Antero Resources (NYSE:AR) Issues Earnings Results, Beats Estimates By $0.13 EPS

Antero Resources (NYSE:AR) posted its quarterly earnings results on Wednesday. The oil and natural gas company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.49 by $0.13, FiscalAI reports. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.33 billion. Antero Resources had a net margin of 11.73% and a return on equity of 7.51%.

Antero Resources Price Performance

Shares of NYSE:AR traded up $1.26 during trading on Wednesday, reaching $35.06. The stock had a trading volume of 6,832,534 shares, compared to its average volume of 6,316,519. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.31 and a current ratio of 0.31. Antero Resources has a 1-year low of $29.10 and a 1-year high of $44.01. The stock has a market cap of $10.81 billion, a PE ratio of 18.65 and a beta of 0.55. The business has a fifty day moving average price of $34.20 and a 200-day moving average price of $33.34.

Wall Street Analyst Weigh In

AR has been the subject of several analyst reports. Wall Street Zen cut shares of Antero Resources from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $39.00 price objective (down previously from $44.00) on shares of Antero Resources in a research report on Monday, December 8th. Tudor Pickering upgraded Antero Resources from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Mizuho set a $47.00 price target on Antero Resources in a research note on Friday, December 12th. Finally, UBS Group increased their price target on Antero Resources from $40.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Three research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Antero Resources has an average rating of “Moderate Buy” and a consensus target price of $45.60.

Institutional Investors Weigh In On Antero Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in AR. State Street Corp raised its position in shares of Antero Resources by 1.2% in the third quarter. State Street Corp now owns 10,171,885 shares of the oil and natural gas company’s stock valued at $341,368,000 after buying an additional 116,461 shares during the last quarter. Sourcerock Group LLC grew its stake in Antero Resources by 10.6% during the 2nd quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company’s stock valued at $328,529,000 after acquiring an additional 783,117 shares in the last quarter. Raymond James Financial Inc. raised its holdings in Antero Resources by 3.2% in the 3rd quarter. Raymond James Financial Inc. now owns 4,508,542 shares of the oil and natural gas company’s stock valued at $151,307,000 after acquiring an additional 140,416 shares during the last quarter. AQR Capital Management LLC lifted its stake in Antero Resources by 140.2% in the 3rd quarter. AQR Capital Management LLC now owns 3,467,536 shares of the oil and natural gas company’s stock worth $116,371,000 after purchasing an additional 2,023,828 shares in the last quarter. Finally, Alyeska Investment Group L.P. boosted its holdings in shares of Antero Resources by 9.9% during the 3rd quarter. Alyeska Investment Group L.P. now owns 2,933,662 shares of the oil and natural gas company’s stock worth $98,454,000 after purchasing an additional 264,666 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Company Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.