Antero Resources (AR) Expected to Announce Earnings of $0.38 Per Share

Equities research analysts expect that Antero Resources (NYSE:AR) will post earnings of $0.38 per share for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Antero Resources’ earnings. The highest EPS estimate is $0.59 and the lowest is $0.16. Antero Resources posted earnings per share of $0.18 in the same quarter last year, which suggests a positive year-over-year growth rate of 111.1%. The business is expected to announce its next earnings report after the market closes on Wednesday, April 25th.

According to Zacks, analysts expect that Antero Resources will report full-year earnings of $1.33 per share for the current year, with EPS estimates ranging from $0.66 to $2.39. For the next year, analysts anticipate that the business will post earnings of $1.52 per share, with EPS estimates ranging from $0.58 to $2.88. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Antero Resources.

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Antero Resources (NYSE:AR) last released its earnings results on Tuesday, February 13th. The oil and natural gas company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.11. Antero Resources had a return on equity of 0.83% and a net margin of 16.83%. The firm had revenue of $919.84 million for the quarter, compared to the consensus estimate of $857.64 million.

Several brokerages have weighed in on AR. Cowen set a $22.00 price target on Antero Resources and gave the stock a “hold” rating in a research report on Thursday, January 18th. Zacks Investment Research raised Antero Resources from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Tuesday, January 9th. Raymond James downgraded Antero Resources from a “strong-buy” rating to an “outperform” rating and set a $24.00 price target on the stock. in a research report on Monday, January 29th. Barclays reaffirmed a “hold” rating and set a $22.00 price target on shares of Antero Resources in a research report on Sunday, December 24th. Finally, KeyCorp set a $29.00 target price on shares of Antero Resources and gave the stock a “buy” rating in a research note on Sunday, January 21st. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seven have issued a buy rating to the company’s stock. Antero Resources presently has a consensus rating of “Hold” and a consensus target price of $24.13.

NYSE AR opened at $20.42 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.09. Antero Resources has a 1 year low of $16.31 and a 1 year high of $22.68. The firm has a market capitalization of $6,453.93, a P/E ratio of 170.17, a PEG ratio of 1.14 and a beta of 0.81.

In related news, insider K. Phil Yoo sold 2,500 shares of the firm’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $20.00, for a total value of $50,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 9.20% of the company’s stock.

A number of institutional investors have recently modified their holdings of AR. Schwab Charles Investment Management Inc. lifted its stake in Antero Resources by 46.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 851,153 shares of the oil and natural gas company’s stock valued at $16,938,000 after buying an additional 269,753 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Antero Resources by 60.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,325,460 shares of the oil and natural gas company’s stock valued at $66,176,000 after buying an additional 1,254,460 shares in the last quarter. AMP Capital Investors Ltd lifted its stake in Antero Resources by 9.5% in the 3rd quarter. AMP Capital Investors Ltd now owns 42,524 shares of the oil and natural gas company’s stock valued at $846,000 after buying an additional 3,685 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake in Antero Resources by 276.8% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 45,088 shares of the oil and natural gas company’s stock valued at $897,000 after buying an additional 33,122 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. lifted its stake in Antero Resources by 3,683.5% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 41,392 shares of the oil and natural gas company’s stock valued at $824,000 after buying an additional 40,298 shares in the last quarter. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

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Antero Resources Company Profile

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores, produces, and develops natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2017 had approximately 484,000 net acres in the southwestern core of the Marcellus Shale; approximately 137,000 net acres in the core of the Utica Shale; and approximately 214,000 net acres of Marcellus Shale leasehold.

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