Analysts Expect Antero Resources Corporation (AR) to Post $0.15 EPS

Brokerages expect Antero Resources Corporation (NYSE:AR) to report $0.15 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Antero Resources’ earnings. The lowest EPS estimate is ($0.01) and the highest is $0.28. Antero Resources posted earnings of $0.22 per share during the same quarter last year, which indicates a negative year over year growth rate of 31.8%. The firm is scheduled to report its next earnings report on Tuesday, February 27th.

On average, analysts expect that Antero Resources will report full-year earnings of $0.26 per share for the current fiscal year, with EPS estimates ranging from $0.09 to $0.50. For the next year, analysts anticipate that the company will report earnings of $0.56 per share, with EPS estimates ranging from ($0.52) to $1.47. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Antero Resources.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, November 1st. The oil and natural gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). Antero Resources had a positive return on equity of 0.78% and a negative net margin of 12.82%. The business had revenue of $775.30 million during the quarter, compared to the consensus estimate of $798.88 million. During the same quarter last year, the company earned $0.18 earnings per share.

AR has been the subject of a number of research reports. Stifel Nicolaus set a $21.00 price objective on Antero Resources and gave the stock a “hold” rating in a report on Thursday, October 5th. Jefferies Group initiated coverage on Antero Resources in a report on Monday, October 9th. They set a “hold” rating and a $21.00 price objective for the company. BMO Capital Markets reiterated a “buy” rating on shares of Antero Resources in a report on Friday, September 22nd. Howard Weil downgraded Antero Resources from an “outperform” rating to a “sector perform” rating and set a $26.00 price objective for the company. in a report on Thursday, September 21st. Finally, Robert W. Baird set a $38.00 price objective on Antero Resources and gave the stock a “buy” rating in a report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $27.44.

Shares of Antero Resources (AR) opened at $19.39 on Monday. Antero Resources has a fifty-two week low of $17.89 and a fifty-two week high of $27.23. The stock has a market capitalization of $6,120.12, a PE ratio of 102.05 and a beta of 0.94. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.54.

In other news, insider Kevin J. Kilstrom sold 82,760 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $19.99, for a total value of $1,654,372.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider K. Phil Yoo sold 10,865 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $19.25, for a total value of $209,151.25. The disclosure for this sale can be found here. Company insiders own 9.20% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Baupost Group LLC MA lifted its holdings in Antero Resources by 12.9% during the 3rd quarter. Baupost Group LLC MA now owns 23,912,257 shares of the oil and natural gas company’s stock worth $475,854,000 after purchasing an additional 2,741,261 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Antero Resources by 6.5% during the 2nd quarter. Vanguard Group Inc. now owns 17,760,019 shares of the oil and natural gas company’s stock worth $383,794,000 after purchasing an additional 1,091,065 shares during the last quarter. BlackRock Inc. lifted its holdings in Antero Resources by 18.7% during the 2nd quarter. BlackRock Inc. now owns 10,146,431 shares of the oil and natural gas company’s stock worth $219,264,000 after purchasing an additional 1,595,558 shares during the last quarter. Sound Shore Management Inc. CT lifted its holdings in Antero Resources by 5.6% during the 3rd quarter. Sound Shore Management Inc. CT now owns 9,932,900 shares of the oil and natural gas company’s stock worth $197,665,000 after purchasing an additional 526,500 shares during the last quarter. Finally, State Street Corp lifted its holdings in Antero Resources by 13.6% during the 2nd quarter. State Street Corp now owns 8,187,581 shares of the oil and natural gas company’s stock worth $176,939,000 after purchasing an additional 978,883 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

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About Antero Resources

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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