds holding: 411 [Q3] → 477 (+66) [Q4]

0.96% more ownership

Funds ownership: 83.53% [Q3] → 84.48% (+0.96%) [Q4]

Research analyst outlook

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

• Low target: $38 9% upside
• Avg. target: $43 25% upside
• High target: $47 35% upside

5 analyst ratings

• positive: 2 40%
• neutral: 3 60%
• negative: 0 0%

TD Cowen David Deckelbaum 75% 1-year accuracy 3 / 4 met price target	32% upside $46	Buy Upgraded	8 Apr 2025
Wells Fargo Roger Read 30% 1-year accuracy 34 / 114 met price target	21% upside $42	Equal-Weight Maintained	19 Mar 2025
JP Morgan Arun Jayaram 33% 1-year accuracy 13 / 40 met price target	35% upside $47	Overweight Maintained	13 Mar 2025
Barclays Betty Jiang 38% 1-year accuracy 14 / 37 met price target	9% upside $38	Equal-Weight Maintained	14 Feb 2025
UBS Josh Silverstein 22% 1-year accuracy 13 / 58 met price target	26% upside $44	Neutral Maintained	13 Feb 2025