Q3 2024 Earnings Estimate for Antero Resources Co. (NYSE:AR) Issued By Zacks Research

Antero Resources Co. (NYSE:AR) – Equities research analysts at Zacks Research lowered their Q3 2024 EPS estimates for Antero Resources in a report issued on Tuesday, September 24th. Zacks Research analyst R. Department now forecasts that the oil and natural gas company will post earnings of ($0.01) per share for the quarter, down from their previous forecast of $0.10. The consensus estimate for Antero Resources’ current full-year earnings is $0.02 per share. Zacks Research also issued estimates for Antero Resources’ Q4 2024 earnings at $0.18 EPS, FY2024 earnings at ($0.04) EPS, Q1 2025 earnings at $0.42 EPS, Q2 2025 earnings at $0.25 EPS, Q4 2025 earnings at $0.73 EPS, FY2025 earnings at $2.08 EPS, Q1 2026 earnings at $0.63 EPS and FY2026 earnings at $2.81 EPS.

AR has been the subject of several other reports. Morgan Stanley lowered their price objective on shares of Antero Resources from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. The Goldman Sachs Group lowered their price objective on shares of Antero Resources from $36.00 to $32.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Wolfe Research raised shares of Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 price objective for the company in a research note on Wednesday, September 11th. JPMorgan Chase & Co. lowered their price objective on shares of Antero Resources from $37.00 to $30.00 and set an “overweight” rating for the company in a research note on Thursday, September 12th. Finally, Wells Fargo & Company reduced their price target on shares of Antero Resources from $38.00 to $34.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Antero Resources currently has an average rating of “Moderate Buy” and a consensus price target of $33.13.

Antero Resources Stock Performance

Shares of NYSE:AR opened at $28.71 on Friday. The company has a market cap of $8.92 billion, a price-to-earnings ratio of 143.55 and a beta of 3.33. The company has a 50-day moving average price of $27.34 and a 200-day moving average price of $30.24. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. Antero Resources has a 12 month low of $20.10 and a 12 month high of $36.28.

Antero Resources (NYSE:AR) last issued its quarterly earnings data on Wednesday, July 31st. The oil and natural gas company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.04). The firm had revenue of $978.65 million for the quarter, compared to the consensus estimate of $980.20 million. Antero Resources had a net margin of 1.88% and a return on equity of 0.45%.

Institutional Investors Weigh In On Antero Resources

Institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its holdings in shares of Antero Resources by 1,311.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock valued at $28,000 after buying an additional 892 shares during the last quarter. Mather Group LLC. purchased a new stake in shares of Antero Resources during the first quarter valued at approximately $37,000. Lindbrook Capital LLC grew its holdings in shares of Antero Resources by 35.1% during the first quarter. Lindbrook Capital LLC now owns 1,998 shares of the oil and natural gas company’s stock valued at $58,000 after buying an additional 519 shares during the last quarter. GAMMA Investing LLC lifted its position in Antero Resources by 27.8% during the second quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock valued at $98,000 after purchasing an additional 655 shares during the period. Finally, Manchester Capital Management LLC boosted its holdings in Antero Resources by 382.1% in the first quarter. Manchester Capital Management LLC now owns 3,375 shares of the oil and natural gas company’s stock worth $98,000 after purchasing an additional 2,675 shares during the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Insiders Place Their Bets

In other Antero Resources news, insider Yvette K. Schultz sold 50,000 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $25.24, for a total value of $1,262,000.00. Following the sale, the insider now owns 248,363 shares in the company, valued at $6,268,682.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 6.70% of the company’s stock.

About Antero Resources

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.