Antero Resources Corp (AR) Expected to Announce Quarterly Sales of $1.07 Billion
Wall Street brokerages predict that Antero Resources Corp (NYSE:AR) will announce sales of $1.07 billion for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for Antero Resources’ earnings, with estimates ranging from $999.40 million to $1.15 billion. Antero Resources posted sales of $775.32 million in the same quarter last year, which indicates a positive year over year growth rate of 38%. The business is scheduled to report its next quarterly earnings results on Wednesday, November 7th.
On average, analysts expect that Antero Resources will report full-year sales of $4.24 billion for the current financial year, with estimates ranging from $3.87 billion to $4.57 billion. For the next fiscal year, analysts expect that the company will report sales of $5.22 billion, with estimates ranging from $4.86 billion to $5.76 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Antero Resources.
Antero Resources (NYSE:AR) last posted its quarterly earnings data on Wednesday, August 1st. The oil and natural gas company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.17). The company 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%. Antero Resources’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same period in the previous year, the business earned ($0.04) earnings per share.
In related news, insider K. Phil Yoo sold 2,500 shares of the company’s stock in a transaction on 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 filing with the Securities & Exchange Commission, which is available through this link. 9.40% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in shares of Antero Resources by 10.1% during the 2nd quarter. BlackRock Inc. now owns 13,679,453 shares of the oil and natural gas company’s stock worth $292,057,000 after buying an additional 1,256,488 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Antero Resources by 12.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,168,222 shares of the oil and natural gas company’s stock valued at $131,691,000 after purchasing an additional 668,836 shares during the period. Caymus Capital Partners L.P. boosted its holdings in Antero Resources by 3.8% in the 2nd quarter. Caymus Capital Partners L.P. now owns 2,705,340 shares of the oil and natural gas company’s stock valued at $57,759,000 after purchasing an additional 99,800 shares during the period. JPMorgan Chase & Co. boosted its holdings in Antero Resources by 4.1% in the 1st quarter. JPMorgan Chase & Co. now owns 2,272,367 shares of the oil and natural gas company’s stock valued at $45,106,000 after purchasing an additional 89,485 shares during the period. Finally, Poplar Forest Capital LLC boosted its holdings in Antero Resources by 120.5% in the 1st quarter. Poplar Forest Capital LLC now owns 1,493,123 shares of the oil and natural gas company’s stock valued at $29,638,000 after purchasing an additional 815,912 shares during the period. 94.88% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:AR traded down $0.91 during trading on Friday, hitting $17.88. The company had a trading volume of 175,573 shares, compared to its average volume of 3,357,087. The firm has a market capitalization of $5.93 billion, a price-to-earnings ratio of 153.71, a PEG ratio of 1.34 and a beta of 0.73. Antero Resources has a one year low of $16.31 and a one year high of $22.69. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.06 and a quick ratio of 1.06.
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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