In a report released today, Mark Lear from Jefferies reiterated a Hold rating on Antero Resources (AR), with a price target of $11. The company’s shares closed yesterday at $10.47, close to its 52-week low of $8.86.
According to TipRanks.com, Lear has 0 stars on 0-5 star ranking scale with an average return of -11.0% and a 28.1% success rate. Lear covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Whiting Petroleum Corp, and Jagged Peak Energy Inc.
Antero Resources has an analyst consensus of Moderate Buy, with a price target consensus of $16.50, a 57.6% upside from current levels. In a report issued on January 7, BMO Capital also reiterated a Hold rating on the stock with a $10 price target.
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Based on Antero Resources’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $154 million. In comparison, last year the company had a net profit of $487 million.
Based on the recent corporate insider activity of 56 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.
