Zacks Research Has Negative Outlook for AR FY2024 Earnings

Antero Resources Co. (NYSE:AR) – Stock analysts at Zacks Research decreased their FY2024 earnings estimates for shares of Antero Resources in a research report issued to clients and investors on Tuesday, December 10th. Zacks Research analyst R. Department now forecasts that the oil and natural gas company will earn ($0.25) per share for the year, down from their previous estimate of ($0.19). The consensus estimate for Antero Resources’ current full-year earnings is ($0.19) per share. Zacks Research also issued estimates for Antero Resources’ Q1 2025 earnings at $0.43 EPS, Q2 2025 earnings at $0.22 EPS, Q3 2025 earnings at $0.50 EPS, Q4 2025 earnings at $0.87 EPS, FY2025 earnings at $2.01 EPS, Q1 2026 earnings at $0.64 EPS, Q2 2026 earnings at $0.73 EPS, Q3 2026 earnings at $0.60 EPS and FY2026 earnings at $2.64 EPS.

Several other brokerages have also recently weighed in on AR. Citigroup boosted their price target on shares of Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Wolfe Research upgraded Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 price objective on the stock in a report on Wednesday, September 11th. The Goldman Sachs Group cut their target price on Antero Resources from $36.00 to $32.00 and set a “buy” rating for the company in a research note on Friday, September 6th. StockNews.com upgraded shares of Antero Resources to a “sell” rating in a report on Friday, November 1st. Finally, Mizuho lowered 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. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Antero Resources currently has an average rating of “Moderate Buy” and a consensus target price of $34.06.

Antero Resources Price Performance

AR stock opened at $32.37 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. The business has a 50 day simple moving average of $29.89 and a 200-day simple moving average of $29.82. The firm has a market capitalization of $10.07 billion, a PE ratio of 231.21 and a beta of 3.42. Antero Resources has a 1 year low of $20.56 and a 1 year high of $36.28.

Institutional Trading of Antero Resources

Hedge funds and other institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. boosted its stake in shares of Antero Resources by 357.3% during the 3rd quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock worth $25,000 after acquiring an additional 686 shares in the last quarter. True Wealth Design LLC acquired a new stake in Antero Resources in the third quarter valued at $30,000. Capital Performance Advisors LLP acquired a new position in shares of Antero Resources during the 3rd quarter worth $45,000. Mattson Financial Services LLC acquired a new position in Antero Resources during the second quarter worth about $64,000. Finally, Innealta Capital LLC purchased a new stake in shares of Antero Resources in the second quarter valued at about $137,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

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.