Brokerages Expect Antero Resources Corp (NYSE:AR) Will Post Earnings of -$0.16 Per Share

Equities research analysts predict that Antero Resources Corp (NYSE:AR) will announce earnings per share (EPS) of ($0.16) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Antero Resources’ earnings. The lowest EPS estimate is ($0.35) and the highest is ($0.01). Antero Resources posted earnings per share of ($0.21) during the same quarter last year, which suggests a positive year-over-year growth rate of 23.8%. The firm is expected to issue its next earnings results on Wednesday, July 29th.

According to Zacks, analysts expect that Antero Resources will report full-year earnings of ($0.42) per share for the current fiscal year, with EPS estimates ranging from ($0.92) to ($0.01). For the next year, analysts anticipate that the firm will report earnings of ($0.71) per share, with EPS estimates ranging from ($1.19) to ($0.14). Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Antero Resources.

Antero Resources (NYSE:AR) last announced its quarterly earnings data on Wednesday, April 29th. The oil and natural gas company reported ($0.13) earnings per share (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the business posted $0.35 earnings per share. The firm’s quarterly revenue was up 27.0% compared to the same quarter last year.

A number of brokerages have recently issued reports on AR. SunTrust Banks raised their price objective on Antero Resources from $2.00 to $3.00 and gave the company a “hold” rating in a research note on Friday, May 1st. ValuEngine raised Antero Resources from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. Stifel Nicolaus cut Antero Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, March 31st. TD Securities increased their target price on shares of Antero Resources from $2.50 to $3.50 and gave the stock a “hold” rating in a report on Wednesday, June 17th. Finally, Morgan Stanley dropped their target price on shares of Antero Resources from $2.75 to $1.75 and set an “underweight” rating for the company in a report on Friday. Four analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $3.55.

Institutional investors and hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its holdings in Antero Resources by 23.1% in the fourth 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 period. Credit Suisse AG lifted its holdings in Antero Resources by 17.2% in the fourth quarter. Credit Suisse AG now owns 1,387,023 shares of the oil and natural gas company’s stock worth $3,953,000 after buying an additional 203,574 shares during the period. Alaska Permanent Fund Corp purchased a new stake in Antero Resources in the first quarter worth about $259,000. Dynamic Technology Lab Private Ltd purchased a new stake in Antero Resources in the fourth quarter worth about $172,000. Finally, Bank of America Corp DE lifted its holdings in Antero Resources by 10.7% in the fourth quarter. Bank of America Corp DE now owns 1,843,513 shares of the oil and natural gas company’s stock worth $5,254,000 after buying an additional 178,126 shares during the period. Institutional investors and hedge funds own 88.17% of the company’s stock.

Shares of NYSE:AR traded down $0.28 on Friday, reaching $2.34. 41,468,570 shares of the company traded hands, compared to its average volume of 13,756,789. The business’s 50-day simple moving average is $3.13 and its 200 day simple moving average is $2.20. Antero Resources has a 52 week low of $0.64 and a 52 week high of $5.68. The stock has a market capitalization of $672.32 million, a P/E ratio of -0.42 and a beta of 4.74. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.94.

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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