Antero Resources Corp (AR) Expected to Post Quarterly Sales of $909.67 Million

Equities analysts expect that Antero Resources Corp (NYSE:AR) will post sales of $909.67 million for the current quarter, according to Zacks. Five analysts have issued estimates for Antero Resources’ earnings, with the highest sales estimate coming in at $959.10 million and the lowest estimate coming in at $863.60 million. Antero Resources posted sales of $1.20 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 24.2%. The firm is scheduled to announce its next quarterly earnings report on Monday, May 14th.

On average, analysts expect that Antero Resources will report full year sales of $909.67 million for the current year, with estimates ranging from $3.82 billion to $4.45 billion. For the next year, analysts anticipate that the business will post sales of $4.84 billion per share, with estimates ranging from $4.53 billion to $5.15 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Antero Resources.

AR has been the subject of a number of analyst reports. Barclays lowered shares of Antero Resources from an “overweight” rating to an “equal weight” rating and set a $21.00 target price for the company. in a report on Monday, November 20th. Zacks Investment Research upgraded shares of Antero Resources from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a report on Wednesday, January 3rd. BMO Capital Markets set a $24.00 target price on shares of Antero Resources and gave the stock a “buy” rating in a report on Tuesday, October 24th. Cowen set a $22.00 target price on shares of Antero Resources and gave the stock a “hold” rating in a report on Thursday, January 18th. Finally, SunTrust Banks reiterated a “hold” rating and set a $22.00 target price on shares of Antero Resources in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $25.11.

Several hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in shares of Antero Resources by 5.1% during the second quarter. Royal Bank of Canada now owns 11,731 shares of the oil and natural gas company’s stock valued at $254,000 after purchasing an additional 566 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Antero Resources by 8.1% during the second quarter. The Manufacturers Life Insurance Company now owns 11,442 shares of the oil and natural gas company’s stock valued at $247,000 after purchasing an additional 855 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its holdings in shares of Antero Resources by 3.1% during the second quarter. Dynamic Technology Lab Private Ltd now owns 46,145 shares of the oil and natural gas company’s stock valued at $997,000 after purchasing an additional 1,368 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of 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 purchasing an additional 1,891 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Antero Resources by 0.4% during the fourth quarter. Swiss National Bank now owns 814,700 shares of the oil and natural gas company’s stock valued at $15,479,000 after purchasing an additional 3,100 shares during the last quarter. Hedge funds and other institutional investors own 97.97% of the company’s stock.

Antero Resources (NYSE AR) traded up $0.41 during trading on Monday, hitting $18.93. 4,157,403 shares of the stock were exchanged, compared to its average volume of 3,970,000. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $5,970.00, a price-to-earnings ratio of 5.75, a P/E/G ratio of 3.21 and a beta of 0.93. Antero Resources has a one year low of $16.31 and a one year high of $25.50.

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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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