Antero Resources Corporation to Post FY2017 Earnings of ($0.01) Per Share, KeyCorp Forecasts (AR)
Antero Resources Corporation (NYSE:AR) – KeyCorp issued their FY2017 earnings estimates for shares of Antero Resources in a research report issued to clients and investors on Tuesday. KeyCorp analyst D. Deckelbaum forecasts that the oil and natural gas company will earn ($0.01) per share for the year. KeyCorp has a “Buy” rating and a $33.00 price objective on the stock. KeyCorp also issued estimates for Antero Resources’ Q4 2017 earnings at $0.15 EPS.
Antero Resources (NYSE:AR) last announced its quarterly earnings data on Wednesday, November 1st. The oil and natural gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.01). Antero Resources had a negative net margin of 12.82% and a positive return on equity of 0.78%. The company had revenue of $775.30 million for the quarter, compared to analysts’ expectations of $798.88 million. During the same period in the prior year, the firm earned $0.18 earnings per share.
Shares of Antero Resources (NYSE:AR) opened at $18.28 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54. Antero Resources has a 12-month low of $17.89 and a 12-month high of $26.60. The firm has a market cap of $5,854.98, a price-to-earnings ratio of 97.63 and a beta of 0.94.
Several institutional investors have recently modified their holdings of AR. Toronto Dominion Bank raised its stake in shares of Antero Resources by 244.3% in the 3rd quarter. Toronto Dominion Bank now owns 9,326 shares of the oil and natural gas company’s stock valued at $186,000 after purchasing an additional 6,617 shares in the last quarter. Balasa Dinverno & Foltz LLC acquired a new stake in shares of Antero Resources in the 3rd quarter valued at about $211,000. SG Americas Securities LLC acquired a new stake in shares of Antero Resources in the 2nd quarter valued at about $215,000. Linscomb & Williams Inc. acquired a new stake in shares of Antero Resources in the 2nd quarter valued at about $220,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of Antero Resources by 22.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 10,353 shares of the oil and natural gas company’s stock valued at $223,000 after purchasing an additional 1,891 shares in the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.
In other news, insider Kevin J. Kilstrom sold 82,760 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $19.99, for a total value of $1,654,372.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider K. Phil Yoo sold 10,865 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $19.25, for a total transaction of $209,151.25. The disclosure for this sale can be found here. Insiders own 9.20% of the company’s stock.
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Antero Resources Company Profile
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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