Analysts Expect Antero Resources Corporation (AR) to Post $0.05 EPS

Analysts expect that Antero Resources Corporation (NYSE:AR) will announce $0.05 earnings per share (EPS) for the current quarter, according to Zacks. Seven analysts have provided estimates for Antero Resources Corporation’s earnings, with the highest EPS estimate coming in at $0.15 and the lowest estimate coming in at ($0.07). Antero Resources Corporation posted earnings per share of $0.18 in the same quarter last year, which would indicate a negative year over year growth rate of 72.2%. The company is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, November 1st.

According to Zacks, analysts expect that Antero Resources Corporation will report full-year earnings of $0.33 per share for the current year, with EPS estimates ranging from $0.05 to $0.70. For the next financial year, analysts expect that the business will post earnings of $0.67 per share, with EPS estimates ranging from ($0.24) to $1.39. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Antero Resources Corporation.

Antero Resources Corporation (NYSE:AR) last released its quarterly earnings data on Wednesday, August 2nd. The oil and natural gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.01). The business had revenue of $736.00 million during the quarter, compared to analysts’ expectations of $778.55 million. Antero Resources Corporation had a return on equity of 1.44% and a net margin of 0.48%. The company’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS.

AR has been the subject of a number of analyst reports. KeyCorp reiterated a “buy” rating and set a $33.00 price target on shares of Antero Resources Corporation in a research report on Sunday, September 3rd. Scotiabank set a $26.00 price target on Antero Resources Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 22nd. Cowen and Company reissued a “hold” rating and issued a $25.00 price objective on shares of Antero Resources Corporation in a research note on Tuesday, September 12th. Robert W. Baird reissued a “buy” rating and issued a $38.00 price objective on shares of Antero Resources Corporation in a research note on Sunday, September 10th. Finally, Citigroup Inc. dropped their price objective on Antero Resources Corporation from $34.00 to $27.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $28.06.

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Antero Resources Corporation (NYSE:AR) traded up 2.32% on Thursday, reaching $19.40. The company’s stock had a trading volume of 2,891,775 shares. Antero Resources Corporation has a 52-week low of $17.89 and a 52-week high of $27.85. The firm has a 50-day moving average price of $19.90 and a 200 day moving average price of $20.49. The firm has a market capitalization of $6.12 billion, a P/E ratio of 451.16 and a beta of 0.96.

A number of large investors have recently bought and sold shares of the stock. Andra AP fonden raised its position in Antero Resources Corporation by 42.4% during the third quarter. Andra AP fonden now owns 77,300 shares of the oil and natural gas company’s stock valued at $1,538,000 after buying an additional 23,000 shares during the period. Miller Howard Investments Inc. NY acquired a new position in Antero Resources Corporation during the third quarter valued at $261,000. First Trust Advisors LP raised its position in Antero Resources Corporation by 15.0% during the third quarter. First Trust Advisors LP now owns 759,338 shares of the oil and natural gas company’s stock valued at $15,111,000 after buying an additional 98,897 shares during the period. Advisors Capital Management LLC raised its position in Antero Resources Corporation by 9.7% during the third quarter. Advisors Capital Management LLC now owns 79,282 shares of the oil and natural gas company’s stock valued at $1,578,000 after buying an additional 6,981 shares during the period. Finally, Sanders Morris Harris LLC acquired a new position in Antero Resources Corporation during the third quarter valued at $1,823,000. 93.66% of the stock is currently owned by hedge funds and other institutional investors.

About Antero Resources Corporation

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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