Analysts predict that Antero Resources Corp (NYSE:AR) will announce $1.18 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Antero Resources’ earnings, with the lowest sales estimate coming in at $1.08 billion and the highest estimate coming in at $1.30 billion. Antero Resources reported sales of $1.03 billion during the same quarter last year, which would suggest a positive year over year growth rate of 14.6%. The business is scheduled to report its next quarterly earnings report on Wednesday, April 24th.
According to Zacks, analysts expect that Antero Resources will report full year sales of $4.72 billion for the current financial year, with estimates ranging from $4.30 billion to $5.79 billion. For the next fiscal year, analysts expect that the firm will post sales of $4.58 billion, with estimates ranging from $4.40 billion to $5.02 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow Antero Resources.
Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, February 13th. The oil and natural gas company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.09. Antero Resources had a positive return on equity of 3.67% and a negative net margin of 9.60%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the previous year, the firm earned $0.33 EPS. Antero Resources’s revenue was up 34.5% on a year-over-year basis.
AR has been the subject of a number of recent analyst reports. MKM Partners initiated coverage on Antero Resources in a research report on Wednesday, December 5th. They issued a “buy” rating and a $17.00 target price for the company. Stifel Nicolaus set a $17.00 target price on Antero Resources and gave the stock a “buy” rating in a research report on Friday, March 22nd. TD Securities decreased their target price on Antero Resources from $24.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, December 19th. Guggenheim set a $19.00 price target on Antero Resources and gave the company a “buy” rating in a research note on Thursday, February 14th. Finally, TheStreet downgraded Antero Resources from a “c-” rating to a “d+” rating in a research note on Thursday, February 7th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $18.36.
NYSE:AR traded up $0.23 during mid-day trading on Thursday, reaching $8.66. The company’s stock had a trading volume of 4,110,830 shares, compared to its average volume of 6,393,721. Antero Resources has a 12-month low of $7.63 and a 12-month high of $22.69. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of 11.25, a price-to-earnings-growth ratio of 0.78 and a beta of 0.98.
In related news, insider Paul M. Rady acquired 12,239 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was bought at an average cost of $8.34 per share, for a total transaction of $102,073.26. Following the purchase, the insider now owns 9,579,520 shares in the company, valued at approximately $79,893,196.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Paul M. Rady acquired 12,200 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were bought at an average price of $8.30 per share, with a total value of $101,260.00. The disclosure for this purchase can be found here. Insiders own 9.40% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Sterling Investment Advisors Ltd. grew its stake in shares of Antero Resources by 50.0% during the 4th quarter. Sterling Investment Advisors Ltd. now owns 3,000 shares of the oil and natural gas company’s stock valued at $28,000 after acquiring an additional 1,000 shares during the period. RDL Financial Inc. grew its stake in shares of Antero Resources by 13.4% during the 4th quarter. RDL Financial Inc. now owns 21,519 shares of the oil and natural gas company’s stock valued at $202,000 after acquiring an additional 2,545 shares during the period. Nissay Asset Management Corp Japan ADV grew its stake in shares of Antero Resources by 12.6% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 23,361 shares of the oil and natural gas company’s stock valued at $219,000 after acquiring an additional 2,606 shares during the period. QS Investors LLC grew its stake in shares of Antero Resources by 16.5% during the 4th quarter. QS Investors LLC now owns 23,117 shares of the oil and natural gas company’s stock valued at $218,000 after acquiring an additional 3,280 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of Antero Resources by 20.8% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 22,769 shares of the oil and natural gas company’s stock valued at $443,000 after acquiring an additional 3,914 shares during the period. Institutional investors own 98.51% of the company’s stock.
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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