Zacks Research Weighs in on Antero Resources Co.’s Q1 2024 Earnings (NYSE:AR)

Antero Resources Co. (NYSE:AR) – Zacks Research lowered their Q1 2024 earnings per share (EPS) estimates for Antero Resources in a research report issued on Wednesday, April 24th. Zacks Research analyst A. Kanoria now anticipates that the oil and natural gas company will post earnings of $0.04 per share for the quarter, down from their previous forecast of $0.06. The consensus estimate for Antero Resources’ current full-year earnings is $0.33 per share. Zacks Research also issued estimates for Antero Resources’ Q2 2024 earnings at $0.04 EPS, Q3 2024 earnings at $0.08 EPS, Q4 2024 earnings at $0.28 EPS, FY2024 earnings at $0.45 EPS, Q1 2025 earnings at $0.67 EPS, Q2 2025 earnings at $0.43 EPS, Q1 2026 earnings at $0.86 EPS and FY2026 earnings at $3.19 EPS.

AR has been the topic of a number of other research reports. Barclays began coverage on Antero Resources in a report on Wednesday, April 10th. They set an “equal weight” rating and a $32.00 price target on the stock. Truist Financial reduced their target price on Antero Resources from $28.00 to $27.00 and set a “hold” rating on the stock in a report on Friday, April 5th. Benchmark downgraded Antero Resources from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Tudor, Pickering, Holt & Co. upgraded Antero Resources from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Wednesday, January 17th. Finally, StockNews.com upgraded Antero Resources to a “sell” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Antero Resources presently has an average rating of “Hold” and a consensus target price of $30.69.

Antero Resources Stock Up 1.2 %

Shares of NYSE:AR opened at $33.80 on Thursday. Antero Resources has a 1 year low of $19.91 and a 1 year high of $34.24. The company has a market cap of $10.26 billion, a PE ratio of 169.00 and a beta of 3.30. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.33 and a quick ratio of 0.33. The stock’s 50-day moving average is $27.65 and its 200 day moving average is $25.44.

Antero Resources (NYSE:AR) last released its earnings results on Thursday, April 25th. The oil and natural gas company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the firm posted $0.48 EPS. The company’s revenue was down 20.3% on a year-over-year basis.

Insider Buying and Selling

In related news, Director W Howard Keenan, Jr. sold 206,978 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $26.15, for a total value of $5,412,474.70. Following the transaction, the director now directly owns 3,793,022 shares of the company’s stock, valued at approximately $99,187,525.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director W Howard Keenan, Jr. sold 206,978 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $26.15, for a total value of $5,412,474.70. Following the transaction, the director now directly owns 3,793,022 shares of the company’s stock, valued at approximately $99,187,525.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sheri Pearce sold 28,009 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $26.29, for a total value of $736,356.61. Following the completion of the transaction, the insider now directly owns 106,698 shares in the company, valued at $2,805,090.42. The disclosure for this sale can be found here. Insiders have sold 467,280 shares of company stock worth $12,153,605 in the last 90 days. Insiders own 5.95% of the company’s stock.

Hedge Funds Weigh In On Antero Resources

Several hedge funds and other institutional investors have recently modified their holdings of the company. Lindbrook Capital LLC lifted its holdings in shares of Antero Resources by 35.1% during the 1st 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 period. Bank of New York Mellon Corp lifted its holdings in shares of Antero Resources by 11.6% during the 1st quarter. Bank of New York Mellon Corp now owns 8,840,690 shares of the oil and natural gas company’s stock valued at $256,380,000 after buying an additional 917,338 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new position in shares of Antero Resources during the 1st quarter valued at $35,734,000. Louisiana State Employees Retirement System increased its stake in shares of Antero Resources by 2.5% in the 1st quarter. Louisiana State Employees Retirement System now owns 81,300 shares of the oil and natural gas company’s stock worth $2,358,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Amalgamated Bank increased its stake in shares of Antero Resources by 9.3% in the 1st quarter. Amalgamated Bank now owns 192,168 shares of the oil and natural gas company’s stock worth $5,573,000 after purchasing an additional 16,375 shares in the last quarter. 83.04% of the stock is owned by institutional investors.

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.