Antero Resources (AR) Scheduled to Post Earnings on Wednesday

Antero Resources (NYSE:AR) will be issuing its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.01 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Antero Resources (NYSE:AR) last posted its earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.04. Antero Resources had a net margin of 5.19% and a return on equity of 2.10%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.17 billion. On average, analysts expect Antero Resources to post $0 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Antero Resources Stock Performance

NYSE AR opened at $29.12 on Wednesday. Antero Resources has a 1 year low of $19.91 and a 1 year high of $30.90. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market cap of $8.84 billion, a price-to-earnings ratio of 37.82 and a beta of 3.30. The company has a fifty day moving average price of $26.41 and a 200-day moving average price of $25.15.

Analyst Upgrades and Downgrades

AR has been the subject of several recent analyst reports. Morgan Stanley upped their target price on shares of Antero Resources from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Monday. Raymond James upped their target price on shares of Antero Resources from $28.00 to $32.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, January 24th. JPMorgan Chase & Co. upped their target price on shares of Antero Resources from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 27th. Benchmark lowered shares of Antero Resources from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Finally, Wells Fargo & Company boosted their price target on shares of Antero Resources from $26.00 to $29.00 and gave the stock an “overweight” rating in a report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $30.00.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 232,293 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $25.85, for a total transaction of $6,004,774.05. Following the sale, the director now directly owns 3,000,000 shares of the company’s stock, valued at $77,550,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director W Howard Keenan, Jr. sold 206,978 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $26.15, for a total value of $5,412,474.70. Following the sale, the director now directly owns 3,793,022 shares of the company’s stock, valued at $99,187,525.30. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director W Howard Keenan, Jr. sold 232,293 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $25.85, for a total transaction of $6,004,774.05. Following the completion of the sale, the director now directly owns 3,000,000 shares in the company, valued at $77,550,000. The disclosure for this sale can be found here. Insiders have sold a total of 467,280 shares of company stock valued at $12,153,605 over the last three months. 5.95% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Antero Resources

A number of institutional investors and hedge funds have recently modified their holdings of AR. Belpointe Asset Management LLC lifted its holdings in shares of Antero Resources by 195.2% in the first quarter. Belpointe Asset Management LLC now owns 1,553 shares of the oil and natural gas company’s stock worth $36,000 after buying an additional 1,027 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Antero Resources by 3,532.9% in the first quarter. US Bancorp DE now owns 2,543 shares of the oil and natural gas company’s stock worth $78,000 after buying an additional 2,473 shares in the last quarter. Resurgent Financial Advisors LLC purchased a new stake in shares of Antero Resources in the fourth quarter worth about $93,000. State of Wyoming purchased a new stake in shares of Antero Resources in the fourth quarter worth about $93,000. Finally, Altshuler Shaham Ltd purchased a new stake in shares of Antero Resources in the fourth quarter worth about $108,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

About Antero Resources

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 in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.