Zacks: Analysts Anticipate Antero Resources Corp (NYSE:AR) to Announce -$0.02 Earnings Per Share

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Equities research analysts expect that Antero Resources Corp (NYSE:AR) will report ($0.02) earnings per share (EPS) for the current quarter, Zacks reports. Six analysts have issued estimates for Antero Resources’ earnings. The highest EPS estimate is $0.28 and the lowest is ($0.23). Antero Resources reported earnings of $0.02 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 200%. The firm is expected to issue its next earnings results after the market closes on Wednesday, July 31st.

According to Zacks, analysts expect that Antero Resources will report full-year earnings of $0.40 per share for the current financial year, with EPS estimates ranging from ($0.44) to $1.47. For the next financial year, analysts forecast that the business will post earnings of $0.58 per share, with EPS estimates ranging from ($0.75) to $2.82. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Antero Resources.

Antero Resources (NYSE:AR) last announced its earnings results on Wednesday, May 1st. The oil and natural gas company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.05). The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.24 billion. Antero Resources had a positive return on equity of 3.70% and a negative net margin of 9.58%. The business’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 EPS.

AR has been the subject of a number of analyst reports. Goldman Sachs Group lowered shares of Encana to a “buy” rating in a research report on Friday, April 12th. Morgan Stanley set a $207.00 price objective on shares of Alibaba Group and gave the company a “buy” rating in a research report on Friday, July 12th. Tudor Pickering lowered shares of Antero Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Stifel Nicolaus set a $17.00 price objective on shares of Antero Resources and gave the company a “buy” rating in a research report on Friday, March 22nd. Finally, Macquarie initiated coverage on shares of Antero Resources in a research report on Wednesday, May 29th. They issued an “underperform” rating and a $5.50 price objective for the company. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $13.48.

AR traded down $0.08 during midday trading on Friday, reaching $4.84. 179,672 shares of the company’s stock were exchanged, compared to its average volume of 8,775,756. The company’s 50-day moving average price is $5.80. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.78. The firm has a market cap of $1.52 billion, a PE ratio of 6.38, a PEG ratio of 0.43 and a beta of 0.74. Antero Resources has a 1-year low of $4.84 and a 1-year high of $21.62.

In related news, insider Glen C. Warren, Jr. purchased 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was purchased at an average price of $6.93 per share, with a total value of $173,250.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James R. Levy sold 16,094,190 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $6.17, for a total transaction of $99,301,152.30. Following the transaction, the director now directly owns 116,214 shares of the company’s stock, valued at approximately $717,040.38. The disclosure for this sale can be found here. Insiders have purchased 48,050 shares of company stock valued at $330,062 in the last ninety days. 9.70% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the stock. Quadrant Capital Group LLC boosted its stake in shares of Antero Resources by 3,191.9% in the first quarter. Quadrant Capital Group LLC now owns 3,654 shares of the oil and natural gas company’s stock valued at $31,000 after purchasing an additional 3,543 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Antero Resources by 100.0% in the second quarter. Nisa Investment Advisors LLC now owns 6,400 shares of the oil and natural gas company’s stock valued at $35,000 after purchasing an additional 3,200 shares during the period. Commonwealth Bank of Australia boosted its stake in shares of Antero Resources by 1,440.0% in the first quarter. Commonwealth Bank of Australia now owns 7,700 shares of the oil and natural gas company’s stock valued at $66,000 after purchasing an additional 7,200 shares during the period. Comerica Bank purchased a new position in shares of Antero Resources in the first quarter valued at $87,000. Finally, World Asset Management Inc purchased a new position in shares of Antero Resources in the first quarter valued at $96,000. 95.13% of the stock is owned by hedge funds and other institutional investors.

About Antero Resources

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2018, the company had approximately 486,000 net acres in the southwestern core of the Marcellus Shale; 125,000 net acres in the core of the Utica Shale; and 209,000 net acres of Marcellus Shale leasehold.

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