$916.43 Million in Sales Expected for Antero Resources Corp (NYSE:AR) This Quarter

Wall Street analysts predict that Antero Resources Corp (NYSE:AR) will report sales of $916.43 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Antero Resources’ earnings. The highest sales estimate is $931.55 million and the lowest is $901.74 million. Antero Resources reported sales of $1.30 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 29.5%. The firm is scheduled to issue its next earnings report on Wednesday, July 29th.

According to Zacks, analysts expect that Antero Resources will report full year sales of $4.12 billion for the current year, with estimates ranging from $3.82 billion to $4.30 billion. For the next year, analysts anticipate that the company will report sales of $3.72 billion, with estimates ranging from $3.57 billion to $3.82 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Antero Resources.

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

AR has been the subject of a number of recent analyst reports. TD Securities raised their price objective on Antero Resources from $2.50 to $3.50 and gave the company a “hold” rating in a research report on Wednesday, June 17th. Morgan Stanley lowered their target price on Antero Resources from $2.75 to $1.75 and set an “underweight” rating on the stock in a research note on Friday. Stifel Nicolaus lowered Antero Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, March 31st. SunTrust Banks increased their target price on Antero Resources from $2.00 to $3.00 and gave the stock a “hold” rating in a research note on Friday, May 1st. Finally, ValuEngine upgraded Antero Resources from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $3.55.

A number of institutional investors have recently bought and sold shares of AR. HBK Sorce Advisory LLC bought a new position in shares of Antero Resources in the 1st quarter valued at $27,000. World Asset Management Inc increased its stake in shares of Antero Resources by 54.2% in the 1st quarter. World Asset Management Inc now owns 39,356 shares of the oil and natural gas company’s stock valued at $28,000 after purchasing an additional 13,839 shares during the last quarter. Public Employees Retirement Association of Colorado increased its stake in shares of Antero Resources by 75.1% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 45,005 shares of the oil and natural gas company’s stock valued at $32,000 after purchasing an additional 19,299 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Antero Resources in the 4th quarter valued at $33,000. Finally, L & S Advisors Inc bought a new position in shares of Antero Resources in the 1st quarter valued at $36,000. Hedge funds and other institutional investors own 88.17% of the company’s stock.

Shares of AR traded down $0.28 during mid-day trading on Friday, reaching $2.34. The company’s stock had a trading volume of 41,468,570 shares, compared to its average volume of 13,756,789. Antero Resources has a 1-year low of $0.64 and a 1-year high of $5.68. The stock has a market cap of $672.32 million, a P/E ratio of -0.42 and a beta of 4.74. The business has a 50-day simple moving average of $3.13 and a two-hundred day simple moving average of $2.20. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.94.

About Antero Resources

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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