Q4 EPS Estimate for Antero Resources Reduced by Analyst

Antero Resources Co. (NYSE:AR) – Analysts at Zacks Research lowered their Q4 2024 earnings per share (EPS) estimates for shares of Antero Resources in a research report issued to clients and investors on Tuesday, December 10th. Zacks Research analyst R. Department now anticipates that the oil and natural gas company will post earnings of $0.11 per share for the quarter, down from their prior forecast of $0.14. The consensus estimate for Antero Resources’ current full-year earnings is ($0.19) per share.

A number of other brokerages have also weighed in on AR. Scotiabank upgraded shares of Antero Resources from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $40.00 to $44.00 in a report on Tuesday, August 20th. Barclays lowered their price target on Antero Resources from $32.00 to $30.00 and set an “equal weight” rating for the company in a report on Thursday, October 3rd. JPMorgan Chase & Co. reduced their price objective on Antero Resources from $37.00 to $30.00 and set an “overweight” rating on the stock in a report on Thursday, September 12th. Wells Fargo & Company lowered their target price on Antero Resources from $25.00 to $24.00 and set an “underweight” rating for the company in a report on Friday, October 18th. Finally, UBS Group raised their price target on Antero Resources from $31.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $34.06.

Antero Resources Trading Up 0.5 %

Shares of AR stock opened at $33.05 on Thursday. The company has a market cap of $10.28 billion, a PE ratio of 236.07 and a beta of 3.42. Antero Resources has a 1 year low of $20.34 and a 1 year high of $36.28. The stock’s 50 day simple moving average is $29.84 and its two-hundred day simple moving average is $29.86. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. UMB Bank n.a. grew its holdings in shares of Antero Resources by 357.3% in the third quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock valued at $25,000 after purchasing an additional 686 shares during the period. True Wealth Design LLC acquired a new position in Antero Resources in the 3rd quarter valued at about $30,000. Capital Performance Advisors LLP purchased a new stake in shares of Antero Resources in the 3rd quarter valued at approximately $45,000. Mattson Financial Services LLC acquired a new stake in shares of Antero Resources during the 2nd quarter worth approximately $64,000. Finally, Signaturefd LLC increased its holdings in shares of Antero Resources by 19.9% during the 3rd quarter. Signaturefd LLC now owns 4,222 shares of the oil and natural gas company’s stock worth $121,000 after buying an additional 702 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

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.