Brokerages Expect Antero Resources (AR) Will Announce Earnings of $0.38 Per Share

Equities research analysts predict that Antero Resources (NYSE:AR) will announce earnings of $0.38 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Antero Resources’ earnings. The lowest EPS estimate is $0.16 and the highest is $0.59. Antero Resources reported earnings per share of $0.18 in the same quarter last year, which suggests a positive year-over-year growth rate of 111.1%. The business is expected to announce its next quarterly earnings report on Monday, May 14th.

On average, analysts expect that Antero Resources will report full year earnings of $1.33 per share for the current year, with EPS estimates ranging from $0.66 to $2.39. For the next financial year, analysts anticipate that the firm will post earnings of $1.52 per share, with EPS estimates ranging from $0.58 to $2.88. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Antero Resources.

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Antero Resources (NYSE:AR) last issued its earnings results on Tuesday, February 13th. The oil and natural gas company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.11. The business had revenue of $919.84 million for the quarter, compared to the consensus estimate of $857.64 million. Antero Resources had a net margin of 16.83% and a return on equity of 0.83%.

Several analysts recently commented on AR shares. ValuEngine cut shares of Antero Resources from a “sell” rating to a “strong sell” rating in a research note on Friday. Robert W. Baird reduced their price objective on shares of Antero Resources from $39.00 to $22.00 and set an “outperform” rating for the company in a research note on Monday, December 18th. Credit Suisse Group started coverage on shares of Antero Resources in a research note on Monday, December 11th. They issued a “neutral” rating and a $21.00 price objective for the company. SunTrust Banks reiterated a “hold” rating and issued a $23.00 price objective on shares of Antero Resources in a research note on Friday, December 8th. Finally, Jefferies Group set a $23.00 price objective on shares of Antero Resources and gave the company a “hold” rating in a research note on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $24.13.

Shares of NYSE:AR traded down $0.16 during midday trading on Monday, hitting $20.11. The stock had a trading volume of 4,593,462 shares, compared to its average volume of 3,039,265. The company has a market cap of $6,415.94, a price-to-earnings ratio of 167.58, a PEG ratio of 1.13 and a beta of 0.81. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.54. Antero Resources has a 1 year low of $16.31 and a 1 year high of $23.56.

In other Antero Resources news, insider K. Phil Yoo sold 2,500 shares of Antero Resources stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $20.00, for a total transaction of $50,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 9.20% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Twin Tree Management LP acquired a new position in shares of Antero Resources in the fourth quarter valued at approximately $143,000. James Hambro & Partners acquired a new position in shares of Antero Resources in the fourth quarter valued at approximately $190,000. SG Americas Securities LLC acquired a new position in shares of Antero Resources in the fourth quarter valued at approximately $191,000. American International Group Inc. raised its position in shares of Antero Resources by 76.4% in the fourth quarter. American International Group Inc. now owns 11,873 shares of the oil and natural gas company’s stock valued at $226,000 after buying an additional 5,141 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Antero Resources by 8.1% in the second quarter. The Manufacturers Life Insurance Company now owns 11,442 shares of the oil and natural gas company’s stock valued at $247,000 after buying an additional 855 shares during the last quarter. Institutional investors own 94.31% of the company’s stock.

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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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