Resources

Antero Resources Co. (NYSE:AR) is expected to report earnings of $1.00 per share

Wall Street brokers expect Antero Resources Co. (NYSE:AR) to report earnings per share of $1.00 for the current quarter, Zacks reports. Three analysts have made earnings estimates for Antero Resources, with the lowest EPS estimate of $0.95 and the highest estimate of $1.06. Antero Resources reported earnings of $0.62 per share in the same quarter last year, indicating a positive year-over-year growth rate of 61.3%. The company is expected to announce its next quarterly earnings report on Wednesday, April 27.

On average, analysts expect Antero Resources to report annual earnings of $3.57 per share for the current year, with EPS estimates ranging from $3.20 to $4.43. For the next fiscal year, analysts expect the company to report earnings of $3.92 per share, with EPS estimates ranging from $3.09 to $4.75. Zacks EPS averages are an average based on a survey of sell-side research analysts who follow Antero Resources.

Antero Resources Inc (NYSE:AR) last released its results on Tuesday, February 15. The oil and gas company reported earnings per share of $0.46 for the quarter, missing the consensus estimate of $0.64 per ($0.18). The company posted revenue of $2.39 billion for the quarter, versus $1.39 billion expected by analysts. Antero Resources posted a negative net margin of 4.04% and a positive return on equity of 7.56%. The company’s revenue increased by 82.9% compared to the same quarter last year. In the same quarter of the previous year, the company had earned earnings per share of ($0.05).

(A d)

This guide will help you identify and execute an options trading strategy that fits your specific needs and risk profile.

Take your trading to the next level with the Options Strategy Guide.

A number of research companies have commented on AR. Goldman Sachs Group has upgraded Antero Resources from a ‘neutral’ rating to a ‘buy’ rating and raised its price target for the company from $21.00 to $24.00 in a Friday, January 21 research report . Zacks Investment Research downgraded Antero Resources from a “hold” rating to a “strong sell” rating and set a price target of $16.00 for the company. in a research report on Monday, January 10. Raymond James raised his price target on Antero Resources from $32.00 to $38.00 and gave the company a “Strong Buy” rating in a research report on Friday. Benchmark began covering Antero Resources in a research report on Tuesday, October 26. They set a “buy” rating and a price target of $32.00 for the company. Finally, Mizuho reduced its target price on Antero Resources from $32.00 to $28.00 in a Monday, January 3 research report. One financial analyst has assigned the stock a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has assigned the company a strong buy rating. According to MarketBeat, Antero Resources has an average rating of “Buy” and a consensus target price of $23.81.

AR shares opened at $21.68 on Friday. The stock has a market capitalization of $6.81 billion, a PE ratio of -25.51 and a beta of 4.15. Antero Resources has a 1-year low of $8.03 and a 1-year high of $22.36. The company has a 50-day moving average of $18.91 and a 200-day moving average of $17.85. The company has a debt ratio of 0.46, a current ratio of 0.25 and a quick ratio of 0.25.

In other Antero Resources news, Director W Howard Keenan, Jr. sold 179,027 shares of the company in a trade that took place on Monday, November 22. The stock was sold at an average price of $18.46, for a total transaction of $3,304,838.42. The sale was disclosed in a filing with the Securities & Exchange Commission, available on the SEC’s website. Insiders of the company hold 9.73% of the shares of the company.

Large investors have recently changed their stock holdings. Koshinski Asset Management Inc. acquired a new position in shares of Antero Resources in Q3 worth $35,000. Ten Capital Wealth Advisors LLC acquired a new position in shares of Antero Resources during the 4th quarter for a value of approximately $35,000. Rockefeller Capital Management LP acquired a new position in shares of Antero Resources during Q3 worth approximately $51,000. Harbor Investments Inc. increased its holdings in Antero Resources by 1,064.9% in the fourth quarter. Harbor Investments Inc. now owns 4,345 shares of the oil and gas company valued at $76,000 after acquiring 3,972 additional shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in Antero Resources by 1,426.0% in the third quarter. O Shaughnessy Asset Management LLC now owns 4,990 shares of the oil and gas company valued at $94,000 after acquiring 4,663 additional shares in the last quarter. 77.17% of the shares are held by institutional investors.

About Antero Resources

Antero Resources Corp. is an independent oil and gas company. It is engaged in the exploration, development and production of natural gas, NGLs and oil. The Company is focused on marketing and utilizing excess firm transmission capacity and investing under the equity method in Antero Midstream Corporation.

See also

Get a free copy of Zacks’ research report on Antero Resources (AR)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Antero Resources right now?

Before you consider Antero Resources, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Antero Resources was not on the list.

Although Antero Resources currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here