FY2017 Earnings Estimate for Antero Resources Corp Issued By Capital One Financial (AR)

Antero Resources Corp (NYSE:AR) – Research analysts at Capital One Financial cut their FY2017 earnings per share (EPS) estimates for shares of Antero Resources in a research note issued on Thursday. Capital One Financial analyst B. Velie now forecasts that the oil and natural gas company will earn ($0.03) per share for the year, down from their prior forecast of ($0.02).

Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, November 1st. The oil and natural gas company reported ($0.04) earnings per share 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 analysts’ expectations of $798.88 million. During the same quarter last year, the business posted $0.18 EPS.

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

Shares of Antero Resources (NYSE:AR) opened at $18.74 on Monday. Antero Resources has a fifty-two week low of $17.59 and a fifty-two week high of $26.60. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $5,910.00, a P/E ratio of -16.44, a price-to-earnings-growth ratio of 1.27 and a beta of 0.94.

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 at 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. Royal Bank of Canada lifted its stake in shares of Antero Resources by 5.1% in the 2nd quarter. Royal Bank of Canada now owns 11,731 shares of the oil and natural gas company’s stock valued at $254,000 after purchasing an additional 566 shares during the period. The Manufacturers Life Insurance Company increased its position 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 valued at $247,000 after buying an additional 855 shares in the last quarter. Kingfisher Capital LLC increased its position 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 valued at $980,000 after buying an additional 1,034 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its position 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 valued at $997,000 after buying an additional 1,368 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position 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 valued at $223,000 after buying an additional 1,891 shares in the last quarter. Institutional investors 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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