Q3 2024 EPS Estimates for Antero Resources Co. (NYSE:AR) Reduced by Analyst

Antero Resources Co. (NYSE:AR - Free Report) - Analysts at Zacks Research dropped their Q3 2024 EPS estimates for shares of Antero Resources in a report released on Monday, May 6th. Zacks Research analyst N. Banerjee now expects that the oil and natural gas company will post earnings per share of $0.06 for the quarter, down from their prior estimate of $0.08. The consensus estimate for Antero Resources' current full-year earnings is $0.33 per share. Zacks Research also issued estimates for Antero Resources' Q1 2025 earnings at $0.62 EPS and Q4 2025 earnings at $0.84 EPS.

Antero Resources (NYSE:AR - Get Free Report) last posted its quarterly 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 return on equity of 0.18% and a net margin of 1.50%. The company had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.17 billion.

Other research analysts have also recently issued research reports about the stock. Scotiabank upped their target price on shares of Antero Resources from $36.00 to $40.00 and gave the company a "sector perform" rating in a report on Tuesday, April 30th. Benchmark cut Antero Resources from a "buy" rating to a "hold" rating in a research report on Thursday, February 22nd. Raymond James raised their price target on Antero Resources from $28.00 to $32.00 and gave the stock a "strong-buy" rating in a research note on Wednesday, January 24th. Wells Fargo & Company boosted their price objective on Antero Resources from $35.00 to $43.00 and gave the company an "overweight" rating in a research note on Tuesday, April 30th. Finally, Tudor, Pickering, Holt & Co. upgraded shares of Antero Resources from a "hold" rating to a "buy" rating and set a $32.00 target price on the stock in a research report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $32.08.

Antero Resources Stock Down 1.0 %

AR traded down $0.34 on Wednesday, reaching $34.02. The company's stock had a trading volume of 3,561,524 shares, compared to its average volume of 4,944,430. The company has a market capitalization of $10.57 billion, a price-to-earnings ratio of 170.10 and a beta of 3.27. Antero Resources has a fifty-two week low of $19.91 and a fifty-two week high of $34.99. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average of $29.06 and a two-hundred day moving average of $25.73.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Antero Resources by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 27,694,160 shares of the oil and natural gas company's stock worth $628,104,000 after buying an additional 173,378 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Antero Resources by 33.7% in the fourth quarter. Wellington Management Group LLP now owns 10,537,261 shares of the oil and natural gas company's stock worth $238,985,000 after purchasing an additional 2,655,604 shares during the period. Bank of New York Mellon Corp increased its stake in Antero Resources by 11.6% during the first quarter. Bank of New York Mellon Corp now owns 8,840,690 shares of the oil and natural gas company's stock valued at $256,380,000 after purchasing an additional 917,338 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Antero Resources by 28.5% during the fourth 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 purchasing an additional 1,253,510 shares during the period. Finally, Eagle Asset Management Inc. lifted its position in shares of Antero Resources by 9.3% in the 4th quarter. Eagle Asset Management Inc. now owns 3,340,434 shares of the oil and natural gas company's stock worth $75,761,000 after buying an additional 285,485 shares during the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Antero Resources

In related news, insider Sheri Pearce sold 28,009 shares of Antero Resources stock in a transaction that occurred 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 in the company, valued at approximately $2,805,090.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Antero Resources news, Director W Howard Keenan, Jr. sold 232,293 shares of the company's stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $25.85, for a total transaction 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 $77,550,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sheri Pearce sold 28,009 shares of the business's 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 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 477,280 shares of company stock valued at $12,490,305 in the last ninety days. Corporate insiders own 5.95% of the company's stock.

Antero Resources Company Profile

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.