Zacks Research Research Analysts Lower Earnings Estimates for Antero Resources Co. (NYSE:AR)

Antero Resources Co. (NYSE:AR) – Equities research analysts at Zacks Research reduced their Q3 2024 earnings per share (EPS) estimates for shares of Antero Resources in a 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 prior 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 earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Antero Resources had a return on equity of 0.18% and a net margin of 1.50%.

A number of other equities research analysts have also weighed in on AR. Raymond James boosted their target price on shares of Antero Resources from $28.00 to $32.00 and gave the company a “strong-buy” rating in a research note on Wednesday, January 24th. StockNews.com raised Antero Resources to a “sell” rating in a report on Friday, April 26th. Morgan Stanley upgraded Antero Resources from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $26.00 to $36.00 in a research note on Wednesday, April 17th. Wells Fargo & Company increased their price objective on shares of Antero Resources from $35.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Finally, Truist Financial decreased their price target on shares of Antero Resources from $28.00 to $27.00 and set a “hold” rating on the stock in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Antero Resources has a consensus rating of “Hold” and an average price target of $32.08.

Antero Resources Price Performance

Shares of AR opened at $34.40 on Wednesday. The company has a market capitalization of $10.69 billion, a P/E ratio of 172.00 and a beta of 3.27. Antero Resources has a twelve month low of $19.91 and a twelve month high of $34.99. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21. The firm has a 50 day moving average of $29.41 and a 200 day moving average of $25.85.

Institutional Investors Weigh In On Antero Resources

Institutional investors have recently bought and sold shares of the company. State Board of Administration of Florida Retirement System grew its stake in shares of Antero Resources by 4.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 229,399 shares of the oil and natural gas company’s stock worth $6,653,000 after acquiring an additional 10,449 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in Antero Resources in the 1st quarter worth approximately $25,288,000. Russell Investments Group Ltd. grew its position in Antero Resources by 30.6% during the 1st quarter. Russell Investments Group Ltd. now owns 155,124 shares of the oil and natural gas company’s stock worth $4,498,000 after purchasing an additional 36,372 shares during the last quarter. Brooklyn Investment Group acquired a new position in Antero Resources during the 1st quarter valued at approximately $268,000. Finally, Sciencast Management LP purchased a new position in shares of Antero Resources in the first quarter worth $209,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director W Howard Keenan, Jr. sold 232,293 shares of the stock in a transaction 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 approximately $77,550,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director W Howard Keenan, Jr. sold 100,000 shares of Antero Resources stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $34.53, for a total value of $3,453,000.00. Following the transaction, the director now directly owns 2,900,000 shares in the company, valued at approximately $100,137,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director W Howard Keenan, Jr. sold 232,293 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $25.85, for a total value of $6,004,774.05. Following the sale, the director now owns 3,000,000 shares of the company’s stock, valued at $77,550,000. The disclosure for this sale can be found here. Insiders have sold 877,280 shares of company stock worth $26,212,305 in the last three months. Corporate insiders own 5.95% of the company’s stock.

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.