Antero Resources (AR) to Release Quarterly Earnings on Wednesday

Antero Resources (NYSE:AR - Get Free Report) is set to post its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect Antero Resources to post earnings of $0.01 per share for the quarter. Parties interested in registering for the company's conference call can do so using this link.

Antero Resources (NYSE:AR - Get Free Report) last announced its earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.18 by $0.04. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.17 billion. Antero Resources had a net margin of 5.19% and a return on equity of 2.10%. On average, analysts expect Antero Resources to post $0 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Antero Resources Stock Up 0.1 %

Shares of AR stock traded up $0.04 on Wednesday, hitting $29.16. The stock had a trading volume of 3,861,723 shares, compared to its average volume of 4,793,455. Antero Resources has a 12-month low of $19.91 and a 12-month high of $30.90. The business has a 50 day moving average of $26.41 and a 200 day moving average of $25.15. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market cap of $8.85 billion, a price-to-earnings ratio of 38.31 and a beta of 3.30.

Insider Buying and Selling

In other news, Director W Howard Keenan, Jr. sold 232,293 shares of the stock in a transaction dated 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 sale, the director now 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 available through this link. In related news, Director W Howard Keenan, Jr. sold 232,293 shares of the stock in a transaction dated 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 is available at the SEC website. Also, Director W Howard Keenan, Jr. sold 206,978 shares of the stock in a transaction dated 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 directly owns 3,793,022 shares of the company's stock, valued at $99,187,525.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 467,280 shares of company stock worth $12,153,605. Corporate insiders own 5.95% of the company's stock.

Institutional Trading of Antero Resources

A number of hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of Antero Resources by 11.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 142,404 shares of the oil and natural gas company's stock valued at $3,230,000 after purchasing an additional 14,200 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Antero Resources by 2.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 118,427 shares of the oil and natural gas company's stock valued at $2,686,000 after acquiring an additional 3,236 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Antero Resources by 7.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 14,668 shares of the oil and natural gas company's stock valued at $333,000 after acquiring an additional 964 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Antero Resources by 2.2% during the 4th quarter. Legal & General Group Plc now owns 571,368 shares of the oil and natural gas company's stock valued at $12,959,000 after acquiring an additional 12,377 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake 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 period. Institutional investors and hedge funds own 83.04% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AR. Scotiabank lifted their target price on shares of Antero Resources from $26.00 to $36.00 and gave the company a "sector perform" rating in a research report on Thursday, April 11th. Morgan Stanley raised shares of Antero Resources from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $26.00 to $36.00 in a research note on Wednesday. Truist Financial decreased their price target on shares of Antero Resources from $28.00 to $27.00 and set a "hold" rating on the stock in a research note on Friday, April 5th. Tudor, Pickering, Holt & Co. raised 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 note on Wednesday, January 17th. Finally, Mizuho lifted their target price on shares of Antero Resources from $28.00 to $29.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $30.69.

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.