$916.43 Million in Sales Expected for Antero Resources Corp (NYSE:AR) This Quarter

Equities research analysts forecast that Antero Resources Corp (NYSE:AR) will report sales of $916.43 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Antero Resources’ earnings, with the lowest sales estimate coming in at $901.74 million and the highest estimate coming in at $931.55 million. Antero Resources reported sales of $1.30 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 29.5%. The firm is scheduled to announce its next earnings results on Wednesday, July 29th.

According to Zacks, analysts expect that Antero Resources will report full-year sales of $4.12 billion for the current fiscal year, with estimates ranging from $3.82 billion to $4.30 billion. For the next financial year, analysts anticipate that the company will report sales of $3.72 billion, with estimates ranging from $3.57 billion to $3.82 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Antero Resources.

Antero Resources (NYSE:AR) last posted its quarterly earnings data on Wednesday, April 29th. The oil and natural gas company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.08). Antero Resources had a negative net margin of 35.36% and a negative return on equity of 3.77%. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the company posted $0.35 EPS. Antero Resources’s revenue for the quarter was up 27.0% on a year-over-year basis.

Several research firms recently commented on AR. Morgan Stanley dropped their price objective on Antero Resources from $2.75 to $1.75 and set an “underweight” rating on the stock in a research note on Friday. ValuEngine raised shares of Antero Resources from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. SunTrust Banks boosted their target price on shares of Antero Resources from $2.00 to $3.00 and gave the company a “hold” rating in a report on Friday, May 1st. TD Securities boosted their target price on shares of Antero Resources from $2.50 to $3.50 and gave the company a “hold” rating in a report on Wednesday, June 17th. Finally, Wells Fargo & Co boosted their target price on shares of Antero Resources from $2.50 to $3.50 and gave the company an “underweight” rating in a report on Thursday. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $3.55.

Antero Resources stock traded down $0.28 during trading on Friday, hitting $2.34. The stock had a trading volume of 41,468,570 shares, compared to its average volume of 13,756,789. Antero Resources has a 1 year low of $0.64 and a 1 year high of $5.68. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.94. The stock’s 50 day moving average is $3.13 and its two-hundred day moving average is $2.20. The stock has a market cap of $672.32 million, a price-to-earnings ratio of -0.42 and a beta of 4.74.

Several institutional investors have recently modified their holdings of AR. Charles Schwab Investment Management Inc. increased its holdings in shares of Antero Resources by 23.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,661,116 shares of the oil and natural gas company’s stock worth $4,735,000 after buying an additional 311,894 shares during the last quarter. Credit Suisse AG grew its holdings in Antero Resources by 17.2% during the 4th quarter. Credit Suisse AG now owns 1,387,023 shares of the oil and natural gas company’s stock valued at $3,953,000 after purchasing an additional 203,574 shares during the last quarter. Alaska Permanent Fund Corp bought a new position in Antero Resources during the 1st quarter valued at about $259,000. Dynamic Technology Lab Private Ltd bought a new position in Antero Resources during the 4th quarter valued at about $172,000. Finally, Bank of America Corp DE grew its holdings in Antero Resources by 10.7% during the 4th quarter. Bank of America Corp DE now owns 1,843,513 shares of the oil and natural gas company’s stock valued at $5,254,000 after purchasing an additional 178,126 shares during the last quarter. Institutional investors and hedge funds own 88.17% of the company’s stock.

Antero Resources Company Profile

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2018, the company had approximately 486,000 net acres in the southwestern core of the Marcellus Shale; 125,000 net acres in the core of the Utica Shale; and 209,000 net acres of Marcellus Shale leasehold.

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