Jefferies Remains a Buy on Antero Resources (AR)

Jefferies analyst Lloyd Byrne maintained a Buy rating on Antero Resources yesterday and set a price target of $54.00.

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Byrne covers the Energy sector, focusing on stocks such as Sable Offshore, EQT, and Baker Hughes Company. According to TipRanks, Byrne has an average return of 21.0% and a 62.06% success rate on recommended stocks.

In addition to Jefferies, Antero Resources also received a Buy from TipRanks – OpenAI’s OpenAI Oil and Gas Exploration and Production in a report issued on April 2. However, on the same day, TipRanks – xAI reiterated a Hold rating on Antero Resources (NYSE: AR).

Based on Antero Resources’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.43 billion and a net profit of $193.68 million. In comparison, last year the company earned a revenue of $1.15 billion and had a net profit of $106.99 million

Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AR in relation to earlier this year. Last month, Sheri Pearce, the SVP – Accounting and Chief Accounting Officer of AR sold 19,667.00 shares for a total of $749,902.71.