FY2024 EPS Estimates for AR Raised by Capital One Financial

Antero Resources Co. (NYSE:AR) – Investment analysts at Capital One Financial increased their FY2024 EPS estimates for shares of Antero Resources in a research report issued on Tuesday, January 21st. Capital One Financial analyst B. Velie now anticipates that the oil and natural gas company will earn ($0.11) per share for the year, up from their prior estimate of ($0.16). The consensus estimate for Antero Resources’ current full-year earnings is ($0.12) per share.

AR has been the topic of a number of other reports. Benchmark restated a “hold” rating on shares of Antero Resources in a research report on Friday, January 17th. Raymond James lifted their price target on shares of Antero Resources from $34.00 to $44.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 21st. Citigroup increased their target price on shares of Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Truist Financial raised their price target on shares of Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. upped their price target on shares of Antero Resources from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Antero Resources presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.88.

Antero Resources Price Performance

AR opened at $40.73 on Thursday. The stock has a 50-day moving average price of $34.19 and a 200-day moving average price of $30.25. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. Antero Resources has a 1 year low of $20.56 and a 1 year high of $41.53. The firm has a market cap of $12.67 billion, a PE ratio of 290.91 and a beta of 3.37.

Hedge Funds Weigh In On Antero Resources

Large investors have recently made changes to their positions in the company. HITE Hedge Asset Management LLC boosted its stake in Antero Resources by 537.2% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 954,685 shares of the oil and natural gas company’s stock valued at $27,352,000 after purchasing an additional 804,851 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Antero Resources by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company’s stock worth $500,231,000 after acquiring an additional 675,053 shares during the period. Kailix Advisors LLC purchased a new stake in shares of Antero Resources during the third quarter valued at approximately $17,327,000. Driehaus Capital Management LLC bought a new stake in Antero Resources in the 2nd quarter worth approximately $17,307,000. Finally, Assenagon Asset Management S.A. lifted its position in Antero Resources by 36.3% during the third quarter. Assenagon Asset Management S.A. now owns 1,747,304 shares of the oil and natural gas company’s stock valued at $50,060,000 after purchasing an additional 464,970 shares in the last quarter. Institutional investors own 83.04% of the company’s stock.

About Antero Resources

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.