Q1 2024 Earnings Forecast for Antero Resources Co. Issued By Zacks Research (NYSE:AR)

Antero Resources Co. (NYSE:AR) – Research analysts at Zacks Research cut their Q1 2024 EPS estimates for shares of Antero Resources in a note issued to investors on Wednesday, April 24th. Zacks Research analyst A. Kanoria now forecasts that the oil and natural gas company will post earnings of $0.04 per share for the quarter, down from their previous forecast of $0.06. The consensus estimate for Antero Resources’ current full-year earnings is $0.34 per share. Zacks Research also issued estimates for Antero Resources’ Q2 2024 earnings at $0.04 EPS, Q3 2024 earnings at $0.08 EPS, Q4 2024 earnings at $0.28 EPS, FY2024 earnings at $0.45 EPS, Q1 2025 earnings at $0.67 EPS, Q2 2025 earnings at $0.43 EPS, Q1 2026 earnings at $0.86 EPS and FY2026 earnings at $3.19 EPS.

AR has been the topic of a number of other research reports. JPMorgan Chase & Co. upped their target price on shares of Antero Resources from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, March 27th. Mizuho increased their price objective on shares of Antero Resources from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. Benchmark lowered shares of Antero Resources from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Truist Financial dropped their price objective on shares of Antero Resources from $28.00 to $27.00 and set a “hold” rating on the stock in a research note on Friday, April 5th. Finally, Morgan Stanley upgraded shares of Antero Resources from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $26.00 to $36.00 in a research note on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Antero Resources presently has an average rating of “Hold” and a consensus target price of $30.69.

Antero Resources Stock Performance

NYSE:AR opened at $33.38 on Thursday. The stock has a market cap of $10.13 billion, a P/E ratio of 43.23 and a beta of 3.30. The firm has a 50-day moving average of $27.45 and a two-hundred day moving average of $25.38. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.33 and a quick ratio of 0.33. Antero Resources has a 1-year low of $19.91 and a 1-year high of $33.61.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Thursday, April 25th. The oil and natural gas company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Antero Resources had a return on equity of 2.10% and a net margin of 5.19%. The firm’s revenue for the quarter was down 20.3% on a year-over-year basis. During the same period last year, the company posted $0.48 earnings per share.

Insider Activity

In related news, insider Sheri Pearce sold 28,009 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $26.29, for a total transaction of $736,356.61. Following the completion of the sale, the insider now directly owns 106,698 shares in the company, valued at $2,805,090.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director W Howard Keenan, Jr. sold 232,293 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $25.85, for a total value of $6,004,774.05. Following the completion of the sale, the director now owns 3,000,000 shares in the company, valued at approximately $77,550,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Sheri Pearce sold 28,009 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $26.29, for a total transaction of $736,356.61. Following the completion of the sale, the insider now owns 106,698 shares of the company’s stock, valued at approximately $2,805,090.42. The disclosure for this sale can be found here. Insiders sold 467,280 shares of company stock worth $12,153,605 over the last three months. Corporate insiders own 5.95% of the company’s stock.

Institutional Investors Weigh In On Antero Resources

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AR. Allspring Global Investments Holdings LLC raised its holdings in shares of Antero Resources by 1,311.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock valued at $28,000 after purchasing an additional 892 shares in the last quarter. Lindbrook Capital LLC grew its stake in Antero Resources by 81.5% in the 4th quarter. Lindbrook Capital LLC now owns 1,479 shares of the oil and natural gas company’s stock valued at $34,000 after buying an additional 664 shares during the last quarter. Mather Group LLC. acquired a new position in Antero Resources in the 1st quarter valued at $37,000. Planned Solutions Inc. acquired a new position in Antero Resources in the 4th quarter valued at $45,000. Finally, Itau Unibanco Holding S.A. acquired a new position in Antero Resources in the 3rd quarter valued at $47,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Company Profile

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.