Brokers Offer Predictions for Antero Resources Co.’s Q2 2024 Earnings (NYSE:AR)

Antero Resources Co. (NYSE:AR) – Zacks Research lifted their Q2 2024 EPS estimates for Antero Resources in a research report issued to clients and investors on Monday, May 20th. Zacks Research analyst A. Kanoria now anticipates that the oil and natural gas company will earn ($0.13) per share for the quarter, up from their previous estimate of ($0.16). The consensus estimate for Antero Resources’ current full-year earnings is $0.33 per share. Zacks Research also issued estimates for Antero Resources’ Q4 2024 earnings at $0.24 EPS, FY2024 earnings at $0.20 EPS, Q1 2025 earnings at $0.66 EPS, Q2 2025 earnings at $0.41 EPS, Q3 2025 earnings at $0.62 EPS, FY2025 earnings at $2.57 EPS and FY2026 earnings at $2.69 EPS.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, April 24th. The oil and natural gas company reported $0.03 earnings per share for the quarter. Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.08 billion.

AR has been the topic of several other reports. Morgan Stanley upgraded shares of Antero Resources from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $26.00 to $36.00 in a research report on Wednesday, April 17th. Raymond James increased their price target on shares of Antero Resources from $28.00 to $32.00 and gave the company a “strong-buy” rating in a research report on Wednesday, January 24th. StockNews.com upgraded shares of Antero Resources to a “sell” rating in a research report on Friday, April 26th. Barclays started coverage on shares of Antero Resources in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $32.00 price target on the stock. Finally, Benchmark lowered shares of Antero Resources from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Antero Resources currently has an average rating of “Hold” and a consensus target price of $32.69.

Antero Resources Trading Down 0.8 %

Shares of AR opened at $34.11 on Wednesday. The firm’s 50-day moving average is $30.81 and its two-hundred day moving average is $26.15. The firm has a market capitalization of $10.60 billion, a P/E ratio of 170.55 and a beta of 3.27. Antero Resources has a twelve month low of $19.91 and a twelve month high of $35.83. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21.

Insiders Place Their Bets

In other Antero Resources news, insider Sheri Pearce sold 16,377 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $35.50, for a total transaction of $581,383.50. Following the transaction, the insider now owns 77,460 shares of the company’s stock, valued at $2,749,830. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Michael N. Kennedy sold 50,000 shares of the firm’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $33.72, for a total value of $1,686,000.00. Following the transaction, the insider now owns 1,032,251 shares of the company’s stock, valued at approximately $34,807,503.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Sheri Pearce sold 16,377 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $35.50, for a total transaction of $581,383.50. Following the completion of the transaction, the insider now directly owns 77,460 shares in the company, valued at approximately $2,749,830. The disclosure for this sale can be found here. Insiders have sold a total of 943,657 shares of company stock valued at $28,479,689 over the last quarter. Company insiders own 5.95% of the company’s stock.

Institutional Investors Weigh In On Antero Resources

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kahn Brothers Group Inc. purchased a new stake in Antero Resources during the 1st quarter worth $875,000. Progeny 3 Inc. increased its stake in Antero Resources by 93.8% during the 1st quarter. Progeny 3 Inc. now owns 382,400 shares of the oil and natural gas company’s stock worth $11,090,000 after buying an additional 185,100 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Antero Resources by 6.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 151,281 shares of the oil and natural gas company’s stock worth $4,388,000 after buying an additional 8,877 shares during the period. Hood River Capital Management LLC increased its stake in Antero Resources by 81.5% during the 1st quarter. Hood River Capital Management LLC now owns 117,658 shares of the oil and natural gas company’s stock worth $3,412,000 after buying an additional 52,843 shares during the period. Finally, Payden & Rygel Investment Group purchased a new stake in Antero Resources during the 1st quarter worth $113,000. 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.