Antero Resources (NYSE:AR) Posts Earnings Results

Antero Resources (NYSE:AR) issued its quarterly earnings data 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. Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the business posted $0.48 earnings per share. The firm’s revenue was down 20.3% compared to the same quarter last year.

Antero Resources Price Performance

Shares of AR traded up $0.41 during midday trading on Friday, reaching $33.80. The stock had a trading volume of 7,919,516 shares, compared to its average volume of 4,347,436. The company’s 50-day moving average is $27.65 and its 200 day moving average is $25.44. Antero Resources has a 12-month low of $19.91 and a 12-month high of $34.24. The company has a current ratio of 0.29, a quick ratio of 0.33 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $10.51 billion, a price-to-earnings ratio of 169.00 and a beta of 3.30.

Insider Transactions at Antero Resources

In other news, insider Sheri Pearce sold 28,009 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total value of $736,356.61. Following the completion of the sale, the insider now owns 106,698 shares of the company’s stock, valued at approximately $2,805,090.42. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director W Howard Keenan, Jr. sold 232,293 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $25.85, for a total value of $6,004,774.05. Following the completion of the transaction, the director now owns 3,000,000 shares of the company’s stock, valued at approximately $77,550,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 value of $736,356.61. Following the completion of the sale, the insider now owns 106,698 shares in the company, valued at approximately $2,805,090.42. The disclosure for this sale can be found here. In the last three months, insiders sold 467,280 shares of company stock worth $12,153,605. 5.95% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AR shares. Truist Financial decreased their target price on Antero Resources from $28.00 to $27.00 and set a “hold” rating for the company in a research report on Friday, April 5th. Morgan Stanley upgraded Antero Resources from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $26.00 to $36.00 in a research note on Wednesday, April 17th. StockNews.com upgraded Antero Resources to a “sell” rating in a research note on Friday. Scotiabank increased their price target on Antero Resources from $26.00 to $36.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Finally, Raymond James upped their price objective on Antero Resources from $28.00 to $32.00 and gave the company a “strong-buy” rating in a report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Antero Resources has a consensus rating of “Hold” and an average target price of $30.69.

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.