Zacks: Brokerages Anticipate Antero Resources Corp (NYSE:AR) to Post -$0.16 Earnings Per Share

Analysts expect Antero Resources Corp (NYSE:AR) to announce earnings per share of ($0.16) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Antero Resources’ earnings. The highest EPS estimate is ($0.01) and the lowest is ($0.35). Antero Resources posted earnings per share of ($0.21) in the same quarter last year, which would suggest a positive year-over-year growth rate of 23.8%. The business is expected to issue its next quarterly earnings report on Wednesday, July 29th.

On average, analysts expect that Antero Resources will report full-year earnings of ($0.42) per share for the current year, with EPS estimates ranging from ($0.92) to ($0.01). For the next year, analysts forecast that the business will post earnings of ($0.71) per share, with EPS estimates ranging from ($1.19) to ($0.14). Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow 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 for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.08). The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.02 billion. Antero Resources had a negative net margin of 35.36% and a negative return on equity of 3.77%. The company’s revenue for the quarter was up 27.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 EPS.

A number of research analysts recently issued reports on the stock. TD Securities lifted their price target on shares of Antero Resources from $2.50 to $3.50 and gave the stock a “hold” rating in a research note on Wednesday, June 17th. Morgan Stanley decreased their price target on shares of Antero Resources from $2.75 to $1.75 and set an “underweight” rating for the company in a research note on Friday. Stifel Nicolaus downgraded shares of Antero Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, March 31st. SunTrust Banks lifted their price target on shares of Antero Resources from $2.00 to $3.00 and gave the stock a “hold” rating in a research note on Friday, May 1st. Finally, Wells Fargo & Co lifted their price target on shares of Antero Resources from $2.50 to $3.50 and gave the stock an “underweight” rating in a research note on Thursday. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. Antero Resources currently has an average rating of “Hold” and an average price target of $3.55.

Several large investors have recently modified their holdings of AR. Shah Capital Management raised its position in Antero Resources by 436.4% in the 1st quarter. Shah Capital Management now owns 10,004,385 shares of the oil and natural gas company’s stock valued at $7,132,000 after purchasing an additional 8,139,217 shares during the last quarter. State Street Corp raised its position in Antero Resources by 36.7% in the 1st quarter. State Street Corp now owns 24,925,496 shares of the oil and natural gas company’s stock valued at $17,769,000 after purchasing an additional 6,691,978 shares during the last quarter. Norges Bank purchased a new stake in Antero Resources in the 4th quarter valued at $13,266,000. Nuveen Asset Management LLC raised its position in Antero Resources by 792.8% in the 1st quarter. Nuveen Asset Management LLC now owns 4,136,401 shares of the oil and natural gas company’s stock valued at $2,949,000 after purchasing an additional 3,673,109 shares during the last quarter. Finally, Maverick Capital Ltd. purchased a new stake in Antero Resources in the 4th quarter valued at $5,963,000. Institutional investors and hedge funds own 88.17% of the company’s stock.

Shares of AR stock traded down $0.28 during trading on Friday, reaching $2.34. The company’s stock had a trading volume of 41,468,570 shares, compared to its average volume of 13,756,789. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market capitalization of $672.32 million, a price-to-earnings ratio of -0.42 and a beta of 4.74. The stock’s 50-day moving average price is $3.13 and its 200 day moving average price is $2.20. Antero Resources has a 1-year low of $0.64 and a 1-year high of $5.68.

About Antero Resources

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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