Zacks: Brokerages Anticipate Antero Resources Corporation (AR) Will Announce Earnings of $0.05 Per Share
Wall Street analysts expect Antero Resources Corporation (NYSE:AR) to announce earnings of $0.05 per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Antero Resources Corporation’s earnings. The lowest EPS estimate is ($0.13) and the highest is $0.19. Antero Resources Corporation reported earnings per share of $0.18 during the same quarter last year, which would suggest a negative year-over-year growth rate of 72.2%. The company is expected to issue its next earnings results on Wednesday, October 25th.
According to Zacks, analysts expect that Antero Resources Corporation will report full-year earnings of $0.31 per share for the current financial year, with EPS estimates ranging from ($0.09) to $0.64. For the next financial year, analysts expect that the company will post earnings of $1.04 per share, with EPS estimates ranging from ($0.01) to $2.30. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Antero Resources Corporation.
Antero Resources Corporation (NYSE:AR) last posted its earnings results on Wednesday, August 2nd. The oil and natural gas company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. Antero Resources Corporation had a net margin of 0.48% and a return on equity of 1.44%. The firm had revenue of $736 million during the quarter, compared to analysts’ expectations of $778.55 million. During the same period in the previous year, the firm posted $0.14 earnings per share. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis.
A number of brokerages have commented on AR. BidaskClub upgraded Antero Resources Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Cowen and Company set a $25.00 target price on Antero Resources Corporation and gave the company a “hold” rating in a research note on Tuesday, July 18th. Wolfe Research downgraded Antero Resources Corporation from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 15th. Scotiabank set a $27.00 target price on Antero Resources Corporation and gave the company a “buy” rating in a research note on Saturday, July 1st. Finally, Zacks Investment Research upgraded Antero Resources Corporation from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $29.07.
Antero Resources Corporation (AR) traded up 0.96% during mid-day trading on Thursday, hitting $19.88. The stock had a trading volume of 3,081,324 shares. Antero Resources Corporation has a 12-month low of $18.23 and a 12-month high of $28.30. The firm has a market cap of $6.27 billion, a PE ratio of 3.58 and a beta of 0.96. The company has a 50-day moving average of $19.93 and a 200-day moving average of $21.63.
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In related news, insider Ward D. Mcneilly sold 24,000 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $22.05, for a total transaction of $529,200.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider K. Phil Yoo sold 3,785 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $20.55, for a total value of $77,781.75. The disclosure for this sale can be found here. 10.80% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in AR. Daiwa Securities Group Inc. raised its holdings in Antero Resources Corporation by 29.4% during the first quarter. Daiwa Securities Group Inc. now owns 4,400 shares of the oil and natural gas company’s stock worth $100,000 after purchasing an additional 1,000 shares in the last quarter. First Quadrant L P CA bought a new stake in Antero Resources Corporation during the first quarter worth approximately $141,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in Antero Resources Corporation by 268.2% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,100 shares of the oil and natural gas company’s stock worth $185,000 after purchasing an additional 5,900 shares in the last quarter. Nomura Holdings Inc. bought a new stake in Antero Resources Corporation during the first quarter worth approximately $204,000. Finally, Sei Investments Co. raised its holdings in Antero Resources Corporation by 174.6% during the first quarter. Sei Investments Co. now owns 9,209 shares of the oil and natural gas company’s stock worth $210,000 after purchasing an additional 5,855 shares in the last quarter. 93.61% of the stock is currently owned by hedge funds and other institutional investors.
About Antero Resources Corporation
Antero Resources Corporation is an oil and natural gas company. The Company is engaged in the exploration, development and acquisition of natural gas, natural gas liquids (NGLs) and oil properties located in the Appalachian Basin. The Company’s segments include the exploration, development and production of natural gas, NGLs and oil; gathering and processing; water handling and treatment, and marketing of excess firm transportation capacity.
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