Antero Resources Corp (AR) Expected to Post Earnings of $0.16 Per Share

Analysts expect Antero Resources Corp (NYSE:AR) to report earnings of $0.16 per share for the current quarter, according to Zacks. Seven analysts have issued estimates for Antero Resources’ earnings, with estimates ranging from $0.03 to $0.29. Antero Resources posted earnings per share of $0.22 in the same quarter last year, which suggests a negative year over year growth rate of 27.3%. The business is scheduled to issue its next earnings results on Tuesday, February 27th.

According to Zacks, analysts expect that Antero Resources will report full year earnings of $0.26 per share for the current year, with EPS estimates ranging from $0.15 to $0.38. For the next year, analysts expect that the business will post earnings of $0.69 per share, with EPS estimates ranging from ($0.24) to $1.47. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Antero Resources.

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

A number of equities analysts have weighed in on AR shares. Robert W. Baird set a $38.00 target price on shares of Antero Resources and gave the company a “buy” rating in a research note on Thursday, October 12th. KeyCorp reaffirmed a “buy” rating and set a $33.00 target price on shares of Antero Resources in a research note on Sunday, September 3rd. BMO Capital Markets reiterated a “buy” rating on shares of Antero Resources in a report on Friday, September 22nd. Morgan Stanley cut their price target on shares of Antero Resources from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 18th. Finally, Barclays cut shares of Antero Resources from an “overweight” rating to an “equal weight” rating and set a $21.00 price target on the stock. in a report on Monday, November 20th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $26.32.

Antero Resources (NYSE AR) opened at $18.53 on Friday. Antero Resources has a one year low of $17.59 and a one year high of $26.60. The firm has a market cap of $5,681.38, a P/E ratio of 94.74 and a beta of 0.94. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54.

In related news, 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction of $209,151.25. The disclosure for this sale can be found here. Company insiders own 9.20% of the company’s stock.

A number of hedge funds have recently modified their holdings of AR. Janus Henderson Group PLC boosted its stake in shares of Antero Resources by 15,715.7% during the 2nd quarter. Janus Henderson Group PLC now owns 2,916,259 shares of the oil and natural gas company’s stock worth $63,020,000 after acquiring an additional 2,897,820 shares during the last quarter. Baupost Group LLC MA boosted its stake in shares of Antero Resources by 12.9% during the 3rd quarter. Baupost Group LLC MA now owns 23,912,257 shares of the oil and natural gas company’s stock worth $475,854,000 after acquiring an additional 2,741,261 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Antero Resources by 18.7% during the 2nd quarter. BlackRock Inc. now owns 10,146,431 shares of the oil and natural gas company’s stock worth $219,264,000 after acquiring an additional 1,595,558 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Antero Resources by 60.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,325,460 shares of the oil and natural gas company’s stock worth $66,176,000 after acquiring an additional 1,254,460 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its stake in shares of Antero Resources by 19.7% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 6,671,696 shares of the oil and natural gas company’s stock worth $144,176,000 after acquiring an additional 1,096,317 shares during the last quarter. Institutional investors own 96.99% of the company’s stock.

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About Antero Resources

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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