-$0.16 EPS Expected for Antero Resources Corp (NYSE:AR) This Quarter

Wall Street analysts forecast that Antero Resources Corp (NYSE:AR) will announce earnings per share of ($0.16) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Antero Resources’ earnings, with the highest EPS estimate coming in at ($0.01) and the lowest estimate coming in at ($0.35). Antero Resources posted earnings per share of ($0.21) during the same quarter last year, which indicates a positive year over year growth rate of 23.8%. The business is expected to announce its next quarterly earnings results on Wednesday, July 29th.

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

Antero Resources (NYSE:AR) last posted 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 Thomson Reuters’ consensus estimate of ($0.05) by ($0.08). The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Antero Resources had a negative net margin of 35.36% and a negative return on equity of 3.77%. The business’s revenue for the quarter was up 27.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.35 earnings per share.

Several equities analysts have recently weighed in on the stock. TD Securities raised 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. Wells Fargo & Co raised 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. ValuEngine raised shares of Antero Resources from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. SunTrust Banks raised 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, Morgan Stanley decreased their price target on shares of Antero Resources from $2.75 to $1.75 and set an “underweight” rating on the stock in a research note 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 company. Antero Resources currently has a consensus rating of “Hold” and an average target price of $3.55.

A number of hedge funds have recently modified their holdings of AR. State Street Corp increased its position in shares of Antero Resources by 36.7% during the first 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 acquiring an additional 6,691,978 shares during the last quarter. Shah Capital Management increased its position in shares of Antero Resources by 436.4% during the first 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 acquiring an additional 8,139,217 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Antero Resources by 22.1% during the first quarter. AQR Capital Management LLC now owns 4,824,232 shares of the oil and natural gas company’s stock valued at $3,439,000 after acquiring an additional 872,495 shares during the last quarter. Norges Bank acquired a new stake in shares of Antero Resources during the fourth quarter valued at about $13,266,000. Finally, Nuveen Asset Management LLC increased its position in shares of Antero Resources by 792.8% during the first 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 acquiring an additional 3,673,109 shares during the last quarter. 88.17% of the stock is currently owned by institutional investors.

AR traded down $0.28 during midday trading on Friday, hitting $2.34. 41,468,570 shares of the company traded hands, compared to its average volume of 13,756,789. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $672.32 million, a price-to-earnings ratio of -0.42 and a beta of 4.74. Antero Resources has a 52-week low of $0.64 and a 52-week high of $5.68. The business has a 50 day simple moving average of $3.13 and a two-hundred day simple moving average of $2.20.

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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