FY2018 EPS Estimates for Antero Resources Corp (AR) Lifted by Capital One Financial
Antero Resources Corp (NYSE:AR) – Stock analysts at Capital One Financial increased their FY2018 earnings per share estimates for Antero Resources in a research report issued to clients and investors on Tuesday, January 8th. Capital One Financial analyst B. Velie now expects that the oil and natural gas company will post earnings per share of $0.93 for the year, up from their prior forecast of $0.92. Capital One Financial has a “Equal Weight” rating on the stock. Capital One Financial also issued estimates for Antero Resources’ Q4 2018 earnings at $0.40 EPS.
Other equities analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Antero Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, December 11th. TD Securities reduced their price objective on shares of Antero Resources from $24.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, December 19th. Scotiabank set a $19.00 price objective on shares of Antero Resources and gave the company a “hold” rating in a research report on Thursday, December 20th. BMO Capital Markets set a $15.00 price objective on shares of Antero Resources and gave the company a “hold” rating in a research report on Monday, November 12th. Finally, Raymond James cut shares of Antero Resources from an “outperform” rating to an “underperform” rating in a report on Wednesday, December 19th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $21.04.
Antero Resources (NYSE:AR) last announced its earnings results on Wednesday, October 31st. The oil and natural gas company reported $0.23 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.23. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.10 billion. Antero Resources had a net margin of 5.12% and a return on equity of 2.80%. Antero Resources’s revenue was up 38.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.01 EPS.
In other news, Director Robert J. Clark sold 20,429 shares of the stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $12.80, for a total value of $261,491.20. Following the completion of the sale, the director now directly owns 26,924 shares of the company’s stock, valued at $344,627.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard W. Connor sold 6,907 shares of the stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $16.49, for a total transaction of $113,896.43. Following the completion of the sale, the director now directly owns 26,059 shares of the company’s stock, valued at $429,712.91. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,336 shares of company stock valued at $388,888. Corporate insiders own 9.40% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of AR. Fuller & Thaler Asset Management Inc. raised its position in Antero Resources by 114.5% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 8,900 shares of the oil and natural gas company’s stock valued at $158,000 after acquiring an additional 4,750 shares in the last quarter. Sheaff Brock Investment Advisors LLC bought a new position in Antero Resources during the third quarter valued at approximately $177,000. Cerebellum GP LLC bought a new position in Antero Resources during the fourth quarter valued at approximately $195,000. MHI Funds LLC bought a new position in Antero Resources during the third quarter valued at approximately $253,000. Finally, Standard Life Aberdeen plc bought a new position in Antero Resources during the second quarter valued at approximately $254,000. 95.92% of the stock is owned by institutional investors and hedge funds.
About Antero Resources
Antero Resources Corporation, an independent oil and natural gas company, acquires, explores, produces, and develops natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2017 had approximately 484,000 net acres in the southwestern core of the Marcellus Shale; approximately 137,000 net acres in the core of the Utica Shale; and approximately 214,000 net acres of Marcellus Shale leasehold.
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