Capital One Financial Equities Analysts Reduce Earnings Estimates for Antero Resources Co. (NYSE:AR)

Antero Resources Co. (NYSE:AR - Free Report) - Capital One Financial reduced their Q3 2024 earnings per share estimates for Antero Resources in a note issued to investors on Saturday, April 20th. Capital One Financial analyst B. Velie now anticipates that the oil and natural gas company will post earnings per share of $0.17 for the quarter, down from their prior estimate of $0.19. The consensus estimate for Antero Resources' current full-year earnings is $0.26 per share. Capital One Financial also issued estimates for Antero Resources' Q4 2024 earnings at $0.23 EPS.

Several other brokerages have also commented on AR. Mizuho raised their price objective on shares of Antero Resources from $28.00 to $29.00 and gave the stock a "neutral" rating in a report on Wednesday, April 3rd. Barclays started coverage on shares of Antero Resources in a report on Wednesday, April 10th. They issued an "equal weight" rating and a $32.00 price objective for the company. Tudor, Pickering, Holt & Co. upgraded shares of Antero Resources from a "hold" rating to a "buy" rating and set a $32.00 target price for the company in a report on Wednesday, January 17th. Benchmark cut Antero Resources from a "buy" rating to a "hold" rating in a research report on Thursday, February 22nd. Finally, Raymond James boosted their price target on Antero Resources from $28.00 to $32.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $30.69.

Antero Resources Trading Up 2.1 %

Shares of NYSE AR traded up $0.64 during trading hours on Tuesday, hitting $31.01. The company's stock had a trading volume of 5,841,149 shares, compared to its average volume of 4,787,765. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market cap of $9.41 billion, a price-to-earnings ratio of 40.27 and a beta of 3.30. Antero Resources has a 12 month low of $19.91 and a 12 month high of $31.41. The business has a 50-day simple moving average of $27.25 and a 200-day simple moving average of $25.34.

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

Insider Transactions at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 232,293 shares of the company's stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $25.85, for a total value of $6,004,774.05. Following the completion of the sale, the director now directly owns 3,000,000 shares in the company, valued at approximately $77,550,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director W Howard Keenan, Jr. sold 232,293 shares of the company's stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $25.85, for a total value of $6,004,774.05. Following the completion of the transaction, the director now owns 3,000,000 shares of the company's stock, valued at approximately $77,550,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Sheri Pearce sold 28,009 shares of the company's stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total transaction of $736,356.61. Following the completion of the transaction, the insider now directly owns 106,698 shares of the company's stock, valued at approximately $2,805,090.42. The disclosure for this sale can be found here. Insiders sold 467,280 shares of company stock worth $12,153,605 in the last three months. Corporate insiders own 5.95% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Louisiana State Employees Retirement System boosted its holdings in shares of Antero Resources by 2.5% during the 1st quarter. Louisiana State Employees Retirement System now owns 81,300 shares of the oil and natural gas company's stock valued at $2,358,000 after purchasing an additional 2,000 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of Antero Resources by 9.3% during the 1st quarter. Amalgamated Bank now owns 192,168 shares of the oil and natural gas company's stock valued at $5,573,000 after purchasing an additional 16,375 shares during the last quarter. Gradient Investments LLC boosted its holdings in shares of Antero Resources by 15.5% during the 1st quarter. Gradient Investments LLC now owns 17,862 shares of the oil and natural gas company's stock valued at $518,000 after purchasing an additional 2,397 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Antero Resources by 1.0% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 211,204 shares of the oil and natural gas company's stock valued at $6,125,000 after purchasing an additional 2,072 shares during the last quarter. Finally, Drive Wealth Management LLC bought a new position in shares of Antero Resources during the 1st quarter valued at about $303,000. 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.