Antero Resources Co. (NYSE:AR) Expected to Post Quarterly Sales of $1.80 Billion

Equities analysts expect Antero Resources Co. (NYSE:ARGet Rating) to report sales of $1.80 billion for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Antero Resources’ earnings. The highest sales estimate is $1.92 billion and the lowest is $1.61 billion. Antero Resources posted sales of $489.37 million in the same quarter last year, which suggests a positive year over year growth rate of 267.8%. The business is expected to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Antero Resources will report full-year sales of $6.89 billion for the current fiscal year, with estimates ranging from $6.19 billion to $7.61 billion. For the next 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 sell-side research firms that follow Antero Resources.

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

A number of equities analysts have commented on the stock. Wells Fargo & Company set a $38.00 target price on shares of Antero Resources in a report on Wednesday, April 13th. Raymond James boosted their price target on Antero Resources from $38.00 to $52.00 and gave the stock a “strong-buy” rating in a research note on Monday, April 25th. StockNews.com began coverage on Antero Resources in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Truist Financial boosted their price target on Antero Resources from $24.00 to $40.00 in a research note on Thursday, April 21st. Finally, Morgan Stanley boosted their price target on Antero Resources from $25.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Friday, April 22nd. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Antero Resources has a consensus rating of “Buy” and an average price target of $38.41.

In related news, insider Sheri Pearce sold 7,352 shares of the 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 directly owns 80,858 shares of the company’s stock, valued at approximately $2,800,112.54. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert J. Clark sold 10,000 shares of the 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,027,352 shares of company stock valued at $35,704,600. Corporate insiders own 9.73% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Morgan Stanley increased its stake in shares of 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 worth $40,710,000 after acquiring an additional 598,034 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new stake in shares of Antero Resources in the 3rd quarter worth $51,000. Arizona State Retirement System increased its stake in shares of Antero Resources by 4.3% in the 3rd quarter. Arizona State Retirement System now owns 76,853 shares of the oil and natural gas company’s stock worth $1,446,000 after acquiring an additional 3,169 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of Antero Resources in the 3rd quarter worth $902,000. Finally, Franklin Resources Inc. acquired a new stake in shares of Antero Resources in the 3rd quarter worth $536,000. 76.27% of the stock is owned by hedge funds and other institutional investors.

Shares of Antero Resources stock opened at $44.96 on Monday. The company has a market capitalization of $13.99 billion, a PE ratio of -34.58 and a beta of 3.71. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.28 and a current ratio of 0.28. The company has a 50-day simple moving average of $35.67 and a two-hundred day simple moving average of $25.82. Antero Resources has a one year low of $10.91 and a one year high of $46.68.

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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