Zacks: Analysts Anticipate Antero Resources Corp (AR) Will Announce Earnings of $0.23 Per Share

Wall Street analysts predict that Antero Resources Corp (NYSE:AR) will post $0.23 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for Antero Resources’ earnings. The lowest EPS estimate is $0.11 and the highest is $0.37. Antero Resources posted earnings per share of ($0.05) in the same quarter last year, which would indicate a positive year-over-year growth rate of 560%. The business is scheduled to issue its next earnings results on Wednesday, November 7th.

On average, analysts expect that Antero Resources will report full-year earnings of $0.99 per share for the current year, with EPS estimates ranging from $0.65 to $1.30. For the next financial year, analysts expect that the business will post earnings of $1.83 per share, with EPS estimates ranging from $0.64 to $2.77. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for Antero Resources.

Antero Resources (NYSE:AR) last posted its quarterly earnings results on Wednesday, August 1st. The oil and natural gas company reported $0.02 EPS for the quarter, missing the Zacks’ 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 return on equity of 1.83% and a net margin of 6.24%. The company’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.04) earnings per share.

Several brokerages have issued reports on AR. Zacks Investment Research cut shares of Antero Resources from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. TD Securities began coverage on shares of Antero Resources in a report on Thursday, July 5th. They set a “buy” rating and a $26.00 target price on the stock. Citigroup dropped their target price on shares of Antero Resources from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, August 13th. BMO Capital Markets cut shares of Antero Resources from an “outperform” rating to a “market perform” rating in a report on Friday, September 21st. They noted that the move was a valuation call. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $22.00 target price on shares of Antero Resources in a report on Friday, July 20th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $23.77.

Shares of NYSE AR traded up $0.30 during mid-day trading on Monday, reaching $18.88. The company had a trading volume of 3,454,137 shares, compared to its average volume of 3,189,820. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.60. The stock has a market cap of $5.62 billion, a PE ratio of 157.33, a PEG ratio of 1.27 and a beta of 0.73. Antero Resources has a 52 week low of $16.31 and a 52 week high of $22.69.

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 value of $46,475.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 9.40% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in AR. BlackRock Inc. raised its position in shares of Antero Resources by 10.1% in the 2nd quarter. BlackRock Inc. now owns 13,679,453 shares of the oil and natural gas company’s stock valued at $292,057,000 after purchasing an additional 1,256,488 shares during the last quarter. Nuveen Asset Management LLC raised its position in shares of Antero Resources by 443.8% in the 1st quarter. Nuveen Asset Management LLC now owns 874,105 shares of the oil and natural gas company’s stock valued at $17,351,000 after purchasing an additional 713,355 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of 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 last quarter. United Services Automobile Association raised its position in shares of Antero Resources by 125.6% in the 2nd quarter. United Services Automobile Association now owns 1,169,417 shares of the oil and natural gas company’s stock valued at $53,934,000 after purchasing an additional 651,000 shares during the last quarter. Finally, HITE Hedge Asset Management LLC raised its position in shares of Antero Resources by 306.8% in the 2nd quarter. HITE Hedge Asset Management LLC now owns 508,473 shares of the oil and natural gas company’s stock valued at $10,856,000 after purchasing an additional 383,473 shares during the last quarter. Institutional investors and hedge funds own 94.91% of the company’s stock.

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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