Antero Resources (NYSE:AR) Announces Earnings Results, Misses Expectations By $0.01 EPS

Antero Resources (NYSE:AR) released its earnings results on Thursday. The oil and natural gas company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01), Yahoo Finance reports. Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the firm posted $0.48 earnings per share. Antero Resources’s revenue for the quarter was down 20.3% compared to the same quarter last year.

Antero Resources Stock Up 1.2 %

AR traded up $0.41 during trading on Friday, hitting $33.80. The company had a trading volume of 7,919,516 shares, compared to its average volume of 4,347,436. The company has a market cap of $10.51 billion, a PE ratio of 169.00 and a beta of 3.30. The business has a 50-day moving average of $27.65 and a 200-day moving average of $25.44. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.33. Antero Resources has a 1-year low of $19.91 and a 1-year high of $34.24.

Insider Activity at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 206,978 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $26.15, for a total value of $5,412,474.70. Following the sale, the director now directly owns 3,793,022 shares of the company’s stock, valued at $99,187,525.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Antero Resources news, insider Sheri Pearce sold 28,009 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $26.29, for a total transaction of $736,356.61. Following the completion of the sale, the insider now owns 106,698 shares in the company, valued at $2,805,090.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director W Howard Keenan, Jr. sold 206,978 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $26.15, for a total transaction of $5,412,474.70. Following the sale, the director now owns 3,793,022 shares of the company’s stock, valued at approximately $99,187,525.30. The disclosure for this sale can be found here. Insiders have sold 467,280 shares of company stock valued at $12,153,605 over the last ninety days. Corporate insiders own 5.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Barclays assumed coverage on shares of Antero Resources in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $32.00 price objective for the company. StockNews.com upgraded shares of Antero Resources to a “sell” rating in a research note on Friday. Tudor, Pickering, Holt & Co. upgraded shares of Antero Resources from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Wednesday, January 17th. Morgan Stanley upgraded shares of Antero Resources from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $26.00 to $36.00 in a research note on Wednesday, April 17th. Finally, Scotiabank boosted their price objective on shares of Antero Resources from $26.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $30.69.

Antero Resources Company Profile

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.