Antero Resources (NYSE:AR) Posts Earnings Results, Beats Expectations By $0.13 EPS

Antero Resources (NYSE:AR) posted its quarterly earnings results on Wednesday. The oil and natural gas company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.13, FiscalAI reports. Antero Resources had a net margin of 11.73% and a return on equity of 7.51%. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.33 billion.

Antero Resources Stock Performance

AR stock traded up $1.26 during midday trading on Wednesday, reaching $35.06. The company had a trading volume of 6,818,625 shares, compared to its average volume of 6,316,519. The firm has a market capitalization of $10.81 billion, a PE ratio of 18.65 and a beta of 0.55. The stock has a 50 day moving average price of $34.20 and a 200 day moving average price of $33.34. Antero Resources has a fifty-two week low of $29.10 and a fifty-two week high of $44.01. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.17.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AR shares. Roth Mkm restated a “neutral” rating and issued a $36.00 target price on shares of Antero Resources in a research note on Monday, December 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Antero Resources in a report on Monday, December 29th. TD Cowen upgraded Antero Resources to a “strong-buy” rating in a research note on Monday. UBS Group increased their target price on Antero Resources from $40.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Finally, BMO Capital Markets lifted their target price on Antero Resources from $37.00 to $40.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 9th. Three research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Antero Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.60.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC increased its position in Antero Resources by 60.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 17,481 shares of the oil and natural gas company’s stock worth $602,000 after buying an additional 6,596 shares during the period. Illinois Municipal Retirement Fund bought a new position in shares of Antero Resources during the fourth quarter worth about $868,000. Focus Partners Advisor Solutions LLC grew its position in shares of Antero Resources by 10.4% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 25,711 shares of the oil and natural gas company’s stock worth $886,000 after acquiring an additional 2,430 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Antero Resources in the 4th quarter worth about $517,000. Finally, Cerity Partners LLC lifted its position in Antero Resources by 47.5% in the 4th quarter. Cerity Partners LLC now owns 426,948 shares of the oil and natural gas company’s stock valued at $14,713,000 after purchasing an additional 137,550 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

About Antero Resources

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.