Zacks Research Weighs in on Antero Resources Co.’s Q4 2023 Earnings (NYSE:AR)

Antero Resources Co. (NYSE:AR) – Equities research analysts at Zacks Research boosted their Q4 2023 earnings estimates for Antero Resources in a note issued to investors on Wednesday, November 8th. Zacks Research analyst N. Banerjee now anticipates that the oil and natural gas company will post earnings of $0.33 per share for the quarter, up from their prior forecast of $0.31. The consensus estimate for Antero Resources’ current full-year earnings is $0.54 per share. Zacks Research also issued estimates for Antero Resources’ Q1 2024 earnings at $0.69 EPS and Q1 2025 earnings at $0.86 EPS.

A number of other research firms have also recently weighed in on AR. StockNews.com raised shares of Antero Resources to a “sell” rating in a report on Wednesday, October 25th. Mizuho cut their target price on shares of Antero Resources from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Monday, September 18th. Benchmark cut their target price on shares of Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, October 26th. Morgan Stanley lifted their price objective on shares of Antero Resources from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Monday, October 2nd. Finally, TheStreet lowered shares of Antero Resources from a “b-” rating to a “c+” rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $32.58.

Antero Resources Stock Down 1.7 %

AR stock opened at $25.74 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.23. Antero Resources has a twelve month low of $19.91 and a twelve month high of $38.70. The company’s 50 day moving average is $26.92 and its two-hundred day moving average is $24.80. The stock has a market cap of $7.73 billion, a P/E ratio of 9.26 and a beta of 3.48.

Insider Buying and Selling

In related news, insider Sheri Pearce sold 3,460 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $29.92, for a total value of $103,523.20. Following the sale, the insider now directly owns 105,596 shares in the company, valued at approximately $3,159,432.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 5.95% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. increased its stake in shares of Antero Resources by 165.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 44,473 shares of the oil and natural gas company’s stock valued at $1,358,000 after acquiring an additional 27,738 shares during the last quarter. US Bancorp DE increased its stake in shares of Antero Resources by 3,532.9% during the 1st quarter. US Bancorp DE now owns 2,543 shares of the oil and natural gas company’s stock valued at $78,000 after acquiring an additional 2,473 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of Antero Resources during the 1st quarter valued at about $220,000. Great West Life Assurance Co. Can increased its stake in shares of Antero Resources by 20.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 25,046 shares of the oil and natural gas company’s stock valued at $813,000 after acquiring an additional 4,311 shares during the last quarter. Finally, Moors & Cabot Inc. acquired a new position in shares of Antero Resources during the 1st quarter valued at about $230,000. Institutional investors and hedge funds own 80.20% of the company’s stock.

Antero Resources Company Profile

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.