Capital One Financial Equities Analysts Decrease Earnings Estimates for Antero Resources Corp (AR)
Antero Resources Corp (NYSE:AR) – Investment analysts at Capital One Financial dropped their Q4 2017 earnings per share estimates for shares of Antero Resources in a research report issued to clients and investors on Thursday. Capital One Financial analyst B. Velie now anticipates that the oil and natural gas company will post earnings per share of $0.13 for the quarter, down from their previous forecast of $0.14.
Antero Resources (NYSE:AR) last released its quarterly earnings results on Wednesday, November 1st. The oil and natural gas company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $775.30 million during the quarter, compared to the consensus estimate of $798.88 million. During the same quarter in the prior year, the business posted $0.18 earnings per share.
Shares of Antero Resources (NYSE AR) opened at $19.33 on Friday. Antero Resources has a 1-year low of $17.59 and a 1-year high of $26.60. The firm has a market cap of $6,243.21, a PE ratio of -16.81, a PEG ratio of 2.10 and a beta of 0.94. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.85 and a quick ratio of 0.85.
A number of institutional investors and hedge funds have recently made changes to their positions in AR. Toronto Dominion Bank boosted its stake in Antero Resources by 244.3% during the 3rd quarter. Toronto Dominion Bank now owns 9,326 shares of the oil and natural gas company’s stock worth $186,000 after purchasing an additional 6,617 shares during the last quarter. Balasa Dinverno & Foltz LLC acquired a new stake in Antero Resources during the 3rd quarter worth $211,000. Linscomb & Williams Inc. acquired a new stake in Antero Resources during the 2nd quarter worth $220,000. PNC Financial Services Group Inc. boosted its stake in Antero Resources by 22.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 10,353 shares of the oil and natural gas company’s stock worth $223,000 after purchasing an additional 1,891 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Antero Resources by 8.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,442 shares of the oil and natural gas company’s stock worth $247,000 after purchasing an additional 855 shares during the last quarter. 96.99% of the stock is currently owned by institutional investors.
In other Antero Resources news, insider Kevin J. Kilstrom sold 82,760 shares of Antero Resources stock in a transaction on Friday, November 10th. The shares were sold at an average price of $19.99, for a total transaction of $1,654,372.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider K. Phil Yoo sold 10,865 shares of Antero Resources stock in a transaction on Thursday, November 16th. The stock was 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. 9.20% of the stock is currently owned by company insiders.
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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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