Analysts predict that Antero Resources Corp (NYSE:AR) will announce earnings per share (EPS) of $0.31 for the current quarter, Zacks reports. Five analysts have made estimates for Antero Resources’ earnings. The lowest EPS estimate is $0.10 and the highest is $0.59. Antero Resources reported earnings of $0.18 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 72.2%. The firm is scheduled to announce its next quarterly earnings results on Monday, May 14th.
According to Zacks, analysts expect that Antero Resources will report full-year earnings of $1.25 per share for the current fiscal year, with EPS estimates ranging from $0.39 to $2.39. For the next year, analysts forecast that the company will post earnings of $1.59 per share, with EPS estimates ranging from $0.67 to $2.88. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Antero Resources.
AR has been the subject of several research reports. Barclays downgraded shares of Antero Resources from an “overweight” rating to an “equal weight” rating and set a $21.00 price target for the company. in a research report on Monday, November 20th. Zacks Investment Research raised shares of Antero Resources from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Wednesday, January 3rd. Cowen set a $22.00 price objective on Antero Resources and gave the company a “hold” rating in a research note on Thursday, January 18th. SunTrust Banks restated a “hold” rating and set a $22.00 price objective on shares of Antero Resources in a research note on Friday, November 3rd. Finally, Morgan Stanley restated an “equal weight” rating on shares of Antero Resources in a research note on Thursday, December 14th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and ten have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $25.11.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AR. Twin Tree Management LP bought a new stake in shares of Antero Resources during the 4th quarter worth $143,000. Toronto Dominion Bank raised its stake in shares of Antero Resources by 244.3% during the 3rd quarter. Toronto Dominion Bank now owns 9,326 shares of the oil and natural gas company’s stock worth $186,000 after purchasing an additional 6,617 shares during the period. James Hambro & Partners bought a new stake in shares of Antero Resources during the 4th quarter worth $190,000. SG Americas Securities LLC bought a new stake in shares of Antero Resources during the 4th quarter worth $191,000. Finally, American International Group Inc. raised its stake in shares of Antero Resources by 76.4% during the 4th quarter. American International Group Inc. now owns 11,873 shares of the oil and natural gas company’s stock worth $226,000 after purchasing an additional 5,141 shares during the period. Institutional investors own 97.97% of the company’s stock.
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About Antero Resources
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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