BMO Capital Thinks Antero Resources’ Stock is Going to Recover

By Ryan Adsit

In a report released yesterday, Daniel Boyd from BMO Capital reiterated a Buy rating on Antero Resources (NYSE: AR), with a price target of $26. The company’s shares opened today at $20.20, close to its 52-week low of $19.51.

According to, Boyd is a 4-star analyst with an average return of 6.0% and a 56.5% success rate. Boyd covers the Basic Materials sector, focusing on stocks such as Diamond Offshore Drilling, Oil States International, and Rice Midstream Partners.

Antero Resources has an analyst consensus of Strong Buy, with a price target consensus of $30.

Based on Antero Resources’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $757 million and quarterly net profit of $268 million. In comparison, last year the company earned revenue of $441 million and had a GAAP net loss of $5.06 million.

Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AR in relation to earlier this year. Most recently, in December 2016, Alvyn Schopp, the Chief Admin & Regional VP of AR sold 40,000 shares for a total of $1,068,000.

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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.,005X80-E