Antero Resources (AR) Scheduled to Post Earnings on Wednesday

Antero Resources (NYSE:AR) will release its earnings data after the market closes on Wednesday, April 24th. Analysts expect Antero Resources to post earnings of $0.00 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Antero Resources (NYSE:AR) last released its earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.04. Antero Resources had a net margin of 5.19% and a return on equity of 2.10%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.17 billion. On average, analysts expect Antero Resources to post $0 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Antero Resources Price Performance

AR opened at $29.29 on Monday. The company’s 50 day simple moving average is $26.87 and its 200 day simple moving average is $25.26. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.33 and a current ratio of 0.33. Antero Resources has a 1 year low of $19.91 and a 1 year high of $30.90. The stock has a market capitalization of $8.89 billion, a PE ratio of 38.04 and a beta of 3.30.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on AR shares. Scotiabank raised their target price on shares of Antero Resources from $26.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Tudor, Pickering, Holt & Co. raised shares of Antero Resources from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Wednesday, January 17th. Wells Fargo & Company raised their target price on shares of Antero Resources from $26.00 to $29.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 21st. Raymond James lifted 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, Benchmark cut shares of Antero Resources from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $30.69.

Insider Activity

In other news, insider Sheri Pearce sold 28,009 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $26.29, for a total transaction of $736,356.61. Following the completion of the transaction, the insider now owns 106,698 shares in the company, valued at approximately $2,805,090.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Antero Resources news, insider Sheri Pearce sold 28,009 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $26.29, for a total value of $736,356.61. Following the completion of the transaction, the insider now directly owns 106,698 shares in the company, valued at $2,805,090.42. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director W Howard Keenan, Jr. sold 206,978 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $26.15, for a total transaction of $5,412,474.70. Following the completion of the transaction, the director now owns 3,793,022 shares of the company’s stock, valued at $99,187,525.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 467,280 shares of company stock worth $12,153,605. Corporate insiders own 5.95% of the company’s stock.

Institutional Trading of Antero Resources

Hedge funds have recently made changes to their positions in the stock. Belpointe Asset Management LLC lifted its position in shares of Antero Resources by 195.2% in the first quarter. Belpointe Asset Management LLC now owns 1,553 shares of the oil and natural gas company’s stock worth $36,000 after purchasing an additional 1,027 shares in the last quarter. US Bancorp DE lifted its position in shares of Antero Resources by 3,532.9% in the first quarter. US Bancorp DE now owns 2,543 shares of the oil and natural gas company’s stock worth $78,000 after purchasing an additional 2,473 shares in the last quarter. Resurgent Financial Advisors LLC purchased a new stake in shares of Antero Resources in the fourth quarter worth approximately $93,000. State of Wyoming bought a new position in Antero Resources during the fourth quarter valued at approximately $93,000. Finally, Altshuler Shaham Ltd bought a new position in Antero Resources during the fourth quarter valued at approximately $108,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

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.