Wall Street analysts expect Antero Resources Corp (NYSE:AR) to post earnings of $0.56 per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Antero Resources’ earnings, with the lowest EPS estimate coming in at $0.33 and the highest estimate coming in at $0.71. Antero Resources posted earnings of $0.44 per share in the same quarter last year, which suggests a positive year over year growth rate of 27.3%. The company is scheduled to announce its next quarterly earnings results on Wednesday, April 24th.
According to Zacks, analysts expect that Antero Resources will report full year earnings of $0.79 per share for the current year, with EPS estimates ranging from $0.06 to $1.46. For the next financial year, analysts expect that the business will report earnings of $0.88 per share, with EPS estimates ranging from $0.40 to $1.39. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Antero Resources.
Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, February 13th. The oil and natural gas company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.30 billion. Antero Resources had a negative net margin of 9.60% and a positive return on equity of 3.67%. The company’s revenue for the quarter was up 34.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.33 EPS.
In other Antero Resources news, insider Paul M. Rady acquired 12,200 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was acquired at an average price of $8.30 per share, with a total value of $101,260.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul M. Rady acquired 12,239 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were acquired at an average cost of $8.34 per share, with a total value of $102,073.26. Following the transaction, the insider now owns 9,579,520 shares in the company, valued at $79,893,196.80. The disclosure for this purchase can be found here. 9.40% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of AR. Norges Bank bought a new position in Antero Resources in the 4th quarter worth about $40,327,000. Baupost Group LLC MA grew its position in Antero Resources by 7.5% in the 4th quarter. Baupost Group LLC MA now owns 28,587,791 shares of the oil and natural gas company’s stock worth $268,439,000 after purchasing an additional 2,000,000 shares during the last quarter. Poplar Forest Capital LLC grew its position in Antero Resources by 40.3% in the 4th quarter. Poplar Forest Capital LLC now owns 2,760,036 shares of the oil and natural gas company’s stock worth $25,917,000 after purchasing an additional 793,020 shares during the last quarter. Sound Shore Management Inc. CT grew its position in Antero Resources by 9.0% in the 4th quarter. Sound Shore Management Inc. CT now owns 8,456,228 shares of the oil and natural gas company’s stock worth $79,404,000 after purchasing an additional 699,980 shares during the last quarter. Finally, Prudential Financial Inc. grew its position in Antero Resources by 4,056.3% in the 4th quarter. Prudential Financial Inc. now owns 704,908 shares of the oil and natural gas company’s stock worth $6,619,000 after purchasing an additional 687,948 shares during the last quarter. Hedge funds and other institutional investors own 98.53% of the company’s stock.
Shares of Antero Resources stock traded down $0.23 during trading on Thursday, reaching $8.33. The company had a trading volume of 4,171,483 shares, compared to its average volume of 6,258,301. The firm has a market cap of $2.64 billion, a PE ratio of 10.82, a price-to-earnings-growth ratio of 0.48 and a beta of 0.99. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.95 and a current ratio of 0.95. Antero Resources has a fifty-two week low of $7.63 and a fifty-two week high of $22.69.
About Antero Resources
Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2018, the company had approximately 486,000 net acres in the southwestern core of the Marcellus Shale; 125,000 net acres in the core of the Utica Shale; and 209,000 net acres of Marcellus Shale leasehold.
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