Zacks Research Brokers Increase Earnings Estimates for Antero Resources Co. (NYSE:AR)

Antero Resources Co. (NYSE:AR) – Investment analysts at Zacks Research upped their Q2 2024 earnings per share estimates for shares of Antero Resources in a research note issued on Tuesday, March 26th. Zacks Research analyst D. Bhowal now anticipates that the oil and natural gas company will post earnings per share of $0.03 for the quarter, up from their previous estimate of $0.01. The consensus estimate for Antero Resources’ current full-year earnings is $0.66 per share. Zacks Research also issued estimates for Antero Resources’ Q3 2024 earnings at $0.10 EPS, Q4 2024 earnings at $0.34 EPS, FY2024 earnings at $0.52 EPS, Q2 2025 earnings at $0.52 EPS, Q3 2025 earnings at $0.74 EPS, Q4 2025 earnings at $0.71 EPS and FY2025 earnings at $2.73 EPS.

Several other analysts have also commented on AR. Tudor, Pickering, Holt & Co. raised Antero Resources from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Wednesday, January 17th. Benchmark lowered Antero Resources from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. JPMorgan Chase & Co. boosted their price target on Antero Resources from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday. Raymond James boosted their price target on Antero Resources from $28.00 to $32.00 and gave the company a “strong-buy” rating in a report on Wednesday, January 24th. Finally, Mizuho boosted their price target on Antero Resources from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Friday, March 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Antero Resources currently has a consensus rating of “Hold” and a consensus price target of $29.09.

Antero Resources Stock Up 5.2 %

Antero Resources stock opened at $28.73 on Thursday. The firm has a market cap of $8.72 billion, a price-to-earnings ratio of 37.31 and a beta of 3.30. The stock has a fifty day simple moving average of $24.34 and a two-hundred day simple moving average of $24.77. Antero Resources has a 12 month low of $19.91 and a 12 month high of $30.90. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR) last announced its quarterly earnings data 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 analysts’ expectations of $1.17 billion. Antero Resources had a return on equity of 2.10% and a net margin of 5.19%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AR. Hennessy Advisors Inc. grew its stake in Antero Resources by 21.5% in the fourth quarter. Hennessy Advisors Inc. now owns 41,200 shares of the oil and natural gas company’s stock worth $934,000 after purchasing an additional 7,300 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Antero Resources by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 27,694,160 shares of the oil and natural gas company’s stock worth $628,104,000 after buying an additional 173,378 shares during the period. Wellington Management Group LLP lifted its holdings in Antero Resources by 33.7% during the fourth quarter. Wellington Management Group LLP now owns 10,537,261 shares of the oil and natural gas company’s stock worth $238,985,000 after buying an additional 2,655,604 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Antero Resources by 11.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 142,404 shares of the oil and natural gas company’s stock worth $3,230,000 after buying an additional 14,200 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its holdings in Antero Resources by 2.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 118,427 shares of the oil and natural gas company’s stock worth $2,686,000 after buying an additional 3,236 shares during the period. Institutional investors own 83.04% of the company’s stock.

Insider Buying and Selling

In other Antero Resources news, Director W Howard Keenan, Jr. sold 232,293 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $25.85, for a total transaction of $6,004,774.05. Following the sale, the director now directly owns 3,000,000 shares of the company’s stock, valued at $77,550,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director W Howard Keenan, Jr. sold 232,293 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $25.85, for a total transaction of $6,004,774.05. Following the transaction, the director now owns 3,000,000 shares of the company’s stock, valued at $77,550,000. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director W Howard Keenan, Jr. sold 206,978 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $26.15, for a total value of $5,412,474.70. Following the transaction, the director now directly owns 3,793,022 shares in the company, valued at approximately $99,187,525.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 467,280 shares of company stock worth $12,153,605. Corporate insiders own 5.95% of the company’s stock.

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.