Q2 2024 EPS Estimates for Antero Resources Co. (NYSE:AR) Decreased by Zacks Research

Antero Resources Co. (NYSE:AR) – Research analysts at Zacks Research reduced their Q2 2024 earnings per share estimates for Antero Resources in a report released on Monday, May 6th. Zacks Research analyst N. Banerjee now expects that the oil and natural gas company will post earnings of ($0.16) per share for the quarter, down from their previous forecast of $0.04. The consensus estimate for Antero Resources’ current full-year earnings is $0.33 per share. Zacks Research also issued estimates for Antero Resources’ Q4 2024 earnings at $0.23 EPS, FY2024 earnings at $0.16 EPS, Q2 2025 earnings at $0.36 EPS, Q3 2025 earnings at $0.56 EPS, FY2025 earnings at $2.38 EPS, Q1 2026 earnings at $0.66 EPS and FY2026 earnings at $2.64 EPS.

A number of other equities analysts have also recently issued reports on the company. Benchmark cut Antero Resources from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Scotiabank lifted their target price on shares of Antero Resources from $36.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 30th. JPMorgan Chase & Co. boosted their price objective on shares of Antero Resources from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, March 27th. Raymond James upped their price objective on shares of Antero Resources from $28.00 to $32.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, January 24th. Finally, Tudor, Pickering, Holt & Co. raised shares of 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Antero Resources has a consensus rating of “Hold” and an average target price of $32.08.

Antero Resources Trading Down 1.0 %

AR opened at $34.02 on Thursday. The stock has a market cap of $10.57 billion, a PE ratio of 170.08 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 company has a fifty day moving average of $29.23 and a 200-day moving average of $25.79.

Antero Resources (NYSE:AR) last announced its earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.18 by $0.04. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. Antero Resources had a return on equity of 0.18% and a net margin of 1.50%.

Hedge Funds Weigh In On Antero Resources

A number of large investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC increased its position in shares of Antero Resources by 49.5% during the third quarter. Commonwealth Equity Services LLC now owns 81,591 shares of the oil and natural gas company’s stock worth $2,071,000 after purchasing an additional 27,005 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Antero Resources by 166.9% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 46,651 shares of the oil and natural gas company’s stock valued at $1,184,000 after acquiring an additional 29,172 shares during the period. Bank of New York Mellon Corp lifted its position in Antero Resources by 34.5% during the third quarter. Bank of New York Mellon Corp now owns 3,826,549 shares of the oil and natural gas company’s stock valued at $97,118,000 after purchasing an additional 982,384 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Antero Resources by 21.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,876 shares of the oil and natural gas company’s stock valued at $1,444,000 after buying an additional 9,929 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of Antero Resources by 17.0% in the third quarter. Fifth Third Bancorp now owns 5,362 shares of the oil and natural gas company’s stock worth $136,000 after buying an additional 781 shares during the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Insider Activity

In related news, Director Robert J. Clark sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $33.67, for a total value of $336,700.00. Following the transaction, the director now owns 69,963 shares of the company’s stock, valued at $2,355,654.21. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Robert J. Clark sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $33.67, for a total value of $336,700.00. Following the transaction, the director now owns 69,963 shares of the company’s stock, valued at $2,355,654.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director W Howard Keenan, Jr. sold 206,978 shares of the business’s stock in a transaction on 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 sale, the director now owns 3,793,022 shares in the company, valued at approximately $99,187,525.30. The disclosure for this sale can be found here. Insiders have sold a total of 477,280 shares of company stock valued at $12,490,305 in the last 90 days. 5.95% of the stock is currently owned by insiders.

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.