Antero Resources (NYSE:AR) Posts Earnings Results, Beats Estimates By $0.10 EPS

Antero Resources (NYSE:AR - Get Free Report) posted its quarterly earnings data on Wednesday. The oil and natural gas company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.10, Zacks reports. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.28 billion. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. Antero Resources's quarterly revenue was up 20.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 EPS.

Antero Resources Price Performance

Shares of NYSE AR traded down $0.27 during trading on Monday, reaching $35.49. The company had a trading volume of 4,927,484 shares, compared to its average volume of 4,138,526. Antero Resources has a 52 week low of $24.53 and a 52 week high of $42.63. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35. The business's 50 day moving average price is $36.31 and its 200-day moving average price is $34.88. The stock has a market cap of $11.04 billion, a PE ratio of 110.91 and a beta of 3.08.

Insider Activity at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total value of $7,952,000.00. Following the transaction, the director now owns 1,800,000 shares of the company's stock, valued at approximately $71,568,000. This trade represents a 10.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 6.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AR shares. Raymond James raised their price target on Antero Resources from $44.00 to $60.00 and gave the company a "strong-buy" rating in a research report on Thursday, January 23rd. TD Cowen upgraded shares of Antero Resources from a "hold" rating to a "buy" rating and raised their price objective for the stock from $40.00 to $46.00 in a research note on Tuesday, April 8th. JPMorgan Chase & Co. upped their target price on shares of Antero Resources from $45.00 to $47.00 and gave the company an "overweight" rating in a research note on Thursday, March 13th. Wells Fargo & Company raised their price target on shares of Antero Resources from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 19th. Finally, UBS Group increased their target price on shares of Antero Resources from $39.00 to $44.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $42.44.

About Antero Resources

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.