Antero Resources (NYSE:AR) Issues Earnings Results

Antero Resources (NYSE:AR) announced its earnings results on Wednesday. The oil and natural gas company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.13, FiscalAI reports. The business had revenue of $1.41 billion during 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%. The company’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 EPS.

Antero Resources Price Performance

NYSE AR opened at $35.06 on Thursday. Antero Resources has a 12 month low of $29.10 and a 12 month high of $44.01. The stock has a market cap of $10.81 billion, a price-to-earnings ratio of 18.65 and a beta of 0.55. The company’s 50 day moving average is $34.18 and its two-hundred day moving average is $33.35. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.17.

Analyst Ratings Changes

AR has been the subject of a number of research reports. Tudor Pickering upgraded Antero Resources from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Benchmark restated a “hold” rating on shares of Antero Resources in a research note on Thursday, January 15th. 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 note on Monday, December 8th. UBS Group boosted their target price on shares of Antero Resources from $40.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Finally, BMO Capital Markets increased their price target on shares of Antero Resources from $37.00 to $40.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 9th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Antero Resources has a consensus rating of “Moderate Buy” and a consensus target price of $45.60.

Institutional Trading of Antero Resources

A number of hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp lifted its stake in shares of Antero Resources by 1.2% during the 3rd 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 in the last quarter. Sourcerock Group LLC raised its holdings in Antero Resources by 10.6% during the second 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 during the period. Raymond James Financial Inc. raised its holdings in Antero Resources by 3.2% during the third 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 period. AQR Capital Management LLC lifted its position in shares of Antero Resources by 140.2% in the third quarter. AQR Capital Management LLC now owns 3,467,536 shares of the oil and natural gas company’s stock valued at $116,371,000 after acquiring an additional 2,023,828 shares in the last quarter. Finally, Alyeska Investment Group L.P. boosted its stake in shares of Antero Resources by 9.9% in the third 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 acquiring an additional 264,666 shares during the period. 83.04% of the stock is owned by hedge funds and other institutional investors.

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.