Antero Midstream Climbs to 10th in WSB Rankings Amid Modest Stock Uptick
1min read In recent trading, Antero Midstream ascended to the 10th position in the latest WSB rankings, rising three places from the previous day. The company experienced a modest increase of 0.27% in its stock price.
Truist Securities recently reiterated its hold rating on Antero Resources, setting a target price of $28.00 as of September 30th. This outlook follows the company's mid-year financial disclosure, where Antero Resources reported revenue of $2.101 billion for the period ending June 30, 2024. This marked an 11.04% decrease year-over-year, with a net loss of $12.168 million and an earnings per share of -$0.10.
Antero Resources Corporation, situated in Delaware, alongside its subsidiaries, is chiefly involved in the development, production, exploration, and acquisition of natural gas, NGLs, and oil assets in the Appalachian Basin. The company focuses on expansive, repeatable resource zones, utilizing horizontal drilling and advanced fracturing techniques to economically harness these unconventional reservoirs. As of December 31, 2023, Antero Resources managed approximately 515,000 net acres of natural gas, NGLs, and oil assets, primarily in West Virginia and Ohio, with its headquarters based in Denver, Colorado.
