Antero Resources Corp (AR) to Post Q3 2017 Earnings of $0.06 Per Share, KeyCorp Forecasts
Antero Resources Corp (NYSE:AR) – Equities researchers at KeyCorp boosted their Q3 2017 earnings per share estimates for Antero Resources Corp in a research report issued on Wednesday. KeyCorp analyst D. Deckelbaum now forecasts that the oil and natural gas company will earn $0.06 per share for the quarter, up from their prior estimate of $0.02. KeyCorp has a “Buy” rating and a $33.00 price target on the stock. KeyCorp also issued estimates for Antero Resources Corp’s Q4 2017 earnings at $0.14 EPS, FY2017 earnings at $0.18 EPS and FY2018 earnings at $0.64 EPS.
Other equities research analysts also recently issued research reports about the stock. BMO Capital Markets set a $24.00 target price on shares of Antero Resources Corp and gave the stock a “buy” rating in a research note on Thursday, August 10th. Scotiabank reiterated a “buy” rating and set a $27.00 target price on shares of Antero Resources Corp in a research note on Thursday, August 3rd. Zacks Investment Research upgraded shares of Antero Resources Corp from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Tuesday, July 11th. Citigroup Inc. decreased their target price on shares of Antero Resources Corp from $34.00 to $27.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Finally, Robert W. Baird reiterated a “buy” rating and set a $38.00 target price on shares of Antero Resources Corp in a research note on Sunday, September 10th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $28.42.
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Antero Resources Corp (NYSE AR) opened at 19.46 on Monday. The firm’s 50 day moving average price is $20.08 and its 200-day moving average price is $20.71. Antero Resources Corp has a 1-year low of $18.23 and a 1-year high of $27.85. The stock has a market cap of $6.14 billion, a price-to-earnings ratio of 452.56 and a beta of 0.96.
Antero Resources Corp (NYSE:AR) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). Antero Resources Corp had a negative return on equity of 0.27% and a net margin of 5.06%. The firm had revenue of $736.00 million for the quarter, compared to analyst estimates of $778.55 million. During the same period in the prior year, the firm posted $0.14 EPS. The business’s revenue was up 1.1% compared to the same quarter last year.
A number of institutional investors have recently modified their holdings of AR. OLD Mutual Customised Solutions Proprietary Ltd. increased its holdings in Antero Resources Corp by 268.2% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,100 shares of the oil and natural gas company’s stock valued at $185,000 after buying an additional 5,900 shares in the last quarter. Nomura Holdings Inc. purchased a new position in Antero Resources Corp in the first quarter valued at about $204,000. Sei Investments Co. increased its holdings in Antero Resources Corp by 174.6% in the first quarter. Sei Investments Co. now owns 9,209 shares of the oil and natural gas company’s stock valued at $210,000 after buying an additional 5,855 shares in the last quarter. Balasa Dinverno & Foltz LLC purchased a new position in Antero Resources Corp in the third quarter valued at about $211,000. Finally, HighTower Advisors LLC purchased a new position in Antero Resources Corp in the first quarter valued at about $212,000. 93.59% of the stock is owned by institutional investors.
In other Antero Resources Corp news, insider K. Phil Yoo sold 3,785 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $20.55, for a total value of $77,781.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 9.20% 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.
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