Antero Resources Co. (NYSE:AR – Free Report) – Capital One Financial raised their Q3 2023 earnings per share (EPS) estimates for shares of Antero Resources in a research note issued to investors on Tuesday, October 3rd. Capital One Financial analyst B. Velie now forecasts that the oil and natural gas company will post earnings per share of $0.16 for the quarter, up from their previous estimate of $0.02. The consensus estimate for Antero Resources’ current full-year earnings is $0.43 per share. Capital One Financial also issued estimates for Antero Resources’ FY2023 earnings at $1.00 EPS, Q4 2024 earnings at $0.92 EPS and FY2024 earnings at $3.47 EPS.
Several other equities analysts also recently commented on the company. Wells Fargo & Company raised their target price on Antero Resources from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Friday, September 1st. Mizuho cut their target price on Antero Resources from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Monday, September 18th. Truist Financial lifted their price objective on Antero Resources from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, September 11th. Benchmark cut their price objective on Antero Resources from $36.00 to $32.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, The Goldman Sachs Group lifted their price objective on Antero Resources from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $34.00.
Antero Resources Price Performance
Shares of NYSE:AR opened at $25.65 on Friday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $7.70 billion, a PE ratio of 5.78 and a beta of 3.47. Antero Resources has a 1-year low of $19.91 and a 1-year high of $40.19. The business’s 50 day moving average is $26.47 and its 200-day moving average is $23.91.
Antero Resources (NYSE:AR – Get Free Report) last announced its quarterly earnings data on Thursday, July 27th. The oil and natural gas company reported ($0.28) earnings per share for the quarter, topping the consensus estimate of ($0.29) by $0.01. Antero Resources had a return on equity of 13.17% and a net margin of 21.81%. The company had revenue of $953.31 million for the quarter, compared to analyst estimates of $935.87 million. During the same quarter last year, the firm earned $1.69 EPS. Antero Resources’s revenue for the quarter was down 56.7% compared to the same quarter last year.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of AR. PointState Capital LP acquired a new position in Antero Resources during the first quarter valued at approximately $126,793,000. Goldman Sachs Group Inc. boosted its position in Antero Resources by 66.1% during the first quarter. Goldman Sachs Group Inc. now owns 6,323,092 shares of the oil and natural gas company’s stock valued at $193,043,000 after purchasing an additional 2,517,137 shares during the last quarter. Renaissance Technologies LLC boosted its position in Antero Resources by 83.8% during the first quarter. Renaissance Technologies LLC now owns 5,293,239 shares of the oil and natural gas company’s stock valued at $122,221,000 after purchasing an additional 2,414,100 shares during the last quarter. Palo Duro Investment Partners LP acquired a new position in Antero Resources during the first quarter valued at approximately $45,267,000. Finally, Morgan Stanley boosted its position in Antero Resources by 141.6% during the fourth quarter. Morgan Stanley now owns 3,068,962 shares of the oil and natural gas company’s stock valued at $95,107,000 after purchasing an additional 1,798,519 shares during the last quarter. 80.20% of the stock is currently owned by institutional investors.
About Antero Resources
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 through three segments: Exploration, Development and Production of Natural Gas, NGLs and Oil; Marketing and Utilization of Excess Firm Transportation Capacity; and Midstream Services Through Our Equity Method Investment in Antero Midstream.
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