Zacks Research Cuts Earnings Estimates for Antero Resources

Key Points

• Zacks Research cut its Q3 2026 earnings estimate for Antero Resources to $0.95 per share from $0.98, while maintaining a Hold rating on the stock.
• The firm’s broader outlook was mixed: it also lowered estimates for FY2026 and several later quarters, pointing to some near- and medium-term earnings pressure.
• Despite the downgrade, Wall Street sentiment remains fairly constructive overall, with the stock carrying an average “Moderate Buy” rating and a consensus price target of $50.06, above its recent price of $35.81.

Antero Resources Corporation (NYSE:AR - Free Report) - Zacks Research cut their Q3 2026 earnings estimates for Antero Resources in a research report issued on Wednesday, May 27th. Zacks Research analyst Team now forecasts that the oil and natural gas company will post earnings of $0.95 per share for the quarter, down from their prior forecast of $0.98. Zacks Research has a "Hold" rating on the stock. The consensus estimate for Antero Resources' current full-year earnings is $4.18 per share. Zacks Research also issued estimates for Antero Resources' Q4 2026 earnings at $1.06 EPS, FY2026 earnings at $3.94 EPS, Q3 2027 earnings at $0.93 EPS, Q4 2027 earnings at $1.04 EPS, FY2027 earnings at $3.83 EPS, Q1 2028 earnings at $0.78 EPS and FY2028 earnings at $3.63 EPS.

Other analysts have also recently issued reports about the stock. Wells Fargo & Company lifted their target price on shares of Antero Resources from $49.00 to $52.00 and gave the company an "overweight" rating in a research note on Friday, February 13th. Roth Mkm reiterated a "neutral" rating and issued a $38.00 target price on shares of Antero Resources in a research note on Thursday, April 30th. TD Cowen upgraded shares of Antero Resources to a "strong-buy" rating in a research note on Monday, February 9th. Weiss Ratings upgraded shares of Antero Resources from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, May 13th. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $57.00 target price on shares of Antero Resources in a research note on Friday, May 1st. Four equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $50.06.

Antero Resources Price Performance

NYSE AR opened at $35.81 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $11.10 billion, a PE ratio of 11.63 and a beta of 0.36. The company has a 50 day moving average price of $38.91 and a two-hundred day moving average price of $36.36. Antero Resources has a 12-month low of $29.10 and a 12-month high of $45.75.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AR. Assenagon Asset Management S.A. lifted its position in Antero Resources by 177.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,611,248 shares of the oil and natural gas company's stock worth $153,261,000 after acquiring an additional 2,309,388 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in Antero Resources during the 3rd quarter valued at $77,294,000. Massachusetts Financial Services Co. MA raised its stake in Antero Resources by 111.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,988,300 shares of the oil and natural gas company's stock valued at $137,437,000 after purchasing an additional 2,099,755 shares during the last quarter. AQR Capital Management LLC raised its stake in Antero Resources by 140.2% during the 3rd quarter. AQR Capital Management LLC now owns 3,467,536 shares of the oil and natural gas company's stock valued at $116,371,000 after purchasing an additional 2,023,828 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Antero Resources by 31.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,970,390 shares of the oil and natural gas company's stock valued at $267,485,000 after purchasing an additional 1,922,977 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company's stock.

Insiders Place Their Bets

In other Antero Resources news, insider Michael N. Kennedy sold 185,826 shares of the business's stock in a transaction on Monday, May 4th. The shares were sold at an average price of $39.33, for a total transaction of $7,308,536.58. Following the completion of the transaction, the insider owned 1,085,192 shares of the company's stock, valued at $42,680,601.36. The trade was a 14.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yvette K. Schultz sold 39,490 shares of the business's stock in a transaction on Monday, May 4th. The stock was sold at an average price of $39.27, for a total transaction of $1,550,772.30. Following the transaction, the insider directly owned 277,665 shares of the company's stock, valued at approximately $10,903,904.55. This represents a 12.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 252,316 shares of company stock valued at $9,977,259 in the last quarter. Insiders own 6.30% of the company's stock.

Antero Resources News Roundup

Here are the key news stories impacting Antero Resources this week:

• Positive Sentiment: Mizuho raised its price target on Antero Resources NYSE: AR from $50 to $54 and kept an Outperform rating, implying meaningful upside from the current share price. Article Title
• Positive Sentiment: Zacks Research lifted estimates for several periods, including Q2 2026, Q1 2027, Q2 2027, Q1 2028, and FY2028, which suggests improving earnings expectations over the longer term.
• Positive Sentiment: One bullish Seeking Alpha article highlighted a projection for over $1.7 billion in 2026 free cash flow, which can support investor confidence in capital returns and balance-sheet strength. Article Title
• Neutral Sentiment: Zacks Research still rates the stock Hold, so the analyst revisions are not a strong outright endorsement despite some estimate increases.
• Negative Sentiment: Zacks Research also cut estimates for FY2026, Q3 2026, Q4 2026, Q3 2027, Q4 2027, and FY2027, signaling near- and medium-term earnings pressure.

About Antero Resources

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company's operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero's portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.

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