Antero Resources (NYSE:AR) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Antero Resources (NYSE:AR - Get Free Report) issued its earnings results on Wednesday. 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), Yahoo Finance reports. 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 firm's revenue for the quarter was down 20.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.48 earnings per share.

Antero Resources Stock Up 6.2 %

NYSE AR traded up $1.94 during trading hours on Thursday, reaching $33.38. 10,083,909 shares of the company's stock traded hands, compared to its average volume of 4,885,028. The firm has a 50-day simple moving average of $27.45 and a 200 day simple moving average of $25.38. Antero Resources has a 52-week low of $19.91 and a 52-week high of $33.61. The firm has a market cap 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.

Insider Activity at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 232,293 shares of the business's stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $25.85, for a total transaction of $6,004,774.05. Following the completion of the transaction, the director now directly owns 3,000,000 shares of the company's stock, valued at $77,550,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Sheri Pearce sold 28,009 shares of Antero Resources stock in a transaction that occurred 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 sale, 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 at this link. Also, Director W Howard Keenan, Jr. sold 232,293 shares of Antero Resources stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $25.85, for a total transaction of $6,004,774.05. Following the sale, the director now owns 3,000,000 shares in the company, valued at approximately $77,550,000. The disclosure for this sale can be found here. Insiders have sold 467,280 shares of company stock valued at $12,153,605 over the last ninety days. Insiders own 5.95% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AR. Wells Fargo & Company raised their target price on shares of Antero Resources from $26.00 to $29.00 and gave the stock an "overweight" rating in a report on Wednesday, February 21st. Truist Financial reduced their price objective on Antero Resources from $28.00 to $27.00 and set a "hold" rating on the stock in a research report on Friday, April 5th. Scotiabank upped their target price on Antero Resources from $26.00 to $36.00 and gave the company a "sector perform" rating in a research report on Thursday, April 11th. Barclays started coverage on Antero Resources in a report on Wednesday, April 10th. They set an "equal weight" rating and a $32.00 price target on the stock. Finally, Mizuho increased their price objective on shares of Antero Resources from $28.00 to $29.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $30.69.

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.