Antero Resources Corp (AR) to Post FY2018 Earnings of $0.93 Per Share, Capital One Financial Forecasts

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Antero Resources Corp (NYSE:AR) – Equities researchers at Capital One Financial lifted their FY2018 EPS estimates for Antero Resources in a research note issued to investors on Tuesday, January 8th. Capital One Financial analyst B. Velie now anticipates that the oil and natural gas company will post earnings of $0.93 per share for the year, up from their prior forecast of $0.92. Capital One Financial has a “Equal Weight” rating on the stock. Capital One Financial also issued estimates for Antero Resources’ Q4 2018 earnings at $0.40 EPS.

Several other research analysts have also recently commented on the stock. Scotiabank set a $19.00 target price on shares of Antero Resources and gave the stock a “hold” rating in a report on Thursday, December 20th. TD Securities reduced their price target on shares of Antero Resources from $24.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, December 19th. Raymond James lowered shares of Antero Resources from an “outperform” rating to an “underperform” rating in a research report on Wednesday, December 19th. Jefferies Financial Group reissued a “hold” rating and issued a $13.00 price target on shares of Antero Resources in a research report on Monday, December 17th. Finally, Zacks Investment Research lowered shares of Antero Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, December 11th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. Antero Resources has an average rating of “Hold” and an average price target of $21.04.

Shares of AR opened at $10.50 on Thursday. Antero Resources has a one year low of $8.86 and a one year high of $22.69. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 87.50 and a beta of 1.02. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.63.

Antero Resources (NYSE:AR) last announced its earnings results on Wednesday, October 31st. The oil and natural gas company reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. Antero Resources had a net margin of 5.12% and a return on equity of 2.80%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the company posted $0.01 earnings per share. The business’s revenue for the quarter was up 38.6% on a year-over-year basis.

Institutional investors and hedge funds have recently modified their holdings of the stock. Parkwood LLC raised its position in Antero Resources by 31.8% during the third quarter. Parkwood LLC now owns 368,440 shares of the oil and natural gas company’s stock valued at $6,525,000 after acquiring an additional 88,888 shares in the last quarter. grace capital bought a new position in Antero Resources during the second quarter valued at approximately $278,000. Oregon Public Employees Retirement Fund raised its position in Antero Resources by 72.1% during the second quarter. Oregon Public Employees Retirement Fund now owns 68,725 shares of the oil and natural gas company’s stock valued at $1,467,000 after acquiring an additional 28,803 shares in the last quarter. Advisors Capital Management LLC grew its holdings in Antero Resources by 7.2% during the third quarter. Advisors Capital Management LLC now owns 124,213 shares of the oil and natural gas company’s stock valued at $2,200,000 after purchasing an additional 8,302 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC acquired a new position in Antero Resources during the third quarter valued at approximately $177,000. 95.92% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Robert J. Clark sold 20,429 shares of the firm’s stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $12.80, for a total transaction of $261,491.20. Following the transaction, the director now owns 26,924 shares of the company’s stock, valued at $344,627.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard W. Connor sold 6,907 shares of the firm’s stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $16.49, for a total transaction of $113,896.43. Following the transaction, the director now directly owns 26,059 shares in the company, valued at approximately $429,712.91. The disclosure for this sale can be found here. Insiders sold 28,336 shares of company stock valued at $388,888 over the last three months. 9.40% of the stock is owned by insiders.

About Antero Resources

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores, produces, and develops natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2017 had approximately 484,000 net acres in the southwestern core of the Marcellus Shale; approximately 137,000 net acres in the core of the Utica Shale; and approximately 214,000 net acres of Marcellus Shale leasehold.

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Earnings History and Estimates for Antero Resources (NYSE:AR)

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