Antero Resources (NYSE:AR) Issues Earnings Results, Misses Estimates By $0.01 EPS

Antero Resources (NYSE:AR) released its earnings results on Wednesday. The oil and natural gas company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01), Yahoo Finance reports. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.06 billion. Antero Resources had a return on equity of 2.10% and a net margin of 5.19%. The firm’s revenue for the quarter was down 20.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.48 earnings per share.

Antero Resources Stock Performance

NYSE AR traded up $1.37 during trading hours on Thursday, hitting $32.81. The company’s stock had a trading volume of 3,892,430 shares, compared to its average volume of 4,806,190. The company’s 50 day simple moving average is $27.45 and its two-hundred day simple moving average is $25.38. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market cap of $9.96 billion, a P/E ratio of 42.27 and a beta of 3.30. Antero Resources has a 12 month low of $19.91 and a 12 month high of $32.89.

Insider Buying and Selling

In other news, insider Sheri Pearce sold 28,009 shares of the company’s 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 sale, the insider now directly owns 106,698 shares in the company, valued at approximately $2,805,090.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Sheri Pearce sold 28,009 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $26.29, for a total transaction of $736,356.61. Following the sale, the insider now directly owns 106,698 shares in the company, valued at approximately $2,805,090.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Howard Keenan, Jr. sold 206,978 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 3,793,022 shares of the company’s stock, valued at approximately $99,187,525.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 467,280 shares of company stock worth $12,153,605. 5.95% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AR. Morgan Stanley upgraded Antero Resources from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $26.00 to $36.00 in a research report on Wednesday, April 17th. Tudor, Pickering, Holt & Co. upgraded shares of Antero Resources from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Wednesday, January 17th. Truist Financial decreased their price objective on shares of Antero Resources from $28.00 to $27.00 and set a “hold” rating for the company in a research report on Friday, April 5th. Raymond James upped their price target on shares of Antero Resources from $28.00 to $32.00 and gave the company a “strong-buy” rating in a research report on Wednesday, January 24th. Finally, Barclays initiated coverage on Antero Resources in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $32.00 price objective on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $30.69.

About Antero Resources

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.