$0.03 EPS Expected for Antero Resources Corporation (AR) This Quarter
Analysts expect Antero Resources Corporation (NYSE:AR) to announce $0.03 earnings per share for the current quarter, according to Zacks. Seven analysts have issued estimates for Antero Resources Corporation’s earnings, with the highest EPS estimate coming in at $0.19 and the lowest estimate coming in at ($0.13). Antero Resources Corporation posted earnings of $0.18 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 83.3%. The company is scheduled to issue its next earnings report on Wednesday, October 25th.
According to Zacks, analysts expect that Antero Resources Corporation will report full-year earnings of $0.31 per share for the current financial year, with EPS estimates ranging from ($0.08) to $0.60. For the next fiscal year, analysts expect that the company will report earnings of $1.04 per share, with EPS estimates ranging from $0.01 to $1.88. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Antero Resources Corporation.
Antero Resources Corporation (NYSE:AR) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). Antero Resources Corporation had a return on equity of 1.44% and a net margin of 0.48%. The business had revenue of $736.00 million during the quarter, compared to the consensus estimate of $778.55 million. During the same quarter last year, the firm posted $0.14 earnings per share. Antero Resources Corporation’s revenue was up 1.1% compared to the same quarter last year.
Several research firms recently issued reports on AR. Zacks Investment Research upgraded Antero Resources Corporation from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Friday, July 21st. Scotiabank set a $27.00 price target on Antero Resources Corporation and gave the company a “buy” rating in a report on Saturday, July 1st. BidaskClub upgraded Antero Resources Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Howard Weil cut Antero Resources Corporation from an “outperform” rating to a “sector perform” rating and set a $26.00 price target on the stock. in a report on Thursday. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $26.00 price target on shares of Antero Resources Corporation in a report on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Antero Resources Corporation currently has an average rating of “Buy” and a consensus price target of $29.61.
In other news, insider K. Phil Yoo sold 3,785 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $20.55, for a total transaction of $77,781.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 10.80% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Evergreen Capital Management LLC acquired a new stake in shares of Antero Resources Corporation during the second quarter worth about $3,110,000. BlackRock Inc. raised its position in shares of Antero Resources Corporation by 2,440.4% during the first quarter. BlackRock Inc. now owns 8,550,873 shares of the oil and natural gas company’s stock worth $195,044,000 after purchasing an additional 8,214,276 shares during the period. Texan Capital Management raised its position in shares of Antero Resources Corporation by 2.0% during the second quarter. Texan Capital Management now owns 26,845 shares of the oil and natural gas company’s stock worth $580,000 after purchasing an additional 535 shares during the period. Caymus Capital Partners L.P. raised its position in shares of Antero Resources Corporation by 34.5% during the second quarter. Caymus Capital Partners L.P. now owns 4,369,500 shares of the oil and natural gas company’s stock worth $94,425,000 after purchasing an additional 1,121,300 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Antero Resources Corporation by 2.4% during the first quarter. JPMorgan Chase & Co. now owns 1,789,980 shares of the oil and natural gas company’s stock worth $40,829,000 after purchasing an additional 42,052 shares during the period. 93.59% of the stock is currently owned by institutional investors.
Shares of Antero Resources Corporation (AR) traded down 2.86% during midday trading on Monday, reaching $19.72. 2,765,851 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $19.47 and its 200 day moving average price is $21.22. Antero Resources Corporation has a 52-week low of $18.23 and a 52-week high of $28.30. The firm has a market capitalization of $6.22 billion, a P/E ratio of 458.60 and a beta of 0.95.
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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