Q3 2024 EPS Estimates for Antero Resources Co. Cut by Zacks Research (NYSE:AR)

Antero Resources Co. (NYSE:AR) – Zacks Research dropped their Q3 2024 earnings estimates for shares of Antero Resources in a report released on Monday, May 6th. Zacks Research analyst N. Banerjee now anticipates that the oil and natural gas company will post earnings of $0.06 per share for the quarter, down from their previous estimate of $0.08. The consensus estimate for Antero Resources’ current full-year earnings is $0.33 per share. Zacks Research also issued estimates for Antero Resources’ Q1 2025 earnings at $0.62 EPS and Q4 2025 earnings at $0.84 EPS.

Antero Resources (NYSE:AR) last released its earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.17 billion. Antero Resources had a net margin of 1.50% and a return on equity of 0.18%.

A number of other research firms also recently issued reports on AR. Barclays initiated coverage on shares of Antero Resources in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $32.00 target price for the company. Benchmark cut shares of Antero Resources from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. StockNews.com upgraded Antero Resources to a “sell” rating in a report on Friday, April 26th. Tudor, Pickering, Holt & Co. upgraded shares of Antero Resources from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Wednesday, January 17th. Finally, JPMorgan Chase & Co. boosted their target price 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $32.08.

Antero Resources Stock Performance

Shares of NYSE:AR opened at $34.02 on Wednesday. The business has a 50-day moving average of $29.23 and a two-hundred day moving average of $25.79. The firm has a market capitalization of $10.57 billion, a PE ratio of 170.08 and a beta of 3.27. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. Antero Resources has a 12 month low of $19.91 and a 12 month high of $34.99.

Insider Buying and Selling at Antero Resources

In related news, insider Sheri Pearce sold 28,009 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total value of $736,356.61. Following the completion of the sale, the insider now directly owns 106,698 shares of the company’s stock, valued at $2,805,090.42. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Antero Resources news, Director Robert J. Clark sold 10,000 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $33.67, for a total transaction of $336,700.00. Following the sale, the director now directly owns 69,963 shares of the company’s stock, valued at $2,355,654.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sheri Pearce sold 28,009 shares of Antero Resources stock in a transaction dated 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 transaction, the insider now directly owns 106,698 shares of the company’s stock, valued at $2,805,090.42. The disclosure for this sale can be found here. Insiders have sold 477,280 shares of company stock worth $12,490,305 in the last ninety days. 5.95% of the stock is owned by insiders.

Hedge Funds Weigh In On Antero Resources

A number of large investors have recently bought and sold shares of AR. Oslo Asset Management AS boosted its stake in Antero Resources by 150.0% during the 4th quarter. Oslo Asset Management AS now owns 300,000 shares of the oil and natural gas company’s stock valued at $6,804,000 after purchasing an additional 180,000 shares during the period. Cerity Partners LLC acquired a new stake in Antero Resources in the 4th quarter valued at approximately $1,015,000. Assenagon Asset Management S.A. raised its stake in Antero Resources by 129.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,508,156 shares of the oil and natural gas company’s stock valued at $34,205,000 after acquiring an additional 850,940 shares in the last quarter. Kailix Advisors LLC raised its stake in Antero Resources by 28.4% during the 4th quarter. Kailix Advisors LLC now owns 1,914,213 shares of the oil and natural gas company’s stock valued at $43,414,000 after acquiring an additional 423,017 shares in the last quarter. Finally, Moors & Cabot Inc. boosted its position in Antero Resources by 11.6% during the 3rd quarter. Moors & Cabot Inc. now owns 14,685 shares of the oil and natural gas company’s stock worth $373,000 after acquiring an additional 1,525 shares during the period. Institutional investors own 83.04% 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.