Antero Resources Corp to Post FY2017 Earnings of ($0.10) Per Share, Seaport Global Securities Forecasts (AR)

Antero Resources Corp (NYSE:AR) – Investment analysts at Seaport Global Securities lifted their FY2017 earnings estimates for Antero Resources in a report released on Thursday. Seaport Global Securities analyst M. Kelly now expects that the oil and natural gas company will post earnings per share of ($0.10) for the year, up from their previous forecast of ($0.20). Seaport Global Securities also issued estimates for Antero Resources’ Q4 2017 earnings at $0.05 EPS.

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 Thomson Reuters’ consensus estimate of ($0.03) by ($0.01). The business had revenue of $775.30 million during the quarter, compared to the consensus estimate of $798.88 million. Antero Resources had a negative net margin of 12.82% and a positive return on equity of 0.78%. During the same period last year, the firm earned $0.18 EPS.

Several other brokerages have also issued reports on AR. Zacks Investment Research lowered shares of Antero Resources from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th. Cowen set a $22.00 target price on shares of Antero Resources and gave the company a “hold” rating in a research note on Thursday. Barclays restated a “hold” rating and issued a $22.00 target price on shares of Antero Resources in a research note on Sunday, December 24th. Morgan Stanley restated an “equal weight” rating on shares of Antero Resources in a research note on Thursday, December 14th. Finally, SunTrust Banks restated a “hold” rating and issued a $23.00 target price on shares of Antero Resources in a research note on Friday, December 8th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $25.41.

Shares of Antero Resources (NYSE:AR) opened at $18.74 on Monday. The stock has a market cap of $5,910.00, a price-to-earnings ratio of -16.44, a price-to-earnings-growth ratio of 1.27 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. Antero Resources has a fifty-two week low of $17.59 and a fifty-two week high of $26.60.

In related news, 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Kevin J. Kilstrom sold 82,760 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $19.99, for a total transaction of $1,654,372.40. The disclosure for this sale can be found here. 9.20% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada raised its holdings in Antero Resources by 5.1% during the 2nd quarter. Royal Bank of Canada now owns 11,731 shares of the oil and natural gas company’s stock worth $254,000 after purchasing an additional 566 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings 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. Kingfisher Capital LLC raised its holdings in Antero Resources by 2.3% during the 2nd quarter. Kingfisher Capital LLC now owns 45,361 shares of the oil and natural gas company’s stock worth $980,000 after purchasing an additional 1,034 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in Antero Resources by 3.1% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 46,145 shares of the oil and natural gas company’s stock worth $997,000 after purchasing an additional 1,368 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings 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. Institutional investors and hedge funds own 96.99% 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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