Equities analysts expect Antero Resources Corp (NYSE:AR) to post $1.11 billion in sales for the current quarter, according to Zacks. Eight analysts have provided estimates for Antero Resources’ earnings, with the lowest sales estimate coming in at $999.40 million and the highest estimate coming in at $1.32 billion. Antero Resources posted sales of $775.32 million in the same quarter last year, which suggests a positive year over year growth rate of 43.2%. The company is scheduled to report its next quarterly earnings report on Wednesday, November 7th.
On average, analysts expect that Antero Resources will report full year sales of $4.27 billion for the current financial year, with estimates ranging from $3.87 billion to $4.57 billion. For the next fiscal year, analysts expect that the firm will report sales of $5.22 billion per share, with estimates ranging from $4.86 billion to $5.76 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Antero Resources.
Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, August 1st. The oil and natural gas company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.17). The firm had revenue of $989.34 million during the quarter, compared to the consensus estimate of $950.78 million. Antero Resources had a return on equity of 1.83% and a net margin of 6.24%. The firm’s revenue was up 25.2% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.04) EPS.
Several brokerages have issued reports on AR. Zacks Investment Research lowered Antero Resources from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. TD Securities began coverage on Antero Resources in a report on Thursday, July 5th. They issued a “buy” rating and a $26.00 price target on the stock. Citigroup cut their price target on Antero Resources from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, August 13th. Morgan Stanley increased their price target on Antero Resources from $20.00 to $22.00 and gave the stock an “equal weight” rating in a report on Thursday, May 24th. Finally, Stifel Nicolaus began coverage on Antero Resources in a report on Wednesday, May 23rd. They issued a “buy” rating and a $24.50 price target on the stock. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the stock. Antero Resources currently has a consensus rating of “Hold” and an average price target of $23.91.
NYSE:AR traded up $0.32 on Thursday, hitting $18.53. The stock had a trading volume of 2,986,400 shares, compared to its average volume of 3,139,059. The firm has a market cap of $5.64 billion, a P/E ratio of 151.88, a PEG ratio of 1.06 and a beta of 0.73. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.06 and a current ratio of 1.06. Antero Resources has a 52 week low of $16.31 and a 52 week high of $22.69.
In other news, insider K. Phil Yoo sold 2,500 shares of the stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $18.59, for a total value of $46,475.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 9.40% of the company’s stock.
Several institutional investors have recently modified their holdings of AR. Oppenheimer & Co. Inc. purchased a new stake in shares of Antero Resources during the first quarter valued at approximately $1,047,000. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Antero Resources by 0.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 644,718 shares of the oil and natural gas company’s stock valued at $12,798,000 after acquiring an additional 5,888 shares during the last quarter. Virginia Retirement Systems ET AL increased its position in shares of Antero Resources by 15.2% during the first quarter. Virginia Retirement Systems ET AL now owns 158,700 shares of the oil and natural gas company’s stock valued at $3,150,000 after acquiring an additional 20,972 shares during the last quarter. Sound Shore Management Inc. CT increased its position in shares of Antero Resources by 7.6% during the first quarter. Sound Shore Management Inc. CT now owns 11,620,868 shares of the oil and natural gas company’s stock valued at $230,674,000 after acquiring an additional 821,751 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Antero Resources by 232.0% during the first quarter. Robeco Institutional Asset Management B.V. now owns 93,646 shares of the oil and natural gas company’s stock valued at $1,859,000 after acquiring an additional 65,438 shares during the last quarter. 94.88% of the stock is owned by hedge funds and other institutional investors.
About Antero Resources
Antero Resources Corporation, an independent oil and natural gas company, acquires, explores, produces, and develops natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2017 had approximately 484,000 net acres in the southwestern core of the Marcellus Shale; approximately 137,000 net acres in the core of the Utica Shale; and approximately 214,000 net acres of Marcellus Shale leasehold.
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