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

Equities analysts forecast that Antero Resources Corp (NYSE:AR) will announce earnings of ($0.16) per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Antero Resources’ earnings, with estimates ranging from ($0.35) to ($0.01). Antero Resources reported earnings of ($0.21) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 23.8%. The firm is expected to report 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 financial year, with EPS estimates ranging from ($0.92) to ($0.01). For the next fiscal year, analysts anticipate that the company will post earnings of ($0.71) per share, with EPS estimates ranging from ($1.19) to ($0.14). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Antero Resources.

Antero Resources (NYSE:AR) last released its quarterly earnings results 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). Antero Resources had a negative return on equity of 3.77% and a negative net margin of 35.36%. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the business posted $0.35 EPS. The firm’s quarterly revenue was up 27.0% compared to the same quarter last year.

Several equities analysts recently issued reports on AR shares. SunTrust Banks raised their price objective on Antero Resources from $2.00 to $3.00 and gave the stock a “hold” rating in a research note on Friday, May 1st. TD Securities raised their price objective on 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 objective on Antero Resources from $2.50 to $3.50 and gave the stock an “underweight” rating in a research note on Thursday. ValuEngine upgraded Antero Resources from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. Finally, Stifel Nicolaus cut Antero Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. Antero Resources has a consensus rating of “Hold” and an average price target of $3.55.

Several hedge funds and other institutional investors have recently modified their holdings of AR. Shah Capital Management raised its stake 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 purchasing an additional 8,139,217 shares in the last quarter. State Street Corp raised its stake 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 purchasing an additional 6,691,978 shares in the last quarter. Norges Bank bought a new stake in shares of Antero Resources during the fourth quarter valued at about $13,266,000. Nuveen Asset Management LLC raised its stake 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 purchasing an additional 3,673,109 shares in the last quarter. Finally, Maverick Capital Ltd. bought a new stake in shares of Antero Resources during the fourth quarter valued at about $5,963,000. Institutional investors and hedge funds own 88.17% of the company’s stock.

AR traded down $0.28 during trading hours on Friday, hitting $2.34. 41,468,570 shares of the stock were exchanged, compared to its average volume of 13,756,789. The stock has a 50-day simple moving average of $3.13 and a 200-day simple moving average of $2.20. Antero Resources has a 12 month low of $0.64 and a 12 month high of $5.68. The stock has a market cap of $672.32 million, a price-to-earnings ratio of -0.42 and a beta of 4.74. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.15 and a quick ratio of 1.15.

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.

Featured Story: What is quantitative easing?

Get a free copy of the Zacks research report on Antero Resources (AR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Antero Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Antero Resources and related companies with MarketBeat.com's FREE daily email newsletter.