Wall Street analysts predict that Antero Resources Corp (NYSE:AR) will post earnings of $0.09 per share for the current quarter, Zacks reports. Six analysts have provided estimates for Antero Resources’ earnings, with estimates ranging from ($0.06) to $0.25. Antero Resources posted earnings of $0.02 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 350%. The business is scheduled to announce its next quarterly earnings results on Wednesday, August 7th.
According to Zacks, analysts expect that Antero Resources will report full year earnings of $0.93 per share for the current fiscal year, with EPS estimates ranging from $0.48 to $1.37. For the next fiscal year, analysts forecast that the firm will post earnings of $1.23 per share, with EPS estimates ranging from $0.54 to $2.24. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Antero Resources.
Antero Resources (NYSE:AR) last posted its earnings results on Wednesday, May 1st. The oil and natural gas company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.05). The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.24 billion. Antero Resources had a positive return on equity of 3.70% and a negative net margin of 9.58%. The company’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.44 earnings per share.
Several research analysts recently weighed in on AR shares. Cowen started coverage on shares of Antero Resources in a report on Tuesday, April 9th. They set a “market perform” rating and a $11.00 price target on the stock. Canaccord Genuity restated an “average” rating and set a $3.50 price target on shares of Antero Resources in a report on Wednesday. Stifel Nicolaus set a $17.00 price target on shares of Antero Resources and gave the stock a “buy” rating in a report on Friday, March 22nd. Goldman Sachs Group started coverage on shares of Antero Resources in a report on Friday, April 12th. They set a “buy” rating and a $10.50 price target on the stock. Finally, Capital One Financial cut shares of Antero Resources from an “equal weight” rating to an “underweight” rating in a report on Wednesday, March 20th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. Antero Resources currently has a consensus rating of “Hold” and an average target price of $15.50.
Antero Resources stock traded up $0.08 during midday trading on Wednesday, hitting $5.48. 11,174,830 shares of the stock were exchanged, compared to its average volume of 6,966,661. Antero Resources has a 52-week low of $5.20 and a 52-week high of $22.69. The company has a market capitalization of $1.66 billion, a PE ratio of 7.12, a price-to-earnings-growth ratio of 0.37 and a beta of 0.91. The stock’s 50-day simple moving average is $6.74. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.78.
In related news, insider Paul M. Rady bought 7,200 shares of the company’s stock in a transaction dated Friday, May 24th. The stock was purchased at an average cost of $6.90 per share, with a total value of $49,680.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James R. Levy sold 16,094,190 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now directly owns 116,214 shares of the company’s stock, valued at $717,040.38. The disclosure for this sale can be found here. Insiders bought a total of 48,050 shares of company stock valued at $330,062 in the last ninety days. 9.70% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the company. Quadrant Capital Group LLC lifted its position in shares of Antero Resources by 3,191.9% in the 1st quarter. Quadrant Capital Group LLC now owns 3,654 shares of the oil and natural gas company’s stock worth $31,000 after purchasing an additional 3,543 shares during the period. Commonwealth Bank of Australia lifted its position in shares of Antero Resources by 1,440.0% in the 1st quarter. Commonwealth Bank of Australia now owns 7,700 shares of the oil and natural gas company’s stock worth $66,000 after purchasing an additional 7,200 shares during the period. Comerica Bank purchased a new stake in shares of Antero Resources in the 1st quarter worth about $87,000. World Asset Management Inc bought a new position in shares of Antero Resources in the 1st quarter worth about $96,000. Finally, TD Asset Management Inc. bought a new position in shares of Antero Resources in the 4th quarter worth about $98,000. 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.
Further Reading: How does inflation affect different investments?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Antero Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Antero Resources and related companies with MarketBeat.com's FREE daily email newsletter.