Antero Resources (NYSE:AR) Releases Earnings Results, Misses Estimates By $0.14 EPS

Key Points

• Antero Resources reported quarterly EPS of $0.83, missing analysts’ $0.97 estimate by $0.14. Revenue totaled $1.56 billion, slightly below the $1.57 billion consensus.
• Shares traded at $42.01 after declining $0.09, with a $12.91 billion market capitalization and a 52-week range of $29.10 to $45.75.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $48.11; recent targets range from $45 to $57.

Antero Resources (NYSE:AR - Get Free Report) released its quarterly earnings results on Wednesday. The oil and natural gas company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.14), reports. Antero Resources had a net margin of 17.68% and a return on equity of 9.02%. The firm had revenue of $1.56 billion for the quarter, compared to analysts' expectations of $1.57 billion.

Antero Resources Stock Performance

AR traded down $0.09 on Wednesday, hitting $42.01. 6,814,357 shares of the stock traded hands, compared to its average volume of 5,079,194. The firm has a market capitalization of $12.91 billion, a PE ratio of 12.07 and a beta of 0.54. Antero Resources has a 52 week low of $29.10 and a 52 week high of $45.75. The business has a fifty day moving average price of $37.30 and a two-hundred day moving average price of $36.60. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.29.

Analysts Set New Price Targets

AR has been the topic of a number of research reports. Jefferies Financial Group decreased their target price on shares of Antero Resources from $60.00 to $56.00 and set a "buy" rating on the stock in a research note on Friday, October 2nd. Wells Fargo & Company increased their price target on shares of Antero Resources from $52.00 to $57.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Raymond James Financial lifted their price objective on Antero Resources from $50.00 to $55.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, September 1st. JPMorgan Chase & Co. dropped their price target on Antero Resources from $49.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, July 8th. Finally, Citigroup cut their target price on Antero Resources from $53.00 to $45.00 and set a "buy" rating on the stock in a research report on Monday, August 3rd. Five investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $48.11.

About Antero Resources

Antero Resources Corporation is an independent energy company engaged in the development, production, exploration and acquisition of natural gas, natural gas liquids (NGLs) and oil. The company's operations are focused primarily on the Appalachian Basin in the United States.

Antero Resources holds extensive interests in the Marcellus and Utica shale formations, with drilling and production activities concentrated in West Virginia and Ohio. Its product portfolio includes natural gas, ethane, propane, butane, natural gasoline and oil or condensate, which are marketed to domestic and international energy customers.

Founded in 2002 and headquartered in Denver, Colorado, Antero Resources became a publicly traded company in 2013.

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