Susquehanna analyst Biju Perincheril reiterated a Buy rating on Antero Resources (AR) today and set a price target of $14. The company’s shares closed on Friday at $10.25, close to its 52-week low of $8.86.
According to TipRanks.com, Perincheril is a 3-star analyst with an average return of 0.9% and a 42.0% success rate. Perincheril covers the Basic Materials sector, focusing on stocks such as CNX Resources Corporation, Whiting Petroleum Corp, and Continental Resources.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Antero Resources with a $18.38 average 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.
