SunTrust Banks Analysts Raise Earnings Estimates for Antero Resources Corp (AR)
Antero Resources Corp (NYSE:AR) – SunTrust Banks increased their Q2 2017 EPS estimates for shares of Antero Resources Corp in a report released on Wednesday. SunTrust Banks analyst N. Dingmann now anticipates that the oil and natural gas company will post earnings per share of ($0.02) for the quarter, up from their previous forecast of ($0.04). SunTrust Banks also issued estimates for Antero Resources Corp’s Q3 2017 earnings at $0.03 EPS, Q4 2017 earnings at $0.09 EPS and FY2017 earnings at $0.19 EPS.
Antero Resources Corp (NYSE:AR) last announced its earnings results on Monday, May 8th. The oil and natural gas company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.17. The firm had revenue of $801.65 million during the quarter, compared to analysts’ expectations of $762.70 million. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.17 earnings per share. TRADEMARK VIOLATION WARNING: This piece was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/05/26/suntrust-banks-analysts-raise-earnings-estimates-for-antero-resources-corp-ar.html.
A number of other brokerages have also recently commented on AR. Scotiabank reissued a “buy” rating and set a $34.00 target price on shares of Antero Resources Corp in a report on Monday, February 6th. Credit Suisse Group AG reissued a “buy” rating on shares of Antero Resources Corp in a report on Sunday, February 5th. KLR Group reaffirmed a “buy” rating and issued a $35.00 price target on shares of Antero Resources Corp in a report on Wednesday, March 1st. Guggenheim raised Antero Resources Corp from a “neutral” rating to a “buy” rating and set a $34.00 price target for the company in a report on Thursday, March 16th. Finally, Zacks Investment Research raised Antero Resources Corp from a “hold” rating to a “strong-buy” rating and set a $27.00 price target for the company in a report on Monday, March 13th. Eight research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $32.55.
Antero Resources Corp (NYSE:AR) opened at 21.21 on Friday. Antero Resources Corp has a 12 month low of $20.17 and a 12 month high of $30.50. The stock’s market capitalization is $6.69 billion. The firm has a 50-day moving average price of $21.65 and a 200 day moving average price of $23.87.
In other news, insider Paul M. Rady purchased 500,000 shares of the stock in a transaction dated Wednesday, May 17th. The stock was acquired at an average cost of $21.11 per share, for a total transaction of $10,555,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 10.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AR. SailingStone Capital Partners LLC raised its position in Antero Resources Corp by 4.5% in the fourth quarter. SailingStone Capital Partners LLC now owns 24,868,206 shares of the oil and natural gas company’s stock worth $588,133,000 after buying an additional 1,059,662 shares during the period. Vanguard Group Inc. raised its position in Antero Resources Corp by 4.9% in the first quarter. Vanguard Group Inc. now owns 16,668,954 shares of the oil and natural gas company’s stock worth $380,218,000 after buying an additional 778,962 shares during the period. Brave Warrior Advisors LLC raised its position in Antero Resources Corp by 9.8% in the first quarter. Brave Warrior Advisors LLC now owns 10,593,829 shares of the oil and natural gas company’s stock worth $241,645,000 after buying an additional 946,603 shares during the period. Temasek Holdings Private Ltd bought a new position in Antero Resources Corp during the fourth quarter worth about $230,720,000. Finally, BlackRock Inc. raised its position in Antero Resources Corp by 2,440.4% in the first quarter. BlackRock Inc. now owns 8,550,873 shares of the oil and natural gas company’s stock worth $195,044,000 after buying an additional 8,214,276 shares during the period. Hedge funds and other institutional investors own 86.83% of the company’s stock.
About Antero Resources Corp
Antero Resources Corporation is an oil and natural gas company. The Company is engaged in the exploration, development and acquisition of natural gas, natural gas liquids (NGLs) and oil properties located in the Appalachian Basin. The Company’s segments include the exploration, development and production of natural gas, NGLs and oil; gathering and processing; water handling and treatment, and marketing of excess firm transportation capacity.
Receive News & Ratings for Antero Resources Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Antero Resources Corp and related companies with MarketBeat.com's FREE daily email newsletter.