Q3 2024 Earnings Estimate for Antero Resources Co. Issued By Capital One Financial (NYSE:AR)

Antero Resources Co. (NYSE:AR) – Analysts at Capital One Financial reduced their Q3 2024 earnings per share estimates for shares of Antero Resources in a research report issued to clients and investors on Saturday, April 20th. Capital One Financial analyst B. Velie now expects that the oil and natural gas company will earn $0.17 per share for the quarter, down from their prior estimate of $0.19. The consensus estimate for Antero Resources’ current full-year earnings is $0.26 per share. Capital One Financial also issued estimates for Antero Resources’ Q4 2024 earnings at $0.23 EPS.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. Antero Resources had a return on equity of 2.10% and a net margin of 5.19%. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.17 billion.

A number of other equities analysts have also weighed in on the company. Benchmark lowered Antero Resources from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Scotiabank upped their target price on Antero Resources from $26.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Mizuho upped their target price on Antero Resources from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Barclays began coverage on Antero Resources in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $32.00 price target for the company. Finally, Raymond James increased their price target on Antero Resources from $28.00 to $32.00 and gave the company a “strong-buy” rating in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $30.69.

Antero Resources Price Performance

Shares of NYSE:AR opened at $31.01 on Tuesday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.21. Antero Resources has a twelve month low of $19.91 and a twelve month high of $31.41. The stock’s 50 day moving average is $27.25 and its 200-day moving average is $25.34. The firm has a market capitalization of $9.41 billion, a price-to-earnings ratio of 40.27 and a beta of 3.30.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Antero Resources by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 27,694,160 shares of the oil and natural gas company’s stock valued at $628,104,000 after acquiring an additional 173,378 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Antero Resources by 33.7% during the 4th quarter. Wellington Management Group LLP now owns 10,537,261 shares of the oil and natural gas company’s stock valued at $238,985,000 after buying an additional 2,655,604 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Antero Resources by 28.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,659,033 shares of the oil and natural gas company’s stock valued at $128,352,000 after buying an additional 1,253,510 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Antero Resources by 34.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,826,549 shares of the oil and natural gas company’s stock valued at $97,118,000 after buying an additional 982,384 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its holdings in shares of Antero Resources by 9.3% during the 4th quarter. Eagle Asset Management Inc. now owns 3,340,434 shares of the oil and natural gas company’s stock valued at $75,761,000 after buying an additional 285,485 shares in the last quarter. Institutional investors own 83.04% of the company’s stock.

Insider Transactions at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 232,293 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $25.85, for a total transaction of $6,004,774.05. Following the completion of the transaction, the director now owns 3,000,000 shares in the company, valued at approximately $77,550,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Antero Resources news, insider Sheri Pearce sold 28,009 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total value of $736,356.61. Following the completion of the transaction, the insider now owns 106,698 shares in the company, valued at approximately $2,805,090.42. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director W Howard Keenan, Jr. sold 232,293 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $25.85, for a total value of $6,004,774.05. Following the completion of the transaction, the director now owns 3,000,000 shares of the company’s stock, valued at approximately $77,550,000. The disclosure for this sale can be found here. In the last 90 days, insiders sold 467,280 shares of company stock worth $12,153,605. 5.95% of the stock is owned by company insiders.

About Antero Resources

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.