Wells Fargo Maintains Their Buy Rating on Antero Resources (AR)

Wells Fargo analyst Nitin Kumar CFA maintained a Buy rating on Antero Resources (ARResearch Report) today and set a price target of $48.00. The company’s shares closed last Friday at $31.00.

According to, CFA is a top 100 analyst with an average return of 31.0% and a 75.7% success rate. CFA covers the Utilities sector, focusing on stocks such as Continental Resources, Southwestern Energy, and Magnolia Oil & Gas.

Antero Resources has an analyst consensus of Strong Buy, with a price target consensus of $49.63, a 54.4% upside from current levels. In a report issued on July 5, Goldman Sachs also maintained a Buy rating on the stock with a $43.00 price target.

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Based on Antero Resources’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.72 billion and GAAP net loss of $156 million. In comparison, last year the company earned revenue of $1.21 billion and had a GAAP net loss of $15.5 million.

Based on the recent corporate insider activity of 50 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.

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Antero Resources Corp. is an independent oil and natural gas company. It engages in the exploration, development, and production of natural gas, NGLs, and oil. The firm focuses on marketing and utilization of excess firm transportation capacity, and equity method investment in Antero Midstream Corporation. The company was founded by Paul M. Rady and Glen C. Warren, Jr. in June 2002 and is headquartered in Denver, CO.

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