Analysts Expect Antero Resources Co. (NYSE:AR) Will Post Quarterly Sales of $1.80 Billion

Wall Street analysts predict that Antero Resources Co. (NYSE:AR – Get Rating) will report sales of $1.80 billion for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Antero Resources’ earnings, with the highest sales estimate coming in at $1.92 billion and the lowest estimate coming in at $1.61 billion. Antero Resources reported sales of $489.37 million in the same quarter last year, which indicates a positive year-over-year growth rate of 267.8%. The business is scheduled to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Antero Resources will report full year sales of $6.89 billion for the current year, with estimates ranging from $6.19 billion to $7.61 billion. For the next fiscal year, analysts expect that the firm will post sales of $7.10 billion, with estimates ranging from $6.35 billion to $7.87 billion. Zacks’ sales averages are an average based on a survey of research firms that that provide coverage for Antero Resources.

Antero Resources (NYSE:AR – Get Rating) last announced its quarterly earnings data on Wednesday, April 27th. The oil and natural gas company reported $1.15 earnings per share 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 previous year, the business posted $0.61 EPS.

Several equities analysts recently issued reports on AR shares. The Goldman Sachs Group upgraded Antero Resources from a “neutral” rating to a “buy” rating and raised their price target for the stock from $21.00 to $24.00 in a research report on Friday, January 21st. Raymond James raised their price target on Antero Resources from $38.00 to $52.00 and gave the stock a “strong-buy” rating in a research report on Monday, April 25th. Morgan Stanley lifted their price objective on Antero Resources from $25.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Friday, April 22nd. Benchmark lifted their price objective on Antero Resources from $37.00 to $50.00 in a research report on Monday, April 11th. Finally, StockNews.com initiated coverage on Antero Resources in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $34.81.

In other news, insider Sheri Pearce sold 7,352 shares of the business’s stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $34.63, for a total value of $254,599.76. Following the completion of the transaction, the insider now owns 80,858 shares in the company, valued at $2,800,112.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert J. Clark sold 10,000 shares of Antero Resources 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 disclosure for this sale can be found here. Insiders have sold 37,352 shares of company stock valued at $1,154,600 in the last quarter. 9.73% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Arizona State Retirement System grew 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 purchasing an additional 346 shares during the period. Versor Investments LP grew 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 purchasing an additional 600 shares during the period. Quent Capital LLC grew 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 purchasing an additional 633 shares during the period. NEXT Financial Group Inc grew 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 purchasing an additional 684 shares during the period. Finally, Carolina Wealth Advisors LLC grew 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 purchasing an additional 1,008 shares during the period. 76.27% of the stock is owned by institutional investors.

Shares of NYSE AR opened at $32.28 on Monday. The stock’s 50-day moving average is $31.55 and its 200 day moving average is $23.65. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.28 and a quick ratio of 0.28. Antero Resources has a 1-year low of $10.91 and a 1-year high of $39.24.

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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