$1.23 Billion in Sales Expected for Antero Resources Co. (NYSE:AR) This Quarter

Equities analysts expect Antero Resources Co. (NYSE:AR) to announce sales of $1.23 billion for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Antero Resources’ earnings, with the lowest sales estimate coming in at $1.16 billion and the highest estimate coming in at $1.29 billion. Antero Resources reported sales of $895.34 million in the same quarter last year, which indicates a positive year-over-year growth rate of 37.4%. The business is scheduled to announce its next earnings report on Wednesday, October 27th.

According to Zacks, analysts expect that Antero Resources will report full-year sales of $4.66 billion for the current year, with estimates ranging from $4.01 billion to $5.16 billion. For the next year, analysts expect that the business will report sales of $4.72 billion, with estimates ranging from $4.17 billion to $5.75 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Antero Resources.

Antero Resources (NYSE:AR) last announced its quarterly earnings data on Wednesday, July 28th. The oil and natural gas company reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.08). The company had revenue of $489.37 million during the quarter, compared to the consensus estimate of $1.20 billion. Antero Resources had a negative net margin of 29.70% and a positive return on equity of 3.58%.

A number of equities analysts recently commented on AR shares. Raymond James upgraded Antero Resources from an “outperform” rating to a “strong-buy” rating and upped their target price for the company from $12.00 to $19.00 in a report on Tuesday, July 27th. Royal Bank of Canada started coverage on Antero Resources in a report on Wednesday, June 2nd. They set an “outperform” rating and a $4.25 target price for the company. Mizuho decreased their target price on Antero Resources from $19.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, August 13th. Wells Fargo & Company upped their target price on Antero Resources from $18.00 to $19.00 and gave the company an “overweight” rating in a report on Monday, August 23rd. Finally, Zacks Investment Research cut Antero Resources from a “buy” rating to a “hold” rating and set a $14.00 price target on the stock. in a research note on Tuesday, August 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $12.60.

In other news, Director W Howard Keenan, Jr. sold 265,013 shares of the stock in a transaction on Monday, August 30th. The stock was sold at an average price of $13.84, for a total value of $3,667,779.92. Following the sale, the director now directly owns 329,421 shares of the company’s stock, valued at $4,559,186.64. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director W Howard Keenan, Jr. sold 100,000 shares of the stock in a transaction on Thursday, August 26th. The shares were sold at an average price of $13.05, for a total value of $1,305,000.00. The disclosure for this sale can be found here. Corporate insiders own 9.73% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in AR. BlackRock Inc. lifted its holdings in Antero Resources by 7.5% in the second quarter. BlackRock Inc. now owns 22,218,324 shares of the oil and natural gas company’s stock valued at $333,941,000 after acquiring an additional 1,555,942 shares during the period. FMR LLC lifted its holdings in Antero Resources by 6,962,882.0% in the second quarter. FMR LLC now owns 16,641,527 shares of the oil and natural gas company’s stock valued at $250,122,000 after acquiring an additional 16,641,288 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Antero Resources by 23.8% in the second quarter. Dimensional Fund Advisors LP now owns 11,405,981 shares of the oil and natural gas company’s stock valued at $171,427,000 after acquiring an additional 2,190,243 shares during the period. Geode Capital Management LLC lifted its holdings in Antero Resources by 11.3% in the second quarter. Geode Capital Management LLC now owns 4,771,853 shares of the oil and natural gas company’s stock valued at $71,720,000 after acquiring an additional 483,610 shares during the period. Finally, Northern Trust Corp lifted its holdings in Antero Resources by 8.6% in the second quarter. Northern Trust Corp now owns 3,607,265 shares of the oil and natural gas company’s stock valued at $54,216,000 after acquiring an additional 285,110 shares during the period. 73.20% of the stock is currently owned by institutional investors.

Shares of Antero Resources stock traded down $0.41 during midday trading on Friday, reaching $16.30. 171,660 shares of the company’s stock traded hands, compared to its average volume of 7,634,692. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market cap of $5.12 billion, a PE ratio of -4.73 and a beta of 4.75. The stock has a 50 day moving average of $14.07 and a 200-day moving average of $12.43. Antero Resources has a 12 month low of $2.56 and a 12 month high of $17.85.

Antero Resources Company Profile

Antero Resources Corp. is an independent oil and natural gas company. It engages in the exploration, development, and production of natural gas, NGLs, and oil. The firm focuses on marketing and utilization of excess firm transportation capacity, and equity method investment in Antero Midstream Corporation.

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