Q1 2024 EPS Estimates for Antero Resources Co. Decreased by Analyst (NYSE:AR)

Antero Resources Co. (NYSE:AR - Free Report) - Zacks Research dropped their Q1 2024 earnings estimates for Antero Resources in a research report issued to clients and investors on Wednesday, April 24th. Zacks Research analyst A. Kanoria now expects that the oil and natural gas company will post earnings of $0.04 per share for the quarter, down from their prior estimate of $0.06. The consensus estimate for Antero Resources' current full-year earnings is $0.34 per share. Zacks Research also issued estimates for Antero Resources' Q2 2024 earnings at $0.04 EPS, Q3 2024 earnings at $0.08 EPS, Q4 2024 earnings at $0.28 EPS, FY2024 earnings at $0.45 EPS, Q1 2025 earnings at $0.67 EPS, Q2 2025 earnings at $0.43 EPS, Q1 2026 earnings at $0.86 EPS and FY2026 earnings at $3.19 EPS.

AR has been the topic of a number of other reports. Mizuho lifted their price objective on shares of Antero Resources from $28.00 to $29.00 and gave the company a "neutral" rating in a research note on Wednesday, April 3rd. Morgan Stanley raised shares of Antero Resources from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $26.00 to $36.00 in a research note on Wednesday, April 17th. Raymond James boosted their target price on shares of Antero Resources from $28.00 to $32.00 and gave the stock a "strong-buy" rating in a research note on Wednesday, January 24th. JPMorgan Chase & Co. boosted their target price on shares of Antero Resources from $30.00 to $32.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 27th. Finally, Scotiabank boosted their target price 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 equities research analyst has rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Antero Resources has a consensus rating of "Hold" and an average price target of $30.69.

Antero Resources Price Performance

NYSE:AR traded up $1.94 during mid-day trading on Thursday, reaching $33.38. The stock had a trading volume of 10,083,909 shares, compared to its average volume of 4,885,028. The stock has a 50-day simple moving average of $27.45 and a two-hundred day simple moving average of $25.38. The stock has a market capitalization of $10.13 billion, a PE ratio of 43.23 and a beta of 3.30. 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 12 month low of $19.91 and a 12 month high of $33.61.

Antero Resources (NYSE:AR - Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. 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). The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.06 billion. Antero Resources had a net margin of 5.19% and a return on equity of 2.10%. The business's revenue was down 20.3% compared to the same quarter last year. During the same period last year, the business earned $0.48 earnings per share.

Insider Buying and Selling

In related 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 value of $736,356.61. Following the transaction, the insider now owns 106,698 shares in the company, valued at $2,805,090.42. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, 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 value of $5,412,474.70. Following the transaction, the director now owns 3,793,022 shares in the company, valued at $99,187,525.30. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, 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 transaction, the insider now owns 106,698 shares in the company, valued at approximately $2,805,090.42. The disclosure for this sale can be found here. Insiders have sold a total of 467,280 shares of company stock valued at $12,153,605 over the last 90 days. 5.95% of the stock is owned by insiders.

Hedge Funds Weigh In On Antero Resources

Several institutional investors have recently made changes to their positions in AR. Wellington Management Group LLP raised its holdings in shares of Antero Resources by 55.5% during the third quarter. Wellington Management Group LLP now owns 7,881,657 shares of the oil and natural gas company's stock valued at $200,036,000 after purchasing an additional 2,814,127 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Antero Resources by 28.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,659,033 shares of the oil and natural gas company's stock worth $128,352,000 after acquiring an additional 1,253,510 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new stake in shares of Antero Resources in the 1st quarter worth about $35,734,000. Bank of New York Mellon Corp raised its holdings in shares of Antero Resources by 34.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,826,549 shares of the oil and natural gas company's stock worth $97,118,000 after acquiring an additional 982,384 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Antero Resources by 129.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,508,156 shares of the oil and natural gas company's stock worth $34,205,000 after acquiring an additional 850,940 shares during the last quarter. Institutional investors and hedge funds 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.