Antero Resources Co. to Post FY2023 Earnings of $0.34 Per Share, Zacks Research Forecasts (NYSE:AR)

Antero Resources Co. (NYSE:ARFree Report) – Investment analysts at Zacks Research raised their FY2023 EPS estimates for Antero Resources in a research note issued on Thursday, September 7th. Zacks Research analyst N. Banerjee now forecasts that the oil and natural gas company will earn $0.34 per share for the year, up from their previous forecast of $0.32. The consensus estimate for Antero Resources’ current full-year earnings is $0.37 per share. Zacks Research also issued estimates for Antero Resources’ Q4 2023 earnings at $0.28 EPS, Q1 2024 earnings at $0.72 EPS, Q3 2024 earnings at $0.80 EPS and Q4 2024 earnings at $0.75 EPS.

Antero Resources (NYSE:ARGet Free Report) last issued its quarterly earnings data on Thursday, July 27th. The oil and natural gas company reported ($0.28) earnings per share for the quarter, topping the consensus estimate of ($0.29) by $0.01. The firm had revenue of $953.31 million for the quarter, compared to analysts’ expectations of $935.87 million. Antero Resources had a net margin of 21.81% and a return on equity of 13.17%. The company’s quarterly revenue was down 56.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.69 earnings per share.

Several other analysts have also recently commented on the stock. The Goldman Sachs Group increased their price target on shares of Antero Resources from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, August 23rd. TheStreet lowered shares of Antero Resources from a “b-” rating to a “c+” rating in a report on Friday, July 28th. Siebert Williams Shank began coverage on shares of Antero Resources in a report on Friday, June 30th. They set a “hold” rating and a $27.00 price objective on the stock. JPMorgan Chase & Co. downgraded shares of Antero Resources from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $36.00 to $30.00 in a research report on Tuesday, June 27th. Finally, Morgan Stanley decreased their price objective on shares of Antero Resources from $24.00 to $23.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Antero Resources presently has an average rating of “Hold” and a consensus target price of $33.50.

Read Our Latest Report on AR

Antero Resources Price Performance

Shares of Antero Resources stock opened at $26.80 on Friday. Antero Resources has a 1-year low of $19.91 and a 1-year high of $42.39. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.21. The firm’s 50-day moving average price is $25.87 and its two-hundred day moving average price is $23.83. The stock has a market capitalization of $8.05 billion, a price-to-earnings ratio of 6.03 and a beta of 3.49.

Institutional Trading of Antero Resources

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Belpointe Asset Management LLC lifted its stake in Antero Resources by 195.2% in the 1st quarter. Belpointe Asset Management LLC now owns 1,553 shares of the oil and natural gas company’s stock valued at $36,000 after purchasing an additional 1,027 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in Antero Resources by 2,883.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,611 shares of the oil and natural gas company’s stock worth $50,000 after buying an additional 1,557 shares during the last quarter. Tucker Asset Management LLC purchased a new stake in Antero Resources during the first quarter worth about $40,000. FNY Investment Advisers LLC purchased a new position in shares of Antero Resources in the first quarter worth about $46,000. Finally, CWM LLC increased its stake in shares of Antero Resources by 369.1% in the second quarter. CWM LLC now owns 2,233 shares of the oil and natural gas company’s stock worth $51,000 after purchasing an additional 1,757 shares in the last quarter. Institutional investors own 80.20% of the company’s stock.

Antero Resources Company Profile

(Get Free Report)

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates through three segments: Exploration, Development and Production of Natural Gas, NGLs and Oil; Marketing and Utilization of Excess Firm Transportation Capacity; and Midstream Services Through Our Equity Method Investment in Antero Midstream.

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Earnings History and Estimates for Antero Resources (NYSE:AR)

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