$1.05 EPS Expected for Antero Resources Co. (NYSE:AR) This Quarter

Equities research analysts expect that Antero Resources Co. (NYSE:ARGet Rating) will report $1.05 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Antero Resources’ earnings, with the highest EPS estimate coming in at $1.10 and the lowest estimate coming in at $0.99. Antero Resources reported earnings of $0.62 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 69.4%. The firm is expected to announce its next earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Antero Resources will report full year earnings of $4.89 per share for the current fiscal year, with EPS estimates ranging from $4.47 to $5.35. For the next year, analysts anticipate that the firm will post earnings of $5.23 per share, with EPS estimates ranging from $4.90 to $5.82. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Antero Resources.

Antero Resources (NYSE:ARGet Rating) last posted its quarterly earnings results on Wednesday, February 16th. The oil and natural gas company reported $0.45 earnings per share for the quarter, missing the Zacks’ 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 for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the business earned ($0.05) earnings per share. The firm’s revenue for the quarter was up 82.9% on a year-over-year basis.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Antero Resources from a “hold” rating to a “strong-buy” rating and set a $36.00 price target for the company in a research note on Friday, April 8th. Benchmark raised their price objective on Antero Resources from $37.00 to $50.00 in a research note on Monday, April 11th. The Goldman Sachs Group raised Antero Resources from a “neutral” rating to a “buy” rating and raised their price objective for the company from $21.00 to $24.00 in a research note on Friday, January 21st. Morgan Stanley raised their price objective on Antero Resources from $25.00 to $39.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, BMO Capital Markets raised Antero Resources from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $27.00 to $28.00 in a research note on Monday, January 10th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $33.65.

In related news, Director Robert J. Clark sold 10,000 shares of the business’s stock in a transaction on Friday, March 25th. The stock was sold at an average price of $30.00, for a total value of $300,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have sold a total of 30,000 shares of company stock worth $900,000 in the last three months. 9.73% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in AR. Morgan Stanley boosted its stake in Antero Resources by 28.3% in the 2nd quarter. Morgan Stanley now owns 2,708,609 shares of the oil and natural gas company’s stock valued at $40,710,000 after buying an additional 598,034 shares in the last quarter. Strs Ohio boosted its stake in Antero Resources by 12.3% in the 3rd quarter. Strs Ohio now owns 23,800 shares of the oil and natural gas company’s stock valued at $447,000 after buying an additional 2,600 shares in the last quarter. SG Americas Securities LLC raised its position in Antero Resources by 36.7% in the 3rd quarter. SG Americas Securities LLC now owns 115,076 shares of the oil and natural gas company’s stock valued at $2,165,000 after purchasing an additional 30,910 shares during the last quarter. Victory Capital Management Inc. raised its position in Antero Resources by 0.9% in the 3rd quarter. Victory Capital Management Inc. now owns 2,086,308 shares of the oil and natural gas company’s stock valued at $39,243,000 after purchasing an additional 19,135 shares during the last quarter. Finally, Dupont Capital Management Corp raised its position in Antero Resources by 41.3% in the 3rd quarter. Dupont Capital Management Corp now owns 42,600 shares of the oil and natural gas company’s stock valued at $801,000 after purchasing an additional 12,461 shares during the last quarter. 77.17% of the stock is currently owned by institutional investors and hedge funds.

Shares of AR traded down $1.45 during midday trading on Friday, reaching $32.86. 6,657,743 shares of the stock were exchanged, compared to its average volume of 8,434,032. Antero Resources has a 12-month low of $8.81 and a 12-month high of $37.34. The firm has a 50 day simple moving average of $27.96 and a 200-day simple moving average of $22.11. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.35. The company has a market cap of $10.32 billion, a price-to-earnings ratio of -38.66 and a beta of 4.11.

About Antero Resources (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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