Zacks Research Weighs in on Antero Resources Co.’s Q2 2024 Earnings (NYSE:AR)

Antero Resources Co. (NYSE:AR) – Equities researchers at Zacks Research reduced their Q2 2024 earnings estimates for shares of Antero Resources in a research report issued on Monday, May 6th. Zacks Research analyst N. Banerjee now expects that the oil and natural gas company will post earnings per share of ($0.16) for the quarter, down from their previous estimate of $0.04. The consensus estimate for Antero Resources’ current full-year earnings is $0.33 per share. Zacks Research also issued estimates for Antero Resources’ Q4 2024 earnings at $0.23 EPS, FY2024 earnings at $0.16 EPS, Q2 2025 earnings at $0.36 EPS, Q3 2025 earnings at $0.56 EPS, FY2025 earnings at $2.38 EPS, Q1 2026 earnings at $0.66 EPS and FY2026 earnings at $2.64 EPS.

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 for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. Antero Resources had a return on equity of 0.18% and a net margin of 1.50%.

Several other equities analysts also recently weighed in on AR. Truist Financial reduced their price target on Antero Resources from $28.00 to $27.00 and set a “hold” rating for the company in a report on Friday, April 5th. Wells Fargo & Company increased their price objective on shares of Antero Resources from $35.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Barclays started coverage on Antero Resources in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $32.00 price objective for the company. Scotiabank increased their target price on Antero Resources from $36.00 to $40.00 and gave the company a “sector perform” rating in a report on Tuesday, April 30th. Finally, Benchmark lowered shares of Antero Resources from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Antero Resources has an average rating of “Hold” and an average target price of $32.08.

Antero Resources Stock Up 1.1 %

NYSE:AR opened at $34.40 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market capitalization of $10.69 billion, a PE ratio of 172.00 and a beta of 3.27. The firm’s 50-day moving average price is $29.41 and its 200-day moving average price is $25.85. Antero Resources has a 1-year low of $19.91 and a 1-year high of $34.99.

Insiders Place Their Bets

In related news, Director Robert J. Clark sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $33.67, for a total value of $336,700.00. Following the transaction, the director now directly owns 69,963 shares of the company’s stock, valued at approximately $2,355,654.21. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Antero Resources news, Director W Howard Keenan, Jr. sold 300,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $34.23, for a total transaction of $10,269,000.00. Following the completion of the transaction, the director now owns 2,162,993 shares in the company, valued at approximately $74,039,250.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert J. Clark sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $33.67, for a total value of $336,700.00. Following the sale, the director now directly owns 69,963 shares in the company, valued at $2,355,654.21. The disclosure for this sale can be found here. In the last quarter, insiders sold 877,280 shares of company stock worth $26,212,305. Corporate insiders own 5.95% of the company’s stock.

Institutional Investors Weigh In On Antero Resources

Several large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its position in Antero Resources by 1,311.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock valued at $28,000 after purchasing an additional 892 shares during the period. Mather Group LLC. bought a new stake in Antero Resources in the first quarter worth $37,000. Lindbrook Capital LLC boosted its stake in Antero Resources by 81.5% during the fourth quarter. Lindbrook Capital LLC now owns 1,479 shares of the oil and natural gas company’s stock worth $34,000 after buying an additional 664 shares during the period. Itau Unibanco Holding S.A. bought a new position in Antero Resources during the third quarter valued at $47,000. Finally, Planned Solutions Inc. purchased a new stake in shares of Antero Resources in the fourth quarter valued at $45,000. 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.