Antero Resources (AR) Receives a Buy from Citi

In a report released yesterday, Paul Diamond CFA from Citi maintained a Buy rating on Antero Resources, with a price target of $39.00. The company’s shares closed yesterday at $41.03.

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Diamond CFA covers the Energy sector, focusing on stocks such as Magnolia Oil & Gas, Range Resources, and Matador Resources. According to TipRanks, Diamond CFA has an average return of 6.1% and a 58.20% success rate on recommended stocks.

In addition to Citi, Antero Resources also received a Buy from Siebert Williams Shank & Co’s Gabriele Sorbara in a report issued on March 6. However, on March 13, 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 61 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. Earlier this month, Sheri Pearce, the SVP – Accounting and Chief Accounting Officer of AR sold 19,667.00 shares for a total of $749,902.71.