Antero Resources (AR) Receives a Buy from UBS

UBS analyst Josh Silverstein maintained a Buy rating on Antero Resources on March 19 and set a price target of $54.00. The company’s shares closed last Friday at $43.30.

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According to TipRanks, Silverstein is a 5-star analyst with an average return of 12.2% and a 65.67% success rate. Silverstein covers the Energy sector, focusing on stocks such as Ovintiv, Devon Energy, and APA.

Currently, the analyst consensus on Antero Resources is a Strong Buy with an average price target of $45.63, which is a 5.38% upside from current levels. In a report released today, TipRanks – Anthropic also reiterated a Buy rating on the stock with a $48.00 price target.

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. 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.