Q1 2024 EPS Estimates for Antero Resources Co. (NYSE:AR) Reduced by Zacks Research

Antero Resources Co. (NYSE:AR) – Research analysts at Zacks Research reduced their Q1 2024 earnings estimates for shares of Antero Resources in a research note issued to investors on Wednesday, April 24th. Zacks Research analyst A. Kanoria now expects that the oil and natural gas company will earn $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 $0.24 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.

Other analysts also recently issued research reports about the stock. Raymond James upped 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. Barclays initiated coverage on shares of Antero Resources in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $32.00 price objective on the stock. Tudor, Pickering, Holt & Co. raised shares of Antero Resources from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Wednesday, January 17th. Wells Fargo & Company boosted their price objective on shares of Antero Resources from $26.00 to $29.00 and gave the company an “overweight” rating in a research note on Wednesday, February 21st. Finally, 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $30.69.

Antero Resources Stock Up 1.3 %

AR stock opened at $31.43 on Thursday. The company has a fifty day moving average price of $27.25 and a 200 day moving average price of $25.34. Antero Resources has a 12 month low of $19.91 and a 12 month high of $31.72. The company has a market cap of $9.54 billion, a price-to-earnings ratio of 40.83 and a beta of 3.30. 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 (NYSE:AR) last released its quarterly earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.18 by $0.04. Antero Resources had a net margin of 5.19% and a return on equity of 2.10%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.17 billion.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AR. Allspring Global Investments Holdings LLC lifted its position in Antero Resources by 1,311.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock valued at $28,000 after buying an additional 892 shares in the last quarter. Mather Group LLC. acquired a new position in Antero Resources during the first quarter valued at approximately $37,000. Lindbrook Capital LLC lifted its position in Antero Resources by 81.5% during the fourth 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 in the last quarter. Itau Unibanco Holding S.A. acquired a new position in Antero Resources during the third quarter valued at approximately $47,000. Finally, Planned Solutions Inc. acquired a new position in Antero Resources during the fourth quarter valued at approximately $45,000. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Antero Resources

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