Antero Resources Co. to Post Q3 2024 Earnings of $0.17 Per Share, Capital One Financial Forecasts (NYSE:AR)

Antero Resources Co. (NYSE:AR) – Stock analysts at Capital One Financial decreased their Q3 2024 EPS estimates for shares of Antero Resources in a research report issued to clients and investors on Saturday, April 20th. Capital One Financial analyst B. Velie now expects that the oil and natural gas company will post earnings per share of $0.17 for the quarter, down from their previous forecast of $0.19. The consensus estimate for Antero Resources’ current full-year earnings is $0.26 per share. Capital One Financial also issued estimates for Antero Resources’ Q4 2024 earnings at $0.23 EPS.

Several other research analysts have also recently weighed in on the stock. Raymond James upped their price objective on shares of Antero Resources from $28.00 to $32.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, January 24th. Mizuho increased their price target on shares of Antero Resources from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Wells Fargo & Company lifted their price objective on shares of Antero Resources from $26.00 to $29.00 and gave the stock an “overweight” rating in a report on Wednesday, February 21st. Morgan Stanley upgraded shares of Antero Resources from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $26.00 to $36.00 in a research report on Wednesday, April 17th. Finally, Benchmark downgraded Antero Resources from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $30.69.

Antero Resources Price Performance

Shares of NYSE AR opened at $30.38 on Tuesday. The firm has a market capitalization of $9.22 billion, a P/E ratio of 39.45 and a beta of 3.30. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.21. The stock’s 50-day simple moving average is $27.05 and its two-hundred day simple moving average is $25.30. Antero Resources has a twelve month low of $19.91 and a twelve month high of $30.90.

Antero Resources (NYSE:AR) last issued its quarterly earnings data on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. Antero Resources had a return on equity of 2.10% and a net margin of 5.19%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion.

Hedge Funds Weigh In On Antero Resources

Hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC lifted its holdings in Antero Resources by 1,311.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock worth $28,000 after buying an additional 892 shares during the period. Lindbrook Capital LLC raised its position in shares of Antero Resources by 81.5% in the 4th quarter. Lindbrook Capital LLC now owns 1,479 shares of the oil and natural gas company’s stock worth $34,000 after acquiring an additional 664 shares in the last quarter. Mather Group LLC. purchased a new position in shares of Antero Resources in the 1st quarter valued at approximately $37,000. Planned Solutions Inc. bought a new stake in shares of Antero Resources during the fourth quarter valued at approximately $45,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in Antero Resources in the third quarter worth $47,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director W Howard Keenan, Jr. sold 206,978 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $26.15, for a total value of $5,412,474.70. Following the transaction, the director now owns 3,793,022 shares in the company, valued at $99,187,525.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Sheri Pearce sold 28,009 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total transaction of $736,356.61. Following the transaction, the insider now owns 106,698 shares in the company, valued at approximately $2,805,090.42. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director W Howard Keenan, Jr. sold 206,978 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $26.15, for a total value of $5,412,474.70. Following the completion of the sale, the director now owns 3,793,022 shares of the company’s stock, valued at approximately $99,187,525.30. The disclosure for this sale can be found here. Insiders have sold 467,280 shares of company stock valued at $12,153,605 in the last ninety days. Company insiders own 5.95% of the company’s stock.

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.