FY2024 EPS Estimate for Antero Resources Raised by Analyst

Antero Resources Co. (NYSE:AR) – Analysts at Capital One Financial lifted their FY2024 earnings per share (EPS) estimates for Antero Resources in a research report issued on Wednesday, January 8th. Capital One Financial analyst B. Velie now anticipates that the oil and natural gas company will post earnings of ($0.16) per share for the year, up from their previous estimate of ($0.30). The consensus estimate for Antero Resources’ current full-year earnings is ($0.19) per share. Capital One Financial also issued estimates for Antero Resources’ Q4 2024 earnings at $0.20 EPS, Q1 2025 earnings at $0.61 EPS, Q2 2025 earnings at $0.66 EPS, Q3 2025 earnings at $0.69 EPS, Q4 2025 earnings at $0.72 EPS and FY2025 earnings at $2.68 EPS.

Several other research analysts have also recently issued reports on AR. Wells Fargo & Company upgraded shares of Antero Resources from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $24.00 to $32.00 in a report on Tuesday, December 17th. Morgan Stanley decreased their price objective on shares of Antero Resources from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Barclays dropped their target price on shares of Antero Resources from $32.00 to $30.00 and set an “equal weight” rating for the company in a report on Thursday, October 3rd. Bank of America started coverage on Antero Resources in a report on Monday, October 28th. They set a “buy” rating and a $36.00 price target on the stock. Finally, BMO Capital Markets increased their price objective on Antero Resources from $33.00 to $34.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $34.78.

Antero Resources Price Performance

AR opened at $37.81 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. Antero Resources has a 1 year low of $20.56 and a 1 year high of $37.93. The stock’s 50 day simple moving average is $32.23 and its 200 day simple moving average is $29.84. The firm has a market cap of $11.77 billion, a price-to-earnings ratio of 270.07 and a beta of 3.37.

Hedge Funds Weigh In On Antero Resources

Several large investors have recently made changes to their positions in AR. Victory Capital Management Inc. increased its position in Antero Resources by 2.7% during the 2nd quarter. Victory Capital Management Inc. now owns 740,778 shares of the oil and natural gas company’s stock valued at $24,172,000 after buying an additional 19,127 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of Antero Resources by 4.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 64,747 shares of the oil and natural gas company’s stock worth $2,113,000 after purchasing an additional 2,626 shares during the last quarter. NINE MASTS CAPITAL Ltd bought a new position in Antero Resources in the 2nd quarter worth about $392,000. William Blair Investment Management LLC grew its position in Antero Resources by 52.0% during the 2nd quarter. William Blair Investment Management LLC now owns 1,325,865 shares of the oil and natural gas company’s stock valued at $43,263,000 after purchasing an additional 453,854 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Antero Resources by 87.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 58,017 shares of the oil and natural gas company’s stock valued at $1,893,000 after purchasing an additional 27,105 shares in the last quarter. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Antero Resources Company Profile

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.