Equities analysts predict that Antero Resources Corp (NYSE:AR) will post sales of $863.93 million for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Antero Resources’ earnings. The highest sales estimate is $933.19 million and the lowest is $813.10 million. Antero Resources posted sales of $887.91 million in the same quarter last year, which suggests a negative year-over-year growth rate of 2.7%. The firm is scheduled to announce its next earnings results after the market closes on Tuesday, February 13th.
According to Zacks, analysts expect that Antero Resources will report full year sales of $863.93 million for the current year, with estimates ranging from $3.11 billion to $3.96 billion. For the next year, analysts anticipate that the company will post sales of $4.05 billion per share, with estimates ranging from $3.82 billion to $4.45 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Antero Resources.
Several analysts recently weighed in on the company. Zacks Investment Research downgraded Antero Resources from a “hold” rating to a “sell” rating in a report on Wednesday, December 20th. Barclays downgraded Antero Resources from an “overweight” rating to an “equal weight” rating and set a $21.00 price objective for the company. in a report on Monday, November 20th. Jefferies Group set a $20.00 price objective on Antero Resources and gave the company a “hold” rating in a report on Friday, November 17th. Cowen set a $25.00 price objective on Antero Resources and gave the company a “hold” rating in a report on Wednesday, October 18th. Finally, Robert W. Baird restated a “buy” rating and issued a $28.00 price objective on shares of Antero Resources in a report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $25.28.
A number of hedge funds and other institutional investors have recently modified their holdings of AR. Twin Tree Management LP acquired a new position in Antero Resources in the fourth quarter valued at approximately $143,000. Toronto Dominion Bank lifted its holdings 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 acquiring an additional 6,617 shares during the period. SG Americas Securities LLC acquired a new position in Antero Resources in the fourth quarter valued at approximately $191,000. Balasa Dinverno & Foltz LLC acquired a new position in Antero Resources in the third quarter valued at approximately $211,000. Finally, PNC Financial Services Group Inc. lifted its holdings 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 acquiring an additional 1,891 shares during the period. Hedge funds and other institutional investors own 97.23% of the company’s stock.
Shares of Antero Resources (AR) opened at $17.11 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $5,400.47, a PE ratio of -14.88, a P/E/G ratio of 2.90 and a beta of 0.93. Antero Resources has a fifty-two week low of $16.31 and a fifty-two week high of $26.09.
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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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