Zacks Research Comments on Antero Resources Co.’s Q3 2024 Earnings (NYSE:AR)

Antero Resources Co. (NYSE:AR) – Equities researchers at Zacks Research reduced their Q3 2024 EPS estimates for Antero Resources in a research report issued on Tuesday, September 24th. Zacks Research analyst R. Department now forecasts that the oil and natural gas company will earn ($0.01) per share for the quarter, down from their previous forecast of $0.10. The consensus estimate for Antero Resources’ current full-year earnings is $0.02 per share. Zacks Research also issued estimates for Antero Resources’ Q4 2024 earnings at $0.18 EPS, FY2024 earnings at ($0.04) EPS, Q1 2025 earnings at $0.42 EPS, Q2 2025 earnings at $0.25 EPS, Q4 2025 earnings at $0.73 EPS, FY2025 earnings at $2.08 EPS, Q1 2026 earnings at $0.63 EPS and FY2026 earnings at $2.81 EPS.

Antero Resources (NYSE:AR) last posted its quarterly earnings data on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.04). Antero Resources had a return on equity of 0.45% and a net margin of 1.88%. The company had revenue of $978.65 million for the quarter, compared to analyst estimates of $980.20 million.

A number of other analysts have also issued reports on AR. Roth Capital raised shares of Antero Resources to a “strong-buy” rating in a research report on Tuesday, August 27th. Citigroup began coverage on shares of Antero Resources in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $29.00 target price for the company. The Goldman Sachs Group decreased their target price on shares of Antero Resources from $36.00 to $32.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Morgan Stanley dropped their price target on shares of Antero Resources from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Finally, Wells Fargo & Company cut their price objective on Antero Resources from $38.00 to $34.00 and set an “overweight” rating for the company in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $33.13.

Antero Resources Price Performance

Shares of NYSE:AR opened at $28.71 on Friday. The company’s fifty day moving average is $27.34 and its two-hundred day moving average is $30.21. The company has a market cap of $8.92 billion, a P/E ratio of 143.55 and a beta of 3.33. Antero Resources has a 12-month low of $20.10 and a 12-month high of $36.28. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22.

Insider Activity at Antero Resources

In related news, insider Yvette K. Schultz sold 50,000 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $25.24, for a total value of $1,262,000.00. Following the completion of the transaction, the insider now directly owns 248,363 shares of the company’s stock, valued at $6,268,682.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.70% of the company’s stock.

Institutional Trading of Antero Resources

Several institutional investors have recently bought and sold shares of AR. Vaughan Nelson Investment Management L.P. boosted its position in Antero Resources by 269.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,967,300 shares of the oil and natural gas company’s stock valued at $129,453,000 after buying an additional 2,893,395 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Antero Resources by 33.7% in the 4th quarter. Wellington Management Group LLP now owns 10,537,261 shares of the oil and natural gas company’s stock worth $238,985,000 after acquiring an additional 2,655,604 shares in the last quarter. Natixis Advisors LLC grew its position in Antero Resources by 488.7% during the 2nd quarter. Natixis Advisors LLC now owns 1,428,864 shares of the oil and natural gas company’s stock worth $46,624,000 after acquiring an additional 1,186,163 shares during the last quarter. Acadian Asset Management LLC increased its holdings in Antero Resources by 7,781.2% during the 2nd quarter. Acadian Asset Management LLC now owns 953,859 shares of the oil and natural gas company’s stock valued at $31,113,000 after purchasing an additional 941,756 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Antero Resources by 11.6% in the 1st quarter. Bank of New York Mellon Corp now owns 8,840,690 shares of the oil and natural gas company’s stock valued at $256,380,000 after purchasing an additional 917,338 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

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.