Antero Resources Co. Forecasted to Earn Q3 2024 Earnings of $0.06 Per Share (NYSE:AR)

Antero Resources Co. (NYSE:AR) – Zacks Research lowered their Q3 2024 earnings per share (EPS) estimates for Antero Resources in a research report issued on Monday, May 6th. Zacks Research analyst N. Banerjee now expects that the oil and natural gas company will post earnings per share of $0.06 for the quarter, down from their prior forecast of $0.08. The consensus estimate for Antero Resources’ current full-year earnings is $0.33 per share. Zacks Research also issued estimates for Antero Resources’ Q1 2025 earnings at $0.62 EPS and Q4 2025 earnings at $0.84 EPS.

A number of other research analysts have also commented on the stock. Wells Fargo & Company upped their price target on shares of Antero Resources from $35.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Truist Financial decreased their target price on Antero Resources from $28.00 to $27.00 and set a “hold” rating on the stock in a research report on Friday, April 5th. Scotiabank boosted their price target on Antero Resources from $36.00 to $40.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 30th. Tudor, Pickering, Holt & Co. upgraded shares of Antero Resources from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Wednesday, January 17th. Finally, Mizuho lifted their price objective on shares of Antero Resources from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Antero Resources has a consensus rating of “Hold” and an average target price of $32.08.

Antero Resources Price Performance

Shares of AR opened at $34.35 on Wednesday. The company’s 50-day moving average is $29.06 and its 200-day moving average is $25.73. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a market capitalization of $10.68 billion, a PE ratio of 171.75 and a beta of 3.27. Antero Resources has a fifty-two week low of $19.91 and a fifty-two week high of $34.99.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.04. Antero Resources had a return on equity of 0.18% and a net margin of 1.50%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.17 billion.

Institutional Investors Weigh In On Antero Resources

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP raised its position in Antero Resources by 55.5% in the third quarter. Wellington Management Group LLP now owns 7,881,657 shares of the oil and natural gas company’s stock valued at $200,036,000 after purchasing an additional 2,814,127 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Antero Resources by 28.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,659,033 shares of the oil and natural gas company’s stock valued at $128,352,000 after buying an additional 1,253,510 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new position in Antero Resources in the 1st quarter valued at approximately $35,734,000. Bank of New York Mellon Corp boosted its position in Antero Resources by 34.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,826,549 shares of the oil and natural gas company’s stock worth $97,118,000 after buying an additional 982,384 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in Antero Resources by 129.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,508,156 shares of the oil and natural gas company’s stock worth $34,205,000 after acquiring an additional 850,940 shares during the last quarter. 83.04% of the stock is owned by institutional investors.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, Director Robert J. Clark sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $33.67, for a total transaction of $336,700.00. Following the completion of the transaction, the director now directly owns 69,963 shares in the company, valued at $2,355,654.21. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Robert J. Clark sold 10,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $33.67, for a total transaction of $336,700.00. Following the completion of the sale, the director now directly owns 69,963 shares in the company, valued at approximately $2,355,654.21. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director W Howard Keenan, Jr. sold 232,293 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $25.85, for a total value of $6,004,774.05. Following the completion of the sale, the director now directly owns 3,000,000 shares in the company, valued at $77,550,000. The disclosure for this sale can be found here. Insiders have sold a total of 477,280 shares of company stock valued at $12,490,305 in the last ninety days. 5.95% of the stock is currently owned by company insiders.

Antero Resources Company Profile

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.