Antero Resources (NYSE:AR) Posts Earnings Results

Antero Resources (NYSE:AR) released its quarterly earnings results on Wednesday. The oil and natural gas company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01), Yahoo Finance reports. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.06 billion. Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. The company’s revenue for the quarter was down 20.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.48 earnings per share.

Antero Resources Stock Up 6.2 %

Antero Resources stock opened at $33.38 on Friday. The firm has a market cap of $10.13 billion, a price-to-earnings ratio of 166.90 and a beta of 3.30. Antero Resources has a 52 week low of $19.91 and a 52 week high of $33.61. The business’s 50-day moving average price is $27.45 and its 200 day moving average price is $25.38. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.21.

Insider Activity at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 206,978 shares of Antero Resources stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $26.15, for a total transaction of $5,412,474.70. Following the sale, the director now owns 3,793,022 shares of the company’s stock, valued at approximately $99,187,525.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director W Howard Keenan, Jr. sold 206,978 shares of Antero Resources stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $26.15, for a total transaction of $5,412,474.70. Following the transaction, the director now owns 3,793,022 shares in the company, valued at approximately $99,187,525.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director W Howard Keenan, Jr. sold 232,293 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $25.85, for a total transaction of $6,004,774.05. Following the completion of the sale, the director now owns 3,000,000 shares in the company, valued at $77,550,000. The disclosure for this sale can be found here. In the last quarter, insiders have sold 467,280 shares of company stock valued at $12,153,605. 5.95% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on AR shares. Scotiabank boosted their price target on Antero Resources from $26.00 to $36.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Benchmark cut Antero Resources from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Mizuho increased their price target on Antero Resources from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Tudor, Pickering, Holt & Co. upgraded Antero Resources from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a report on Wednesday, January 17th. Finally, Wells Fargo & Company increased their price target on Antero Resources from $26.00 to $29.00 and gave the company an “overweight” rating in a report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Antero Resources currently has a consensus rating of “Hold” and an average price target of $30.69.

Antero Resources Company Profile

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.