Siebert Williams Shank & Co Sticks to Its Buy Rating for Antero Resources (AR)

Siebert Williams Shank & Co analyst Gabriele Sorbara reiterated a Buy rating on Antero Resources today and set a price target of $56.00.

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Sorbara covers the Energy sector, focusing on stocks such as CNX Resources, Devon Energy, and Ovintiv. According to TipRanks, Sorbara has an average return of 13.5% and a 62.81% success rate on recommended stocks.

In addition to Siebert Williams Shank & Co, Antero Resources also received a Buy from Morgan Stanley’s Devin McDermott in a report issued on April 17. However, on the same day, Barclays maintained 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 60 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, Yvette K Schultz, the SVP – Legal, Chief Compliance Officer, GC and Corporate Secretary of AR sold 15,000.00 shares for a total of $589,950.00.