Q4 2017 EPS Estimates for Antero Resources Corp Lowered by Analyst (AR)

Antero Resources Corp (NYSE:AR) – Research analysts at KeyCorp dropped their Q4 2017 earnings per share estimates for shares of Antero Resources in a research report issued on Friday. KeyCorp analyst D. Deckelbaum now anticipates that the oil and natural gas company will post earnings per share of $0.12 for the quarter, down from their prior estimate of $0.15.

Antero Resources (NYSE:AR) last posted 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 firm had revenue of $775.30 million for the quarter, compared to analyst estimates of $798.88 million. Antero Resources had a positive return on equity of 0.78% and a negative net margin of 12.82%. During the same quarter in the prior year, the business posted $0.18 EPS.

AR has been the topic of a number of other research reports. Stifel Nicolaus set a $21.00 target price on shares of Antero Resources and gave the company a “hold” rating in a research report on Thursday, October 5th. Jefferies Group initiated coverage on shares of Antero Resources in a research report on Monday, October 9th. They issued a “hold” rating and a $21.00 target price on the stock. Robert W. Baird set a $38.00 target price on shares of Antero Resources and gave the company a “buy” rating in a research report on Thursday, October 12th. Barclays lowered shares of Antero Resources from an “overweight” rating to an “equal weight” rating and set a $21.00 target price on the stock. in a research report on Monday, November 20th. Finally, Zacks Investment Research upgraded shares of Antero Resources from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Tuesday, January 16th. 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 an average rating of “Hold” and an average price target of $25.41.

Shares of Antero Resources (NYSE AR) opened at $18.74 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54. The stock has a market cap of $5,910.00, a P/E ratio of -16.44, a P/E/G ratio of 1.27 and a beta of 0.94. Antero Resources has a 52-week low of $17.59 and a 52-week high of $26.60.

In related 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 filing with the Securities & Exchange Commission, which is available at this link. 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 insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Toronto Dominion Bank increased its stake in Antero Resources by 244.3% in the third 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 bought a new stake in Antero Resources in the third quarter valued at $211,000. Linscomb & Williams Inc. bought a new stake in Antero Resources in the second quarter valued at $220,000. PNC Financial Services Group Inc. increased its stake in Antero Resources by 22.3% in the second 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. Finally, The Manufacturers Life Insurance Company increased its stake in Antero Resources by 8.1% in the second 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 purchasing an additional 855 shares in the last quarter. 96.99% of the stock is owned by institutional investors and hedge funds.

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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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