investing

The Best Stock in Colorado: Antero Resources

We analyzed publicly traded companies based in the Centennial State to identify the best stock in Colorado to buy now.

We scoured the nation to identify the best stock in every state. Antero Resources (symbol AR) is the publicly traded company we picked in Colorado. The company headquarters is located in Denver.

A word of caution: Since we selected a single stock from each state (plus one from D.C), and choices in some states are sparse, a few of our picks are best suited to investors comfortable with a higher degree of risk. This is not necessarily one of our 51 favorite stocks in the entire U.S., in other words.

Antero Resources by the Numbers

  • Headquarters: Denver
  • Share price: $20.16
  • Market value: $6.4 billion
  • Price-earnings ratio: 27

(Prices and data are as of June 22, 2017)

Antero Resources is an oil and natural gas exploration and production company that operates primarily in the Marcellus and Utica shale formations in the Appalachian Basin.

Shares have fallen 1.6% since February, when the company reported a loss of $2.92 a share for 2016. The sell-off has left the stock looking cheap given Antero’s potential for growth. Antero’s future natural gas production is hedged (meaning it is locked in at a certain selling price) through 2018 at favorable prices, says CFRA analyst Stewart Glickman. That leaves Antero free to focus on growth through drilling, Glickman says. Antero projects 20% to 22% annualized growth in production through 2020. Even if that seems optimistic, Glickman says the stock is at “historical trough levels” and assigns a 12-month price target of $25.

Most Popular

Where's My Stimulus Check? Use the IRS's "Get My Payment" Portal to Get an Answer
Coronavirus and Your Money

Where's My Stimulus Check? Use the IRS's "Get My Payment" Portal to Get an Answer

The IRS has an online tool that lets you track the status of your second stimulus check.
January 18, 2021
Biden Calls for $1,400 Payments as Part of $1.9 Trillion Relief Package
Coronavirus and Your Money

Biden Calls for $1,400 Payments as Part of $1.9 Trillion Relief Package

Under Biden's plan for a third stimulus check, the $600 second-round stimulus checks would be increased to $2,000.
January 14, 2021
When Could We Get a Third Stimulus Check?
Coronavirus and Your Money

When Could We Get a Third Stimulus Check?

President-elect Joe Biden and others in Congress are pushing for a third-round of stimulus checks, but it might be a while before we get them.
January 18, 2021

Recommended

Bonds: 10 Things You Need to Know
Investing for Income

Bonds: 10 Things You Need to Know

Bonds can be more complex than stocks, but it's not hard to become a knowledgeable fixed-income investor.
July 22, 2020
Is the Stock Market Open on Inauguration Day 2021?
Markets

Is the Stock Market Open on Inauguration Day 2021?

The federal government will enjoy an off day on Inauguration Day, but the stock and bond markets alike will conduct business as usual.
January 19, 2021
3 Municipal Bond Funds for Rich, Tax-Friendly Yields
Investing for Income

3 Municipal Bond Funds for Rich, Tax-Friendly Yields

Municipal bond funds allow you to enjoy the benefits of tax-exempt income. By investing in CEFs, you can sweeten the pot even further.
December 31, 2020
Stock Market Holidays in 2021
Markets

Stock Market Holidays in 2021

Is the stock market open today? Take a look at which days the NYSE, Nasdaq and bond markets take off in 2021.
December 30, 2020