Antero Resources Gets a Hold Rating from Barclays

By Ryan Adsit

In a report issued on December 21, Jeffrey Robertson from Barclays maintained a Hold rating on Antero Resources (NYSE: AR), with a price target of $22. The company’s shares closed on Friday at $18.59, close to its 52-week low of $17.59.

According to TipRanks.com, Robertson is a 4-star analyst with an average return of 4.0% and a 51.6% success rate. Robertson covers the Basic Materials sector, focusing on stocks such as Wildhorse Resource Development Corp, Vanguard Natural Resources LLC, and CNX Resources Corporation.

Currently, the analyst consensus on Antero Resources is Moderate Buy and the average price target is $23.63, representing a 27.1% upside.

In a report issued on December 8, SunTrust Robinson also initiated coverage with a Hold rating on the stock with a $23 price target.

Based on Antero Resources’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $714 million and GAAP net loss of $135 million. In comparison, last year the company earned revenue of $586 million and had a net profit of $238 million.

Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock.

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Antero Resources Corp. is an independent oil and natural gas company, which engages in the exploration, development and acquisition of unconventional oil and liquids-rich natural gas properties located in the Appalachian Basin in West Virginia, Ohio and Pennsylvania. It focuses on unconventional reservoirs, which can generally be characterized as fractured shales and tight sand formations. The company was founded by Paul M. Rady and Glen C. Warren, Jr. in June 2002 and is headquartered in Denver, CO.