Capital One Financial Equities Analysts Boost Earnings Estimates for Antero Resources Co. (NYSE:AR)

Antero Resources Co. (NYSE:ARGet Rating) – Stock analysts at Capital One Financial boosted their Q1 2022 earnings estimates for Antero Resources in a research report issued on Wednesday, April 13th. Capital One Financial analyst B. Velie now forecasts that the oil and natural gas company will post earnings of $1.08 per share for the quarter, up from their prior forecast of $1.07.

Antero Resources (NYSE:ARGet Rating) last posted its earnings results on Wednesday, February 16th. The oil and natural gas company reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.17). Antero Resources had a positive return on equity of 7.44% and a negative net margin of 4.04%. The firm had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the company earned ($0.05) EPS. The business’s revenue was up 82.9% compared to the same quarter last year.

Several other research firms have also issued reports on AR. StockNews.com assumed coverage on shares of Antero Resources in a research note on Thursday, March 31st. They issued a “hold” rating for the company. The Goldman Sachs Group raised shares of Antero Resources from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $21.00 to $24.00 in a report on Friday, January 21st. Zacks Investment Research raised shares of Antero Resources from a “hold” rating to a “strong-buy” rating and set a $36.00 price target on the stock in a report on Friday, April 8th. Wells Fargo & Company set a $38.00 price target on shares of Antero Resources in a report on Wednesday. Finally, Mizuho boosted their price target on shares of Antero Resources from $28.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, April 8th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $30.90.

NYSE AR opened at $35.28 on Friday. Antero Resources has a 1 year low of $8.81 and a 1 year high of $35.86. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average price of $26.14 and a 200-day moving average price of $21.45.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ritholtz Wealth Management bought a new stake in shares of Antero Resources during the first quarter valued at about $366,000. Foundry Partners LLC bought a new position in shares of Antero Resources in the first quarter worth approximately $553,000. Deltec Asset Management LLC bought a new position in shares of Antero Resources in the first quarter worth approximately $6,808,000. BlackRock Inc. increased its position in shares of Antero Resources by 0.4% in the fourth quarter. BlackRock Inc. now owns 22,925,205 shares of the oil and natural gas company’s stock worth $401,189,000 after purchasing an additional 94,788 shares during the last quarter. Finally, Pinnacle Wealth Management LLC bought a new position in shares of Antero Resources in the fourth quarter worth approximately $1,706,000. Hedge funds and other institutional investors own 77.17% of the company’s stock.

In other news, Director Robert J. Clark sold 10,000 shares of the company’s stock in a transaction dated Friday, March 25th. The stock was sold at an average price of $30.00, for a total transaction of $300,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 9.73% of the stock is owned by corporate insiders.

Antero Resources Company Profile (Get Rating)

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, 2021, it had approximately 502,000 net acres in the Appalachian Basin; and 174,000 net acres in the Upper Devonian Shale.

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