Wall Street analysts expect Antero Resources Corporation (NYSE:AR) to post $792.76 million in sales for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Antero Resources Corporation’s earnings, with the highest sales estimate coming in at $869.93 million and the lowest estimate coming in at $733.10 million. Antero Resources Corporation reported sales of $782.88 million in the same quarter last year, which indicates a positive year over year growth rate of 1.3%. The firm is scheduled to announce its next earnings report on Wednesday, October 25th.

On average, analysts expect that Antero Resources Corporation will report full year sales of $792.76 million for the current year, with estimates ranging from $3.05 billion to $3.76 billion. For the next year, analysts expect that the business will report sales of $4.17 billion per share, with estimates ranging from $3.88 billion to $4.46 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Antero Resources Corporation.

Antero Resources Corporation (NYSE:AR) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). The business had revenue of $736.00 million for the quarter, compared to analysts’ expectations of $778.55 million. Antero Resources Corporation had a return on equity of 1.44% and a net margin of 0.48%. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the company earned $0.14 earnings per share.

Several research analysts have recently commented on AR shares. BidaskClub upgraded Antero Resources Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Wolfe Research lowered Antero Resources Corporation from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 15th. BMO Capital Markets reiterated a “buy” rating and issued a $26.00 target price on shares of Antero Resources Corporation in a research report on Thursday, June 22nd. Scotiabank set a $27.00 target price on Antero Resources Corporation and gave the stock a “buy” rating in a research report 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 report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $29.22.

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In other news, insider K. Phil Yoo sold 3,785 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $20.55, for a total value of $77,781.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 9.20% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Antero Resources Corporation by 6.5% during the second quarter. Vanguard Group Inc. now owns 17,760,019 shares of the oil and natural gas company’s stock worth $383,794,000 after purchasing an additional 1,091,065 shares during the period. Brave Warrior Advisors LLC raised its position in shares of Antero Resources Corporation by 9.8% during the first quarter. Brave Warrior Advisors LLC now owns 10,593,829 shares of the oil and natural gas company’s stock worth $241,645,000 after purchasing an additional 946,603 shares during the period. BlackRock Inc. raised its position in shares of Antero Resources Corporation by 18.7% during the second quarter. BlackRock Inc. now owns 10,146,431 shares of the oil and natural gas company’s stock worth $219,264,000 after purchasing an additional 1,595,558 shares during the period. Sound Shore Management Inc. CT raised its position in shares of Antero Resources Corporation by 22.0% during the second quarter. Sound Shore Management Inc. CT now owns 9,406,400 shares of the oil and natural gas company’s stock worth $203,272,000 after purchasing an additional 1,697,858 shares during the period. Finally, State Street Corp raised its position in shares of Antero Resources Corporation by 13.6% during the second quarter. State Street Corp now owns 8,187,581 shares of the oil and natural gas company’s stock worth $176,939,000 after purchasing an additional 978,883 shares during the period. 93.59% of the stock is currently owned by institutional investors.

Shares of Antero Resources Corporation (NYSE:AR) opened at 20.24 on Monday. Antero Resources Corporation has a 52 week low of $18.23 and a 52 week high of $28.30. The firm’s 50-day moving average is $19.91 and its 200-day moving average is $20.91. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 470.70 and a beta of 0.96.

Antero Resources Corporation Company Profile

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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