In a report released yesterday, Gabriel Daoud from Truist Financial maintained a Buy rating on Antero Resources, with a price target of $52.00.TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
According to TipRanks, Daoud is an analyst with an average return of -12.3% and a 31.16% success rate. Daoud covers the Energy sector, focusing on stocks such as Devon Energy, APA, and Matador Resources.
In addition to Truist Financial, Antero Resources also received a Buy from Goldman Sachs’s Neil Mehta in a report issued on June 30. However, on July 8, J.P. Morgan maintained a Hold rating on Antero Resources (NYSE: AR).
Based on Antero Resources’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.86 billion and a net profit of $535.22 million. In comparison, last year the company earned a revenue of $1.39 billion and had a net profit of $207.97 million
Based on the recent corporate insider activity of 48 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.
