Q3 2024 EPS Estimates for Antero Resources Co. Lifted by Capital One Financial (NYSE:AR)

Antero Resources Co. (NYSE:AR) – Stock analysts at Capital One Financial increased their Q3 2024 EPS estimates for Antero Resources in a note issued to investors on Thursday, July 11th. Capital One Financial analyst B. Velie now forecasts that the oil and natural gas company will post earnings per share of $0.27 for the quarter, up from their previous estimate of $0.22. The consensus estimate for Antero Resources’ current full-year earnings is $0.46 per share. Capital One Financial also issued estimates for Antero Resources’ Q4 2024 earnings at $0.33 EPS.

A number of other equities analysts have also recently commented on AR. Scotiabank increased their target price on Antero Resources from $36.00 to $40.00 and gave the company a “sector perform” rating in a report on Tuesday, April 30th. StockNews.com upgraded Antero Resources to a “sell” rating in a report on Friday, April 26th. Mizuho upped their target price on shares of Antero Resources from $29.00 to $37.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Wells Fargo & Company raised their price target on shares of Antero Resources from $35.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Antero Resources from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $34.08.

Antero Resources Stock Performance

AR opened at $32.56 on Monday. The company has a market cap of $10.12 billion, a price-to-earnings ratio of 162.80 and a beta of 3.39. Antero Resources has a 52-week low of $20.10 and a 52-week high of $36.28. The firm’s fifty day simple moving average is $33.68 and its two-hundred day simple moving average is $28.67. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, April 24th. The oil and natural gas company reported $0.03 earnings per share for the quarter. Antero Resources had a return on equity of 0.18% and a net margin of 1.50%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.08 billion.

Insider Buying and Selling at Antero Resources

In related news, insider Sheri Pearce sold 16,377 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $35.50, for a total transaction of $581,383.50. Following the transaction, the insider now owns 77,460 shares of the company’s stock, valued at approximately $2,749,830. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Antero Resources news, Director W Howard Keenan, Jr. sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $34.53, for a total transaction of $3,453,000.00. Following the completion of the transaction, the director now owns 2,900,000 shares in the company, valued at approximately $100,137,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sheri Pearce sold 16,377 shares of Antero Resources stock in a transaction on Monday, May 20th. The stock was sold at an average price of $35.50, for a total transaction of $581,383.50. Following the sale, the insider now directly owns 77,460 shares of the company’s stock, valued at $2,749,830. The disclosure for this sale can be found here. Insiders have sold 476,377 shares of company stock valued at $16,326,084 over the last 90 days. 6.70% of the stock is owned by insiders.

Institutional Trading of Antero Resources

Institutional investors have recently bought and sold shares of the business. Benjamin F. Edwards & Company Inc. lifted its position in Antero Resources by 11.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,384 shares of the oil and natural gas company’s stock valued at $98,000 after acquiring an additional 343 shares during the last quarter. Lindbrook Capital LLC increased its position in Antero Resources by 35.1% in 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 acquiring an additional 519 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of Antero Resources by 28.0% in the fourth quarter. Quadrant Capital Group LLC now owns 2,752 shares of the oil and natural gas company’s stock valued at $62,000 after purchasing an additional 602 shares during the period. Confluence Investment Management LLC increased its stake in Antero Resources by 3.4% in the 2nd quarter. Confluence Investment Management LLC now owns 18,499 shares of the oil and natural gas company’s stock valued at $604,000 after buying an additional 616 shares during the period. Finally, GAMMA Investing LLC raised its position in Antero Resources by 27.8% during the 2nd quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock worth $98,000 after buying an additional 655 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, 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.