Antero Resources (AR) Receives a Buy from TD Cowen
TD Cowen analyst Gabriel Daoud initiated coverage with a Buy rating on Antero Resources today and set a price target of $56.00.
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Daoud covers the Energy sector, focusing on stocks such as Enterprise Products Partners, EOG Resources, and Occidental Petroleum. According to TipRanks, Daoud has an average return of -14.8% and a 32.48% success rate on recommended stocks.
In addition to TD Cowen, Antero Resources also received a Buy from TipRanks – OpenAI’s OpenAI Oil and Gas Exploration and Production in a report issued yesterday. However, on the same day, TipRanks – xAI reiterated 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 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.
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