Zacks Research Expects Lower Earnings for Antero Resources

Antero Resources Co. (NYSE:AR) – Research analysts at Zacks Research cut their Q4 2024 earnings estimates for Antero Resources in a research report issued to clients and investors on Tuesday, December 10th. Zacks Research analyst R. Department now anticipates that the oil and natural gas company will earn $0.11 per share for the quarter, down from their previous estimate of $0.14. The consensus estimate for Antero Resources’ current full-year earnings is ($0.19) per share.

Other equities research analysts have also recently issued research reports about the company. StockNews.com raised Antero Resources to a “sell” rating in a report on Friday, November 1st. Barclays decreased their price target on Antero Resources from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, October 3rd. Mizuho reduced their price objective on shares of Antero Resources from $37.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. The Goldman Sachs Group decreased their target price on Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a report on Friday, September 6th. Finally, Bank of America initiated coverage on shares of Antero Resources in a report on Monday, October 28th. They set a “buy” rating and a $36.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Antero Resources presently has an average rating of “Moderate Buy” and a consensus target price of $34.06.

Antero Resources Trading Down 2.1 %

Antero Resources stock opened at $32.37 on Thursday. Antero Resources has a 52-week low of $20.56 and a 52-week high of $36.28. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $10.07 billion, a price-to-earnings ratio of 231.21 and a beta of 3.42. The firm has a 50-day moving average price of $29.89 and a two-hundred day moving average price of $29.86.

Hedge Funds Weigh In On Antero Resources

Several hedge funds have recently bought and sold shares of the business. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Antero Resources by 269.4% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,967,300 shares of the oil and natural gas company’s stock worth $129,453,000 after buying an additional 2,893,395 shares during the last quarter. Natixis Advisors LLC lifted its position in shares of Antero Resources by 488.7% during the second quarter. Natixis Advisors LLC now owns 1,428,864 shares of the oil and natural gas company’s stock worth $46,624,000 after purchasing an additional 1,186,163 shares in the last quarter. Acadian Asset Management LLC boosted its position in Antero Resources by 7,781.2% in the 2nd quarter. Acadian Asset Management LLC now owns 953,859 shares of the oil and natural gas company’s stock valued at $31,113,000 after buying an additional 941,756 shares during the last quarter. HITE Hedge Asset Management LLC boosted its holdings in Antero Resources by 537.2% in the third quarter. HITE Hedge Asset Management LLC now owns 954,685 shares of the oil and natural gas company’s stock valued at $27,352,000 after acquiring an additional 804,851 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Antero Resources by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company’s stock valued at $500,231,000 after purchasing an additional 675,053 shares during the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

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.