Antero Resources Co. Expected to Post Q2 2024 Earnings of ($0.16) Per Share (NYSE:AR)

Antero Resources Co. (NYSE:AR) – Investment analysts at Zacks Research lowered their Q2 2024 earnings estimates for shares of Antero Resources in a research report issued on Monday, May 6th. Zacks Research analyst N. Banerjee now anticipates that the oil and natural gas company will post earnings per share of ($0.16) for the quarter, down from their previous estimate of $0.04. 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 $0.23 EPS, FY2024 earnings at $0.16 EPS, Q2 2025 earnings at $0.36 EPS, Q3 2025 earnings at $0.56 EPS, FY2025 earnings at $2.38 EPS, Q1 2026 earnings at $0.66 EPS and FY2026 earnings at $2.64 EPS.

A number of other research analysts have also recently issued reports on AR. Raymond James lifted their target price 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. StockNews.com raised Antero Resources to a “sell” rating in a research note on Friday, April 26th. JPMorgan Chase & Co. increased their price target on Antero Resources from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, March 27th. Truist Financial cut their target price on Antero Resources from $28.00 to $27.00 and set a “hold” rating on the stock in a report on Friday, April 5th. Finally, Benchmark cut shares of Antero Resources from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $32.08.

Antero Resources Stock Down 1.0 %

Shares of NYSE AR opened at $34.02 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. Antero Resources has a 52 week low of $19.91 and a 52 week high of $34.99. The stock has a market capitalization of $10.57 billion, a P/E ratio of 170.08 and a beta of 3.27. The stock’s fifty day moving average is $29.23 and its 200 day moving average is $25.79.

Antero Resources (NYSE:AR) last posted 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 0.18% and a net margin of 1.50%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.17 billion.

Insider Activity

In other news, Director W Howard Keenan, Jr. sold 206,978 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $26.15, for a total value of $5,412,474.70. Following the sale, the director now directly owns 3,793,022 shares of the company’s stock, valued at approximately $99,187,525.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director W Howard Keenan, Jr. sold 206,978 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $26.15, for a total value of $5,412,474.70. Following the completion of the transaction, the director now directly owns 3,793,022 shares in the company, valued at approximately $99,187,525.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Sheri Pearce sold 28,009 shares of the business’s stock in a transaction 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 transaction, the insider now owns 106,698 shares of the company’s stock, valued at $2,805,090.42. The disclosure for this sale can be found here. In the last quarter, insiders sold 477,280 shares of company stock worth $12,490,305. 5.95% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Antero Resources

A number of large investors have recently added to or reduced their stakes in AR. State Board of Administration of Florida Retirement System raised its position in shares of Antero Resources by 4.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 229,399 shares of the oil and natural gas company’s stock valued at $6,653,000 after buying an additional 10,449 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Antero Resources in the first quarter valued at about $25,288,000. Russell Investments Group Ltd. raised its position in shares of Antero Resources by 30.6% in the first quarter. Russell Investments Group Ltd. now owns 155,124 shares of the oil and natural gas company’s stock valued at $4,498,000 after buying an additional 36,372 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Antero Resources in the first quarter valued at about $268,000. Finally, Sciencast Management LP purchased a new stake in shares of Antero Resources in the first quarter valued at about $209,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

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.