Antero Resources Corporation (AR) Releases Earnings Results, Misses Estimates By $0.01 EPS
Antero Resources Corporation (NYSE:AR) released its quarterly earnings results on Wednesday. The oil and natural gas company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01), Bloomberg Earnings reports. Antero Resources Corporation had a net margin of 0.48% and a return on equity of 1.44%. The company had revenue of $775.30 million during the quarter, compared to analyst estimates of $798.88 million. During the same quarter last year, the business earned $0.18 EPS.
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A number of equities analysts recently weighed in on AR shares. ValuEngine lowered Antero Resources Corporation from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Morgan Stanley decreased their price target on Antero Resources Corporation from $23.00 to $22.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 18th. KeyCorp reissued a “buy” rating and issued a $33.00 price objective on shares of Antero Resources Corporation in a research note on Sunday, September 3rd. Zacks Investment Research raised Antero Resources Corporation from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Tuesday, July 11th. Finally, Scotiabank reissued a “buy” rating and issued a $27.00 price objective on shares of Antero Resources Corporation in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $28.06.
About Antero Resources Corporation
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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