Antero Resources Corporation (AR) Stock Analysis
Over the past 10 years, Antero Resources (AR) earnings per share (EPS) declined 5.0% a year, revenue grew 13.8% a year and free cash flow grew 14.9% a year, with an average return on invested capital (ROIC) of 1.1%. AR stock trades at $35.23, a P/E of 14.2, below its historical average of 61.6. Analysts' average 12-month price target is $50.17 (+42.4%).
Antero Resources Corporation functions as an independent energy enterprise, primarily engaged in identifying, acquiring, developing, and extracting natural gas, natural gas liquids (NGLs), and crude oil deposits throughout the United States.
Exhibit A Growth Dossier
| Metric | 10yr | 5yr | 1yr | Grade |
|---|---|---|---|---|
| Book Value/Share GrowthBV/S | 1.1% | 2.7% | 14.8% | C+ |
| EPS GrowthEPS | -5.0% | 28.8% | 55.0% | B+ |
| Revenue GrowthRevenue | 13.8% | 10.2% | 18.8% | A- |
| Cash Flow GrowthCash Flow | 14.9% | 12.6% | 4.2% | B+ |
| ROICROIC | 1.1% | 4.4% | 4.7% | C |
Exhibit B Valuation Ledger
- Current EPS
- $2.48
- Historical Avg P/E
- 61.6
- Future P/E (used for sticker price)
- Projected EPS (10yr)
- Sticker Price (10yr)
- Price for 15% Annual Return
- Expected Annual Return
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Not investment advice — a structured read of historical fundamentals, not a forecast or recommendation. Always do your own research.
Exhibit C Raw Data (last 10 years)
| Metric | Trend | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / ShareBV/S | $21.65 | $21.23 | $25.77 | $24.26 | $22.75 | $21.17 | $18.68 | $20.52 | $22.15 | $22.40 | $24.17 | $26.77 | |
| Basic EPSEPS | $3.43 | -$2.88 | $1.95 | -$1.26 | -$1.11 | -$4.65 | -$0.61 | $6.09 | $0.66 | $0.18 | $2.05 | $2.48 | |
| RevenueRevenue | $1,375,128,000 | $1,755,061,000 | $2,760,640,000 | $3,652,894,000 | $3,643,873,000 | $3,083,905,000 | $5,791,784,000 | $8,299,911,000 | $4,278,974,000 | $4,118,695,000 | $5,013,610,000 | $5,616,907,000 | |
| Free Cash FlowCash Flow | $309,754,000 | $73,586,000 | $1,071,523,000 | $1,359,974,000 | $935,421,000 | $687,548,000 | $1,545,355,000 | $2,888,020,000 | $827,204,000 | $747,364,000 | $1,243,148,000 | $1,410,225,000 | |
| ROIC (%)ROIC | 8.4% | -4.4% | 5.1% | 0.1% | -5.4% | -5.8% | 0.1% | 16.1% | 2.6% | -1.7% | 4.7% | — |
The exact underlying data used to compute the growth rates and grades above. The highlighted TTM column is the trailing twelve months through the most recently reported quarter.
Ticker INVESTigator Price Target
Analyst Data
Price Target
Where the stock trades today vs. the range of 12-month price targets from covering analysts.
50 firms rate it — 1 strong buy, 33 buy, 16 hold · Most recent Oct 2026
AR Stock FAQ
What is AR's stock price target?
The average 12-month analyst price target for AR is $50.17, with a range of $38.00 to $57.00. That is +42.4% from the current price of $35.23.
Do analysts rate AR a buy?
Most rate it a buy. Of 50 firms covering Antero Resources, the ratings are 34 buy or strong buy, 16 hold and 0 sell or strong sell.
How fast is Antero Resources growing?
Annual growth rates for AR. EPS: -5.0% over 10 years, 28.8% over 5 years, 55.0% over 1 year. Revenue: 13.8% over 10 years, 10.2% over 5 years, 18.8% over 1 year. Free cash flow: 14.9% over 10 years, 12.6% over 5 years, 4.2% over 1 year. Book value per share: 1.1% over 10 years, 2.7% over 5 years, 14.8% over 1 year.
What is AR's ROIC?
Antero Resources' return on invested capital (ROIC) was 4.7% in fiscal 2025. Its 10-year average ROIC is 1.1%. ROIC above 10% is generally a sign of a business with a durable competitive advantage.
What is AR's P/E ratio?
AR's current P/E ratio is 14.2, compared with a historical average of 61.6. Trailing earnings per share are $2.48.
What is Antero Resources' market cap and stock price?
AR last traded at $35.23 as of October 6, 2026. Its 52-week range is $29.10 to $45.75. Antero Resources has a market cap of $10.74B.
Exhibit D Related Coverage
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Data as of October 6, 2026. Findings are derived from historical fundamentals — not a forecast, not advice. Cross-examine before you invest.
Grades are produced by Ticker INVESTigator's own model from public financial data and are for informational and educational purposes only. They are not investment advice or a recommendation to buy or sell any security. Do your own research.