Antero Resources Corp (NYSE:AR) – Investment analysts at SunTrust Banks upped their Q1 2020 earnings per share (EPS) estimates for shares of Antero Resources in a research note issued on Monday, December 9th. SunTrust Banks analyst W. Fitzpatrick now forecasts that the oil and natural gas company will post earnings per share of ($0.01) for the quarter, up from their previous forecast of ($0.12). SunTrust Banks also issued estimates for Antero Resources’ Q2 2020 earnings at ($0.08) EPS, Q3 2020 earnings at $0.01 EPS, Q4 2020 earnings at ($0.05) EPS and FY2020 earnings at ($0.13) EPS.
Antero Resources (NYSE:AR) last released its earnings results on Tuesday, October 29th. The oil and natural gas company reported ($0.49) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.30) by ($0.19). The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $988.92 million. Antero Resources had a positive return on equity of 0.32% and a negative net margin of 20.96%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 EPS.
Several other analysts also recently weighed in on AR. JPMorgan Chase & Co. assumed coverage on Antero Resources in a research report on Thursday, October 3rd. They issued an “underweight” rating for the company. ValuEngine upgraded Antero Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Mitsubishi UFJ Financial Group reiterated a “neutral” rating and issued a $3.00 price objective (down previously from $6.00) on shares of Antero Resources in a research report on Tuesday, October 8th. Evercore ISI reiterated a “hold” rating on shares of Antero Resources in a research report on Wednesday. Finally, Guggenheim lowered their price objective on Antero Resources from $7.00 to $6.75 and set a “buy” rating for the company in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $8.56.
NYSE:AR opened at $2.69 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.62 and a quick ratio of 0.62. Antero Resources has a 1-year low of $1.86 and a 1-year high of $12.03. The business has a 50 day moving average of $2.41 and a 200 day moving average of $3.86. The company has a market capitalization of $809.36 million, a price-to-earnings ratio of 3.49 and a beta of 0.71.
Several institutional investors and hedge funds have recently bought and sold shares of AR. BB&T Securities LLC purchased a new position in shares of Antero Resources during the third quarter valued at approximately $30,000. First Quadrant L P CA increased its stake in shares of Antero Resources by 116.1% during the third quarter. First Quadrant L P CA now owns 13,400 shares of the oil and natural gas company’s stock valued at $40,000 after buying an additional 7,200 shares during the period. Corient Capital Partners LLC purchased a new position in shares of Antero Resources during the third quarter valued at approximately $40,000. AE Wealth Management LLC purchased a new position in shares of Antero Resources during the third quarter valued at approximately $42,000. Finally, Eqis Capital Management Inc. purchased a new position in shares of Antero Resources during the third quarter valued at approximately $49,000. 95.63% of the stock is currently owned by hedge funds and other institutional investors.
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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