$1.01 Billion in Sales Expected for Antero Resources Corp (AR) This Quarter

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Brokerages expect that Antero Resources Corp (NYSE:AR) will report $1.01 billion in sales for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Antero Resources’ earnings, with the highest sales estimate coming in at $1.07 billion and the lowest estimate coming in at $924.70 million. Antero Resources reported sales of $790.39 million in the same quarter last year, which indicates a positive year-over-year growth rate of 27.8%. The business is scheduled to announce its next earnings results on Wednesday, August 1st.

According to Zacks, analysts expect that Antero Resources will report full year sales of $4.30 billion for the current fiscal year, with estimates ranging from $3.92 billion to $4.73 billion. For the next financial year, analysts expect that the firm will report sales of $5.08 billion per share, with estimates ranging from $4.80 billion to $5.55 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Antero Resources.

Antero Resources (NYSE:AR) last posted its earnings results on Wednesday, April 25th. The oil and natural gas company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.07. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $916.54 million. Antero Resources had a net margin of 10.36% and a return on equity of 1.61%. The company’s revenue was up 40.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.18 earnings per share.

AR has been the topic of a number of research reports. BMO Capital Markets reaffirmed a “buy” rating and set a $23.00 target price on shares of Antero Resources in a research note on Tuesday, February 27th. Stifel Nicolaus initiated coverage on shares of Antero Resources in a research note on Wednesday, May 23rd. They set a “buy” rating and a $24.50 target price on the stock. Morgan Stanley boosted their target price on shares of Antero Resources from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 24th. Zacks Investment Research cut shares of Antero Resources from a “buy” rating to a “hold” rating in a research note on Monday, March 5th. Finally, Jefferies Financial Group set a $22.00 target price on shares of Antero Resources and gave the stock a “hold” rating in a research note on Wednesday, April 25th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. Antero Resources has an average rating of “Hold” and a consensus price target of $24.28.

Shares of Antero Resources traded down $0.26, reaching $19.50, during midday trading on Tuesday, according to Marketbeat.com. 3,729,841 shares of the company were exchanged, compared to its average volume of 2,871,098. The stock has a market cap of $6.18 billion, a PE ratio of 162.50, a PEG ratio of 0.99 and a beta of 0.82. Antero Resources has a one year low of $16.31 and a one year high of $22.68. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.01 and a current ratio of 1.01.

In other news, insider K. Phil Yoo sold 2,500 shares of Antero Resources stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $18.93, for a total transaction of $47,325.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 9.40% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Antero Resources by 6.7% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 44,517 shares of the oil and natural gas company’s stock valued at $883,000 after buying an additional 2,795 shares during the period. Swiss National Bank lifted its holdings in Antero Resources by 0.4% in the fourth quarter. Swiss National Bank now owns 814,700 shares of the oil and natural gas company’s stock valued at $15,479,000 after buying an additional 3,100 shares during the period. Xact Kapitalforvaltning AB lifted its holdings in Antero Resources by 16.1% in the fourth quarter. Xact Kapitalforvaltning AB now owns 24,711 shares of the oil and natural gas company’s stock valued at $470,000 after buying an additional 3,423 shares during the period. Toronto Dominion Bank lifted its holdings in Antero Resources by 39.6% in the fourth quarter. Toronto Dominion Bank now owns 13,015 shares of the oil and natural gas company’s stock valued at $247,000 after buying an additional 3,689 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in Antero Resources by 33.9% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 15,800 shares of the oil and natural gas company’s stock valued at $300,000 after buying an additional 4,000 shares during the period. Institutional investors and hedge funds own 95.40% 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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