Zacks Research Has Negative Estimate for AR Q4 Earnings

Antero Resources Co. (NYSE:AR) – Analysts at Zacks Research cut their Q4 2024 earnings per share estimates for Antero Resources in a research note issued on Tuesday, December 10th. Zacks Research analyst R. Department now forecasts that the oil and natural gas company will post earnings of $0.11 per share for the quarter, down from their prior estimate of $0.14. The consensus estimate for Antero Resources’ current full-year earnings is ($0.19) per share.

A number of other research analysts have also recently weighed in on the stock. Mizuho reduced their price target on shares of Antero Resources from $37.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. Citigroup upped their price target on shares of Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. The Goldman Sachs Group lowered their price target on Antero Resources from $36.00 to $32.00 and set a “buy” rating for the company in a report on Friday, September 6th. Raymond James upped their target price on Antero Resources from $34.00 to $44.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 21st. Finally, Barclays dropped their target price on Antero Resources from $32.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $34.06.

Antero Resources Stock Performance

NYSE AR opened at $32.37 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. Antero Resources has a 1-year low of $20.56 and a 1-year high of $36.28. The firm has a market capitalization of $10.07 billion, a P/E ratio of 231.21 and a beta of 3.42. The business’s 50-day simple moving average is $29.89 and its 200-day simple moving average is $29.86.

Hedge Funds Weigh In On Antero Resources

A number of hedge funds have recently bought and sold shares of the company. UMB Bank n.a. increased its stake in Antero Resources by 357.3% during the third quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock valued at $25,000 after purchasing an additional 686 shares during the last quarter. True Wealth Design LLC acquired a new position in shares of Antero Resources in the 3rd quarter valued at about $30,000. Capital Performance Advisors LLP bought a new stake in shares of Antero Resources during the 3rd quarter valued at about $45,000. Mattson Financial Services LLC acquired a new stake in Antero Resources during the second quarter worth about $64,000. Finally, Signaturefd LLC lifted its holdings in Antero Resources by 19.9% in the third quarter. Signaturefd LLC now owns 4,222 shares of the oil and natural gas company’s stock worth $121,000 after acquiring an additional 702 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

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.