Antero Resources (NYSE:AR) Issues Earnings Results, Misses Estimates By $0.01 EPS

Antero Resources (NYSE:AR) posted its earnings results on Thursday. The oil and natural gas company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01), Yahoo Finance reports. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.06 billion. Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. The company’s revenue for the quarter was down 20.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.48 earnings per share.

Antero Resources Trading Up 1.2 %

Shares of Antero Resources stock traded up $0.41 during mid-day trading on Friday, hitting $33.80. The stock had a trading volume of 7,919,516 shares, compared to its average volume of 4,347,436. The firm has a 50-day moving average of $27.65 and a two-hundred day moving average of $25.44. Antero Resources has a 12-month low of $19.91 and a 12-month high of $34.24. The company has a quick ratio of 0.33, a current ratio of 0.29 and a debt-to-equity ratio of 0.21. The firm has a market cap of $10.51 billion, a P/E ratio of 169.00 and a beta of 3.30.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AR shares. Mizuho boosted their target price on shares of Antero Resources from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. Morgan Stanley upgraded shares of Antero Resources from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $26.00 to $36.00 in a research report on Wednesday, April 17th. StockNews.com upgraded shares of Antero Resources to a “sell” rating in a research report on Friday. Truist Financial decreased their price objective on shares of Antero Resources from $28.00 to $27.00 and set a “hold” rating for the company in a research report on Friday, April 5th. Finally, Scotiabank upped their price objective on shares of Antero Resources from $26.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $30.69.

Insider Activity

In other news, Director W Howard Keenan, Jr. sold 206,978 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $26.15, for a total value of $5,412,474.70. Following the completion of the sale, the director now owns 3,793,022 shares of the company’s stock, valued at approximately $99,187,525.30. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director W Howard Keenan, Jr. sold 206,978 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $26.15, for a total value of $5,412,474.70. Following the transaction, the director now directly owns 3,793,022 shares in the company, valued at approximately $99,187,525.30. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Sheri Pearce sold 28,009 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total transaction of $736,356.61. Following the completion of the transaction, the insider now owns 106,698 shares in the company, valued at $2,805,090.42. The disclosure for this sale can be found here. Insiders sold a total of 467,280 shares of company stock valued at $12,153,605 in the last 90 days. Company insiders own 5.95% of the company’s stock.

Antero Resources Company Profile

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.