Brokerages forecast that Antero Resources Corp (NYSE:AR) will announce earnings per share of $0.23 for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for Antero Resources’ earnings, with the highest EPS estimate coming in at $0.37 and the lowest estimate coming in at $0.11. Antero Resources reported 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 company is expected to announce its next quarterly 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 financial year, with EPS estimates ranging from $0.65 to $1.30. For the next fiscal year, analysts expect that the firm will post earnings of $1.83 per share, with EPS estimates ranging from $0.64 to $2.77. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Antero Resources.
Antero Resources (NYSE:AR) last announced its earnings results on Wednesday, August 1st. The oil and natural gas company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.17). The firm had revenue of $989.34 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the business earned ($0.04) EPS.
AR has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Antero Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, September 19th. Scotiabank reiterated a “hold” rating and set a $26.00 target price on shares of Antero Resources in a research report on Monday, October 1st. BMO Capital Markets lowered 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. Citigroup decreased their price objective 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. Finally, Jefferies Financial Group reissued a “hold” rating and set a $22.00 price objective on shares of Antero Resources in a report on Friday, July 20th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $23.77.
Shares of Antero Resources stock traded down $0.17 during mid-day trading on Monday, reaching $18.68. 3,588,158 shares of the stock were exchanged, compared to its average volume of 3,232,534. The stock has a market capitalization of $5.62 billion, a P/E ratio of 155.67, a price-to-earnings-growth ratio of 1.27 and a beta of 0.73. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.60. Antero Resources has a fifty-two week low of $16.31 and a fifty-two week high of $22.69.
In other Antero Resources news, insider K. Phil Yoo sold 2,500 shares of the stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $18.59, for a total transaction of $46,475.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 9.40% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. bought a new position in shares of Antero Resources in the 2nd quarter valued at about $197,000. RDL Financial Inc. bought a new position in shares of Antero Resources in the 2nd quarter valued at about $204,000. Standard Life Aberdeen plc bought a new position in shares of Antero Resources in the 2nd quarter valued at about $254,000. Eqis Capital Management Inc. bought a new position in shares of Antero Resources in the 2nd quarter valued at about $257,000. Finally, grace capital bought a new position in shares of Antero Resources in the 2nd quarter valued at about $278,000. 94.91% of the stock is currently owned by institutional investors.
About Antero Resources
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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