Antero Resources (AR) Gets a Buy from UBS
UBS analyst Josh Silverstein reiterated a Buy rating on Antero Resources today and set a price target of $54.00.
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According to TipRanks, Silverstein is a 5-star analyst with an average return of 13.0% and a 64.86% success rate. Silverstein covers the Energy sector, focusing on stocks such as Ovintiv, Conocophillips, and Devon Energy.
In addition to UBS, Antero Resources also received a Buy from Jefferies’s Lloyd Byrne in a report issued on April 7. However, on the same day, Barclays assigned a Hold rating to 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 57 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.
Read More on AR:
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- Antero Resources price target raised to $54 from $50 at Jefferies
- Improving Fundamentals but Fairly Valued: Rationale Behind Maintaining a Hold on Antero
- Antero Resources price target raised to $50 from $40 at BMO Capital
- Antero Resources price target raised to $53 from $39 at Citi
- Antero Resources price target raised to $54 from $46 at Morgan Stanley
