Antero Resources Co. (NYSE:AR) to Post Q3 2024 Earnings of $0.09 Per Share, Zacks Research Forecasts

Antero Resources Co. (NYSE:AR - Free Report) - Research analysts at Zacks Research dropped their Q3 2024 earnings per share (EPS) estimates for shares of Antero Resources in a report issued on Tuesday, April 2nd. Zacks Research analyst A. Kanoria now expects that the oil and natural gas company will earn $0.09 per share for the quarter, down from their previous forecast of $0.10. The consensus estimate for Antero Resources' current full-year earnings is $0.39 per share. Zacks Research also issued estimates for Antero Resources' FY2024 earnings at $0.48 EPS, Q1 2025 earnings at $0.69 EPS, Q2 2025 earnings at $0.44 EPS, Q3 2025 earnings at $0.68 EPS, Q4 2025 earnings at $0.67 EPS and FY2025 earnings at $2.48 EPS.

Antero Resources (NYSE:AR - Get Free Report) last released its earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.04. Antero Resources had a net margin of 5.19% and a return on equity of 2.10%. The company had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.17 billion.

AR has been the subject of several other reports. Morgan Stanley raised their target price on shares of Antero Resources from $24.00 to $26.00 and gave the company an "equal weight" rating in a research note on Thursday, March 28th. Wells Fargo & Company lifted their target price on Antero Resources from $26.00 to $29.00 and gave the stock an "overweight" rating in a report on Wednesday, February 21st. JPMorgan Chase & Co. increased their price target on Antero Resources from $30.00 to $32.00 and gave the company an "overweight" rating in a research note on Wednesday, March 27th. Benchmark downgraded Antero Resources from a "buy" rating to a "hold" rating in a research note on Thursday, February 22nd. Finally, Raymond James upped their price objective on Antero Resources from $28.00 to $32.00 and gave the stock a "strong-buy" rating in a report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $29.18.

Antero Resources Price Performance

Shares of NYSE AR traded up $0.33 during mid-day trading on Friday, reaching $29.29. The company's stock had a trading volume of 3,460,305 shares, compared to its average volume of 4,915,711. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.33 and a quick ratio of 0.33. Antero Resources has a 52 week low of $19.91 and a 52 week high of $30.90. The stock has a fifty day moving average of $25.19 and a two-hundred day moving average of $24.88. The firm has a market capitalization of $8.89 billion, a PE ratio of 37.86 and a beta of 3.30.

Insider Transactions at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 206,978 shares of the firm'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 completion of the transaction, the director now owns 3,793,022 shares of the company's stock, valued at $99,187,525.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Sheri Pearce sold 28,009 shares of Antero Resources stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total value of $736,356.61. Following the sale, the insider now directly owns 106,698 shares in the company, valued at approximately $2,805,090.42. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director W Howard Keenan, Jr. sold 206,978 shares of the stock in a transaction that occurred 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 transaction, the director now directly 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 sold a total of 467,280 shares of company stock worth $12,153,605 over the last three months. 5.95% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AR. PointState Capital LP acquired a new position in Antero Resources during the first quarter worth $126,793,000. Wellington Management Group LLP lifted its stake in Antero Resources by 55.5% during the 3rd quarter. Wellington Management Group LLP now owns 7,881,657 shares of the oil and natural gas company's stock worth $200,036,000 after acquiring an additional 2,814,127 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Antero Resources by 66.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,323,092 shares of the oil and natural gas company's stock valued at $193,043,000 after acquiring an additional 2,517,137 shares during the period. Renaissance Technologies LLC grew its position in Antero Resources by 83.8% in the 1st quarter. Renaissance Technologies LLC now owns 5,293,239 shares of the oil and natural gas company's stock valued at $122,221,000 after acquiring an additional 2,414,100 shares in the last quarter. Finally, Palo Duro Investment Partners LP purchased a new stake in Antero Resources during the first quarter worth about $45,267,000. Hedge funds and other institutional investors own 83.04% of the company's stock.

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.