Brokerages Expect Antero Resources Corp (AR) Will Announce Earnings of $0.23 Per Share

Wall Street brokerages expect Antero Resources Corp (NYSE:AR) to post earnings per share of $0.23 for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Antero Resources’ earnings, with the lowest EPS estimate coming in at $0.11 and the highest estimate coming in at $0.37. Antero Resources posted earnings per share of ($0.05) in the same quarter last year, which would suggest a positive year over year growth rate of 560%. The company is scheduled to report its next quarterly earnings report on Wednesday, November 7th.

According to Zacks, analysts expect that Antero Resources will report full year earnings of $0.99 per share for the current financial year, with EPS estimates ranging from $0.65 to $1.30. For the next year, analysts anticipate that the firm will report earnings of $1.83 per share, with EPS estimates ranging from $0.64 to $2.77. Zacks’ EPS calculations are an average based on a survey of research firms 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 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.17). The business had revenue of $989.34 million during the quarter, compared to analyst estimates of $950.78 million. Antero Resources had a net margin of 6.24% and a return on equity of 1.83%. The business’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.04) earnings per share.

Several brokerages have commented on AR. TD Securities dropped their price target on Antero Resources from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, August 2nd. Morgan Stanley upped their price target on Antero Resources from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 12th. Citigroup dropped their price target on Antero Resources from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday, August 13th. Jefferies Financial Group restated a “hold” rating and set a $22.00 price target on shares of Antero Resources in a research note on Friday, July 20th. Finally, Zacks Investment Research lowered Antero Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $23.77.

Shares of NYSE:AR opened at $19.17 on Monday. The stock has a market cap of $5.62 billion, a price-to-earnings ratio of 159.75, a PEG ratio of 1.27 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 12 month low of $16.31 and a 12 month high of $22.69.

In other news, insider K. Phil Yoo sold 2,500 shares of the stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $18.59, for a total value of $46,475.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 9.40% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of AR. BlackRock Inc. grew its stake in shares of Antero Resources by 4.7% in the first quarter. BlackRock Inc. now owns 12,422,965 shares of the oil and natural gas company’s stock valued at $246,595,000 after buying an additional 556,251 shares in the last quarter. Federated Investors Inc. PA acquired a new stake in shares of Antero Resources in the first quarter valued at about $351,000. BNP Paribas Arbitrage SA grew its stake in shares of Antero Resources by 72.1% in the first quarter. BNP Paribas Arbitrage SA now owns 87,683 shares of the oil and natural gas company’s stock valued at $1,741,000 after buying an additional 36,723 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Antero Resources by 276.0% in the first quarter. Russell Investments Group Ltd. now owns 63,394 shares of the oil and natural gas company’s stock valued at $1,254,000 after buying an additional 46,536 shares in the last quarter. Finally, Sei Investments Co. grew its stake in shares of Antero Resources by 110.0% in the first quarter. Sei Investments Co. now owns 74,930 shares of the oil and natural gas company’s stock valued at $1,487,000 after buying an additional 39,255 shares in the last quarter. Institutional investors and hedge funds own 94.91% of the company’s stock.

About Antero Resources

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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