Guggenheim Thinks Antero Resources’ Stock is Going to Recover

In a report released yesterday, Subash Chandra from Guggenheim reiterated a Buy rating on Antero Resources (ARResearch Report), with a price target of $19. The company’s shares closed yesterday at $9.07, close to its 52-week low of $8.53.

According to TipRanks.com, Chandra is a 1-star analyst with an average return of -0.5% and a 43.2% success rate. Chandra covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Continental Resources, and Gulfport Energy Corp.

Antero Resources has an analyst consensus of Moderate Buy, with a price target consensus of $14, representing a 54.4% upside. In a report issued on February 8, Susquehanna also reiterated a Buy rating on the stock with a $11 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 57 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.