Q3 EPS Estimates for Antero Resources Cut by Zacks Research

Antero Resources Corporation (NYSE:AR) – Research analysts at Zacks Research dropped their Q3 2028 EPS estimates for Antero Resources in a report issued on Tuesday, September 22nd. Zacks Research analyst Team now forecasts that the oil and natural gas company will post earnings of $1.08 per share for the quarter, down from their previous estimate of $1.19. The consensus estimate for Antero Resources’ current full-year earnings is $4.21 per share.

A number of other research firms have also recently issued reports on AR. Barclays cut their price objective on Antero Resources from $46.00 to $45.00 and set an “equal weight” rating for the company in a report on Monday, August 17th. JPMorgan Chase & Co. dropped their target price on Antero Resources from $49.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, July 8th. Morgan Stanley reaffirmed an “overweight” rating and issued a $49.00 target price on shares of Antero Resources in a research note on Wednesday, August 19th. UBS Group increased their price target on shares of Antero Resources from $52.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, September 14th. Finally, Benchmark boosted their price objective on shares of Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Four analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $49.00.

Antero Resources Trading Up 2.0%

NYSE AR opened at $34.05 on Friday. The stock’s 50-day simple moving average is $36.72 and its two-hundred day simple moving average is $36.98. Antero Resources has a twelve month low of $29.10 and a twelve month high of $45.75. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $10.47 billion, a price-to-earnings ratio of 9.79 and a beta of 0.54.

Hedge Funds Weigh In On Antero Resources

Large investors have recently bought and sold shares of the stock. Fifth Third Wealth Advisors LLC increased its holdings in Antero Resources by 4.3% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 9,362 shares of the oil and natural gas company’s stock valued at $397,000 after acquiring an additional 389 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Antero Resources by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 80,875 shares of the oil and natural gas company’s stock valued at $2,842,000 after purchasing an additional 394 shares during the last quarter. Twin Capital Management Inc. grew its position in shares of Antero Resources by 1.5% during the first quarter. Twin Capital Management Inc. now owns 30,195 shares of the oil and natural gas company’s stock valued at $1,281,000 after purchasing an additional 437 shares in the last quarter. Hilton Head Capital Partners LLC grew its position in shares of Antero Resources by 35.3% during the first quarter. Hilton Head Capital Partners LLC now owns 1,739 shares of the oil and natural gas company’s stock valued at $74,000 after purchasing an additional 454 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Antero Resources by 6.0% in the second quarter. GAMMA Investing LLC now owns 8,556 shares of the oil and natural gas company’s stock worth $301,000 after purchasing an additional 481 shares during the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

About Antero Resources

Antero Resources Corporation (NYSE: AR) is an independent oil and natural gas company engaged in the acquisition, development and production of unconventional resources. The company’s operations are focused primarily on the Appalachian Basin, where it produces natural gas, natural gas liquids (NGLs) and crude oil.

Antero’s asset base is concentrated in the Marcellus and Utica shale formations in West Virginia and Ohio. Its products include pipeline-quality natural gas as well as NGLs such as ethane, propane, butane and natural gasoline.