Antero Resources (NYSE:AR) Issues Earnings Results, Beats Estimates By $0.14 EPS

Antero Resources (NYSE:AR) announced its earnings results on Wednesday. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.14, Zacks reports. Antero Resources had a net margin of 1.03% and a negative return on equity of 0.59%.

Antero Resources Stock Down 1.7 %

NYSE AR traded down $0.67 during trading on Wednesday, hitting $39.35. 4,787,276 shares of the company traded hands, compared to its average volume of 4,861,790. Antero Resources has a 12 month low of $20.56 and a 12 month high of $41.53. The business has a fifty day simple moving average of $35.93 and a 200 day simple moving average of $30.99. The company has a market capitalization of $12.24 billion, a P/E ratio of 281.07 and a beta of 3.33. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AR. StockNews.com raised Antero Resources to a “sell” rating in a research report on Thursday, January 16th. Barclays upped their target price on Antero Resources from $30.00 to $36.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. The Goldman Sachs Group increased their price target on shares of Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Citigroup boosted their price objective on shares of Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Finally, Benchmark reiterated a “hold” rating on shares of Antero Resources in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Antero Resources has an average rating of “Moderate Buy” and a consensus price target of $39.00.

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.