Q3 2024 Earnings Estimate for Antero Resources Co. Issued By Capital One Financial (NYSE:AR)

Antero Resources Co. (NYSE:AR) – Investment analysts at Capital One Financial cut their Q3 2024 earnings estimates for Antero Resources in a research report issued on Saturday, April 20th. Capital One Financial analyst B. Velie now expects that the oil and natural gas company will post earnings per share of $0.17 for the quarter, down from their previous forecast of $0.19. The consensus estimate for Antero Resources’ current full-year earnings is $0.26 per share. Capital One Financial also issued estimates for Antero Resources’ Q4 2024 earnings at $0.23 EPS.

AR has been the topic of several other research reports. Wells Fargo & Company lifted their target price on shares of Antero Resources from $26.00 to $29.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. Scotiabank boosted their price target on shares of Antero Resources from $26.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. boosted their price target on shares of Antero Resources from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 27th. Barclays started coverage on shares of Antero Resources in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $32.00 price target on the stock. Finally, Mizuho boosted their price target on shares of Antero Resources from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Antero Resources has a consensus rating of “Hold” and a consensus target price of $30.69.

Antero Resources Stock Up 2.1 %

Shares of NYSE AR opened at $31.01 on Tuesday. The company’s 50-day simple moving average is $27.25 and its 200-day simple moving average is $25.34. Antero Resources has a 52-week low of $19.91 and a 52-week high of $31.41. The firm has a market cap of $9.41 billion, a price-to-earnings ratio of 40.27 and a beta of 3.30. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR) last announced its earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.17 billion.

Institutional Investors Weigh In On Antero Resources

A number of institutional investors and hedge funds have recently made changes to their positions in AR. Quadrant Capital Group LLC increased its stake in Antero Resources by 28.0% during the 4th quarter. Quadrant Capital Group LLC now owns 2,752 shares of the oil and natural gas company’s stock worth $62,000 after buying an additional 602 shares during the period. Lindbrook Capital LLC boosted its holdings in shares of Antero Resources by 81.5% in the 4th quarter. Lindbrook Capital LLC now owns 1,479 shares of the oil and natural gas company’s stock valued at $34,000 after buying an additional 664 shares in the last quarter. CWM LLC boosted its holdings in shares of Antero Resources by 33.9% in the 3rd quarter. CWM LLC now owns 2,990 shares of the oil and natural gas company’s stock valued at $76,000 after buying an additional 757 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Antero Resources by 17.0% in the 3rd quarter. Fifth Third Bancorp now owns 5,362 shares of the oil and natural gas company’s stock valued at $136,000 after buying an additional 781 shares in the last quarter. Finally, Fund 1 Investments LLC boosted its holdings in shares of Antero Resources by 2.0% in the 4th quarter. Fund 1 Investments LLC now owns 40,800 shares of the oil and natural gas company’s stock valued at $925,000 after buying an additional 800 shares in the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Antero Resources news, Director W Howard Keenan, Jr. sold 232,293 shares of Antero Resources 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 transaction, the director now directly owns 3,000,000 shares of the company’s stock, valued at $77,550,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director W Howard Keenan, Jr. sold 232,293 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $25.85, for a total value of $6,004,774.05. Following the sale, the director now directly owns 3,000,000 shares of the company’s stock, valued at approximately $77,550,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sheri Pearce sold 28,009 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $26.29, for a total transaction of $736,356.61. Following the completion of the sale, the insider now directly owns 106,698 shares in the company, valued at $2,805,090.42. The disclosure for this sale can be found here. Insiders have sold 467,280 shares of company stock valued at $12,153,605 over the last ninety days. Company insiders own 5.95% of the company’s stock.

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.