Equities Analysts Set Expectations for Antero Resources Corp’s FY2017 Earnings (AR)

Antero Resources Corp (NYSE:AR) – Capital One Financial dropped their FY2017 earnings per share (EPS) estimates for Antero Resources in a note issued to investors on Tuesday. Capital One Financial analyst B. Velie now forecasts that the oil and natural gas company will post earnings of ($0.05) per share for the year, down from their prior forecast of ($0.03).

Antero Resources (NYSE:AR) last posted its quarterly earnings results on Wednesday, November 1st. The oil and natural gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). Antero Resources had a positive return on equity of 0.78% and a negative net margin of 12.82%. The company had revenue of $775.30 million for the quarter, compared to the consensus estimate of $798.88 million. During the same quarter in the previous year, the business earned $0.18 earnings per share.

Several other equities research analysts have also recently weighed in on the company. Royal Bank of Canada reiterated a “hold” rating on shares of Antero Resources in a report on Monday, October 23rd. ValuEngine cut Antero Resources from a “hold” rating to a “sell” rating in a report on Friday. Robert W. Baird dropped their price objective on Antero Resources from $39.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, December 18th. Credit Suisse Group began coverage on Antero Resources in a report on Monday, December 11th. They issued a “neutral” rating and a $21.00 price objective for the company. Finally, Jefferies Group set a $23.00 price objective on Antero Resources and gave the stock a “hold” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the stock. Antero Resources has an average rating of “Hold” and an average price target of $25.28.

Antero Resources (AR) opened at $18.68 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54. Antero Resources has a 1 year low of $17.59 and a 1 year high of $26.60. The stock has a market capitalization of $5,940.00, a P/E ratio of -16.39, a P/E/G ratio of 3.29 and a beta of 0.93.

Large investors have recently made changes to their positions in the business. Toronto Dominion Bank raised its stake in Antero Resources by 244.3% during the third quarter. Toronto Dominion Bank now owns 9,326 shares of the oil and natural gas company’s stock valued at $186,000 after buying an additional 6,617 shares during the last quarter. SG Americas Securities LLC purchased a new position in Antero Resources during the fourth quarter valued at $191,000. Linscomb & Williams Inc. purchased a new position in Antero Resources during the second quarter valued at $220,000. PNC Financial Services Group Inc. raised its stake in Antero Resources by 22.3% during the second quarter. PNC Financial Services Group Inc. now owns 10,353 shares of the oil and natural gas company’s stock valued at $223,000 after buying an additional 1,891 shares during the last quarter. Finally, Balasa Dinverno & Foltz LLC purchased a new position in Antero Resources during the third quarter valued at $211,000. Institutional investors and hedge funds own 97.00% of the company’s stock.

In other news, insider K. Phil Yoo sold 10,865 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $19.25, for a total value of $209,151.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kevin J. Kilstrom sold 82,760 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $19.99, for a total value of $1,654,372.40. The disclosure for this sale can be found here. Company insiders own 9.20% of the company’s stock.

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Antero Resources Company Profile

Antero Resources Corporation is an oil and natural gas company. The Company is engaged in the exploration, development and acquisition of natural gas, natural gas liquids (NGLs) and oil properties located in the Appalachian Basin. The Company’s segments include the exploration, development and production of natural gas, NGLs and oil; gathering and processing; water handling and treatment, and marketing of excess firm transportation capacity.

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