Zacks: Brokerages Anticipate Antero Resources Co. (NYSE:AR) to Announce $1.58 EPS

Analysts expect Antero Resources Co. (NYSE:ARGet Rating) to announce earnings of $1.58 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Antero Resources’ earnings, with estimates ranging from $1.12 to $1.87. Antero Resources reported earnings per share of $0.14 in the same quarter last year, which suggests a positive year-over-year growth rate of 1,028.6%. The firm is scheduled to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Antero Resources will report full year earnings of $6.27 per share for the current fiscal year, with EPS estimates ranging from $4.80 to $7.39. For the next financial year, analysts expect that the firm will report earnings of $6.81 per share, with EPS estimates ranging from $5.33 to $8.86. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Antero Resources.

Antero Resources (NYSE:ARGet Rating) last announced its quarterly earnings data on Wednesday, April 27th. The oil and natural gas company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.14. Antero Resources had a positive return on equity of 10.73% and a negative net margin of 7.80%. During the same quarter in the prior year, the firm posted $0.61 earnings per share.

AR has been the subject of a number of recent research reports. Wells Fargo & Company set a $38.00 price objective on Antero Resources in a research report on Wednesday, April 13th. Benchmark boosted their target price on shares of Antero Resources from $37.00 to $50.00 in a research note on Monday, April 11th. Morgan Stanley boosted their target price on shares of Antero Resources from $25.00 to $39.00 and gave the company an “equal weight” rating in a research note on Friday, April 22nd. The Goldman Sachs Group raised shares of Antero Resources from a “neutral” rating to a “buy” rating and boosted their target price for the company from $21.00 to $24.00 in a research note on Friday, January 21st. Finally, Zacks Investment Research raised shares of Antero Resources from a “hold” rating to a “strong-buy” rating and set a $36.00 target price on the stock in a research note on Friday, April 8th. Three 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 stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $34.81.

In related news, Director Robert J. Clark sold 10,000 shares of the company’s stock in a transaction on Friday, March 25th. The shares were sold at an average price of $30.00, for a total value of $300,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Sheri Pearce sold 7,352 shares of the company’s stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $34.63, for a total transaction of $254,599.76. Following the completion of the sale, the insider now owns 80,858 shares of the company’s stock, valued at $2,800,112.54. The disclosure for this sale can be found here. Insiders sold 37,352 shares of company stock worth $1,154,600 over the last ninety days. 9.73% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the stock. Arizona State Retirement System boosted its holdings in Antero Resources by 0.5% during the first quarter. Arizona State Retirement System now owns 76,374 shares of the oil and natural gas company’s stock valued at $2,332,000 after acquiring an additional 346 shares during the period. Versor Investments LP boosted its holdings in Antero Resources by 5.9% during the fourth quarter. Versor Investments LP now owns 10,700 shares of the oil and natural gas company’s stock valued at $187,000 after acquiring an additional 600 shares during the period. Quent Capital LLC boosted its holdings in Antero Resources by 55.5% during the first quarter. Quent Capital LLC now owns 1,774 shares of the oil and natural gas company’s stock valued at $54,000 after acquiring an additional 633 shares during the period. NEXT Financial Group Inc boosted its holdings in Antero Resources by 6.8% during the fourth quarter. NEXT Financial Group Inc now owns 10,684 shares of the oil and natural gas company’s stock valued at $187,000 after acquiring an additional 684 shares during the period. Finally, Carolina Wealth Advisors LLC boosted its holdings in Antero Resources by 6.8% during the first quarter. Carolina Wealth Advisors LLC now owns 15,902 shares of the oil and natural gas company’s stock valued at $485,000 after acquiring an additional 1,008 shares during the period. Hedge funds and other institutional investors own 76.27% of the company’s stock.

Shares of NYSE:AR opened at $32.28 on Friday. Antero Resources has a one year low of $10.91 and a one year high of $39.24. The stock has a fifty day moving average of $31.55 and a 200-day moving average of $23.62. The company has a market capitalization of $10.04 billion, a PE ratio of -24.83 and a beta of 3.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.28 and a current ratio of 0.28.

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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