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

Several brokerages have issued reports on AR. Wells Fargo & Co increased their price objective on shares of Antero Resources from $2.50 to $3.50 and gave the company an “underweight” rating in a research report on Thursday. TD Securities increased their price objective on shares of 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 price objective on shares of Antero Resources from $2.75 to $1.75 and set an “underweight” rating for the company in a research report on Friday. Stifel Nicolaus downgraded shares of Antero Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Finally, SunTrust Banks increased their price objective on shares of Antero Resources from $2.00 to $3.00 and gave the company a “hold” rating in a research report on Friday, May 1st. 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’s stock. Antero Resources currently has an average rating of “Hold” and an average price target of $3.55.

NYSE:AR traded down $0.28 during trading hours on Friday, hitting $2.34. The stock had a trading volume of 41,468,570 shares, 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. Antero Resources has a 1-year low of $0.64 and a 1-year 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. The company has a market cap of $672.32 million, a PE ratio of -0.42 and a beta of 4.74.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp lifted its stake in 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 worth $17,769,000 after purchasing an additional 6,691,978 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its stake in Antero Resources by 75.1% during the first quarter. Public Employees Retirement Association of Colorado now owns 45,005 shares of the oil and natural gas company’s stock worth $32,000 after purchasing an additional 19,299 shares during the last quarter. Wexford Capital LP bought a new position in Antero Resources during the first quarter worth $1,176,000. Advisor Group Holdings Inc. bought a new position in Antero Resources during the first quarter worth $315,000. Finally, AQR Capital Management LLC lifted its stake in 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 worth $3,439,000 after purchasing an additional 872,495 shares during the last quarter. Hedge funds and other institutional investors own 88.17% of the company’s stock.

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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