Barclays Sticks to Its Hold Rating for Antero Resources (AR)
In a report released today, Betty Jiang from Barclays maintained a Hold rating on Antero Resources, with a price target of $45.00.
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According to TipRanks, Jiang is a 2-star analyst with an average return of 1.0% and a 43.81% success rate. Jiang covers the Energy sector, focusing on stocks such as Devon Energy, Chevron, and EOG Resources.
In addition to Barclays, Antero Resources also received a Hold from Roth MKM’s Leo Mariani in a report issued on June 23. However, on June 30, Goldman Sachs assigned a Buy rating to Antero Resources (NYSE: AR).
Based on Antero Resources’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.86 billion and a net profit of $535.22 million. In comparison, last year the company earned a revenue of $1.39 billion and had a net profit of $207.97 million
Based on the recent corporate insider activity of 55 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.
Read More on AR:
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- Antero Resources initiated with a Buy at Texas Capital
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