Wall Street analysts expect that Antero Resources Corp (NYSE:AR) will report earnings per share of $0.25 for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Antero Resources’ earnings. The highest EPS estimate is $0.39 and the lowest is $0.03. Antero Resources posted earnings of ($0.05) per share in the same quarter last year, which suggests a positive year over year growth rate of 600%. The business is expected to issue its next earnings results on Wednesday, November 7th.
According to Zacks, analysts expect that Antero Resources will report full-year earnings of $1.10 per share for the current financial year, with EPS estimates ranging from $0.67 to $1.51. For the next financial year, analysts forecast that the business will post earnings of $1.85 per share, with EPS estimates ranging from $0.64 to $2.74. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Antero Resources.
Antero Resources (NYSE:AR) last released its earnings results on Wednesday, August 1st. The oil and natural gas company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.17). The business had revenue of $989.34 million during the quarter, compared to the consensus estimate of $950.78 million. Antero Resources had a net margin of 6.24% and a return on equity of 1.83%. The firm’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same period last year, the business posted ($0.04) EPS.
A number of brokerages have commented on AR. Morgan Stanley increased their price target on shares of Antero Resources from $22.00 to $23.00 and gave the company an “equal weight” rating in a research note on Thursday, July 12th. TD Securities began coverage on shares of Antero Resources in a research note on Thursday, July 5th. They issued a “buy” rating and a $26.00 price target for the company. Jefferies Financial Group reiterated a “hold” rating and issued a $22.00 price target on shares of Antero Resources in a research note on Friday, July 20th. Zacks Investment Research cut shares of Antero Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Finally, ValuEngine upgraded shares of Antero Resources from a “strong sell” rating to a “sell” rating in a research note on Friday, June 1st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $23.91.
In other news, insider K. Phil Yoo sold 2,500 shares of the firm’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $18.59, for a total transaction of $46,475.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.40% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Bank of Nova Scotia increased its holdings in Antero Resources by 707.3% in the 2nd quarter. Bank of Nova Scotia now owns 121,100 shares of the oil and natural gas company’s stock valued at $2,585,000 after buying an additional 106,100 shares during the period. Jane Street Group LLC bought a new position in Antero Resources in the 2nd quarter valued at about $962,000. California Public Employees Retirement System increased its holdings in Antero Resources by 26.9% in the 2nd quarter. California Public Employees Retirement System now owns 560,941 shares of the oil and natural gas company’s stock valued at $11,976,000 after buying an additional 118,767 shares during the period. grace capital bought a new position in Antero Resources in the 2nd quarter valued at about $278,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its holdings in Antero Resources by 502.7% in the 2nd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 331,500 shares of the oil and natural gas company’s stock valued at $7,078,000 after buying an additional 276,500 shares during the period. 94.91% of the stock is currently owned by institutional investors and hedge funds.
Shares of AR stock opened at $17.11 on Tuesday. The firm has a market capitalization of $5.60 billion, a price-to-earnings ratio of 142.58, a PEG ratio of 1.05 and a beta of 0.73. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.60. Antero Resources has a one year low of $16.31 and a one year high of $22.69.
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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