Q1 2024 EPS Estimates for Antero Resources Co. Decreased by Analyst (NYSE:AR)

Posted by Defense World Staff on Apr 8th, 2024

Antero Resources Co. (NYSE:AR – Free Report) – Analysts at Capital One Financial lowered their Q1 2024 earnings estimates for shares of Antero Resources in a note issued to investors on Wednesday, April 3rd. Capital One Financial analyst B. Velie now anticipates that the oil and natural gas company will post earnings per share of ($0.09) for the quarter, down from their previous forecast of $0.22. The consensus estimate for Antero Resources’ current full-year earnings is $0.29 per share. Capital One Financial also issued estimates for Antero Resources’ Q2 2024 earnings at $0.16 EPS, Q3 2024 earnings at $0.19 EPS, Q4 2024 earnings at $0.25 EPS, FY2024 earnings at $0.50 EPS and FY2025 earnings at $3.41 EPS.

Several other equities analysts have also recently weighed in on the stock. Tudor, Pickering, Holt & Co. raised shares of Antero Resources from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Wednesday, January 17th. Truist Financial cut their price objective on Antero Resources from $28.00 to $27.00 and set a “hold” rating for the company in a report on Friday. Mizuho increased their price objective on Antero Resources from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Raymond James increased their price objective on Antero Resources from $28.00 to $32.00 and gave the company a “strong-buy” rating in a report on Wednesday, January 24th. Finally, Wells Fargo & Company increased their price objective on Antero Resources from $26.00 to $29.00 and gave the company an “overweight” rating in a report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $29.18.

Get Our Latest Analysis on Antero Resources

Antero Resources Price Performance

Shares of AR opened at $29.29 on Monday. The stock has a market capitalization of $8.89 billion, a P/E ratio of 38.04 and a beta of 3.30. Antero Resources has a twelve month low of $19.91 and a twelve month high of $30.90. The company has a 50 day moving average of $25.32 and a 200-day moving average of $24.89. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR – Get Free Report) last issued its quarterly earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.04. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Antero Resources had a net margin of 5.19% and a return on equity of 2.10%.

Insiders Place Their Bets

In other Antero Resources news, insider Sheri Pearce sold 28,009 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total transaction of $736,356.61. Following the transaction, the insider now owns 106,698 shares in the company, valued at approximately $2,805,090.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Antero Resources news, insider Sheri Pearce sold 28,009 shares of Antero Resources stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total value of $736,356.61. Following the transaction, the insider now owns 106,698 shares in the company, valued at $2,805,090.42. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director W Howard Keenan, Jr. sold 232,293 shares of Antero Resources stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $25.85, for a total value of $6,004,774.05. Following the completion of the transaction, the director now owns 3,000,000 shares in the company, valued at approximately $77,550,000. The disclosure for this sale can be found here. Insiders have sold 467,280 shares of company stock worth $12,153,605 in the last 90 days. Company insiders own 5.95% of the company’s stock.

Institutional Trading of Antero Resources

A number of hedge funds have recently made changes to their positions in the company. Lindbrook Capital LLC lifted its stake in shares of Antero Resources by 81.5% in the fourth quarter. Lindbrook Capital LLC now owns 1,479 shares of the oil and natural gas company’s stock worth $34,000 after acquiring an additional 664 shares during the period. Belpointe Asset Management LLC lifted its stake in shares of Antero Resources by 195.2% in the first quarter. Belpointe Asset Management LLC now owns 1,553 shares of the oil and natural gas company’s stock worth $36,000 after acquiring an additional 1,027 shares during the period. Itau Unibanco Holding S.A. acquired a new position in shares of Antero Resources in the third quarter worth approximately $47,000. Planned Solutions Inc. acquired a new position in shares of Antero Resources in the fourth quarter worth approximately $45,000. Finally, US Bancorp DE lifted its stake in shares of Antero Resources by 3,532.9% in the first quarter. US Bancorp DE now owns 2,543 shares of the oil and natural gas company’s stock worth $78,000 after acquiring an additional 2,473 shares during the period. 83.04% of the stock is owned by institutional investors and hedge funds.

About Antero Resources

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Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.