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

Antero Resources Co. (NYSE:AR) – Investment analysts at Zacks Research decreased their Q3 2024 earnings per share estimates for shares of Antero Resources in a research report issued on Monday, May 6th. Zacks Research analyst N. Banerjee now forecasts that the oil and natural gas company will post earnings per share of $0.06 for the quarter, down from their previous forecast 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) last released its quarterly earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.17 billion. Antero Resources had a return on equity of 0.18% and a net margin of 1.50%.

Several other equities research analysts have also issued reports on AR. Morgan Stanley raised Antero Resources from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $26.00 to $36.00 in a research report on Wednesday, April 17th. Wells Fargo & Company lifted their price objective on shares of Antero Resources from $35.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. Tudor, Pickering, Holt & Co. raised shares of Antero Resources from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Wednesday, January 17th. JPMorgan Chase & Co. lifted their price target on shares of Antero Resources from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, March 27th. Finally, StockNews.com raised Antero Resources to a “sell” rating in a report on Friday, April 26th. One 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $32.08.

Antero Resources Price Performance

AR opened at $34.02 on Wednesday. The firm’s fifty day moving average price is $29.23 and its two-hundred day moving average price is $25.79. The company has a market capitalization of $10.57 billion, a price-to-earnings ratio of 170.08 and a beta of 3.27. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. Antero Resources has a 1 year low of $19.91 and a 1 year high of $34.99.

Insider Activity

In other Antero Resources news, Director W Howard Keenan, Jr. sold 206,978 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $26.15, for a total value of $5,412,474.70. Following the completion of the sale, the director now owns 3,793,022 shares in the company, valued at approximately $99,187,525.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Antero Resources news, insider Sheri Pearce sold 28,009 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total value of $736,356.61. Following the completion of the transaction, the insider now owns 106,698 shares in the company, valued at $2,805,090.42. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director W Howard Keenan, Jr. sold 206,978 shares of the stock in a transaction dated Tuesday, March 12th. The stock was 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 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 ninety days, insiders sold 477,280 shares of company stock valued at $12,490,305. Insiders own 5.95% of the company’s stock.

Institutional Investors Weigh In On Antero Resources

Institutional investors have recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. increased its position in shares of Antero Resources by 11.3% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,384 shares of the oil and natural gas company’s stock valued at $98,000 after acquiring an additional 343 shares in the last quarter. Lindbrook Capital LLC increased its holdings in shares of Antero Resources by 35.1% in the 1st quarter. Lindbrook Capital LLC now owns 1,998 shares of the oil and natural gas company’s stock worth $58,000 after purchasing an additional 519 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Antero Resources by 28.0% in the fourth quarter. Quadrant Capital Group LLC now owns 2,752 shares of the oil and natural gas company’s stock worth $62,000 after purchasing an additional 602 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Antero Resources by 17.0% during the third quarter. Fifth Third Bancorp now owns 5,362 shares of the oil and natural gas company’s stock valued at $136,000 after purchasing an additional 781 shares in the last quarter. Finally, Fund 1 Investments LLC boosted its position in shares of Antero Resources by 2.0% during the fourth quarter. Fund 1 Investments LLC now owns 40,800 shares of the oil and natural gas company’s stock valued at $925,000 after buying an additional 800 shares during the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

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.