Equities Analysts Issue Forecasts for Antero Resources Co.’s Q3 2024 Earnings (NYSE:AR)

Antero Resources Co. (NYSE:AR) – Equities research analysts at Capital One Financial dropped their Q3 2024 earnings estimates for shares of Antero Resources in a report issued on Tuesday, September 17th. Capital One Financial analyst B. Velie now forecasts that the oil and natural gas company will post earnings of ($0.22) per share for the quarter, down from their previous estimate of $0.13. The consensus estimate for Antero Resources’ current full-year earnings is $0.34 per share. Capital One Financial also issued estimates for Antero Resources’ Q4 2024 earnings at ($0.01) EPS, FY2024 earnings at ($0.43) EPS, Q1 2025 earnings at $0.40 EPS, Q2 2025 earnings at $0.41 EPS, Q3 2025 earnings at $0.44 EPS, Q4 2025 earnings at $0.45 EPS and FY2025 earnings at $1.70 EPS.

Several other equities analysts also recently issued reports on AR. Morgan Stanley reduced their price target on shares of Antero Resources from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Scotiabank upgraded shares of Antero Resources from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $40.00 to $44.00 in a research report on Tuesday, August 20th. Citigroup assumed coverage on shares of Antero Resources in a research note on Tuesday, September 17th. They issued a “neutral” rating and a $29.00 price target on the stock. Mizuho reduced their price objective on Antero Resources from $37.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. Finally, Roth Capital upgraded Antero Resources to a “strong-buy” rating in a research report on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Antero Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.13.

Antero Resources Price Performance

Shares of AR opened at $27.44 on Friday. Antero Resources has a 12 month low of $20.10 and a 12 month high of $36.28. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a fifty day moving average price of $27.57 and a 200 day moving average price of $30.18. The company has a market cap of $8.53 billion, a P/E ratio of 137.20 and a beta of 3.33.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). The company had revenue of $978.65 million for the quarter, compared to analyst estimates of $980.20 million. Antero Resources had a return on equity of 0.45% and a net margin of 1.88%.

Insiders Place Their Bets

In related news, insider Yvette K. Schultz sold 50,000 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $25.24, for a total transaction of $1,262,000.00. Following the completion of the sale, the insider now directly owns 248,363 shares of the company’s stock, valued at $6,268,682.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its position in shares of Antero Resources by 1,311.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock worth $28,000 after buying an additional 892 shares during the period. Mather Group LLC. acquired a new stake in Antero Resources during the 1st quarter worth about $37,000. Lindbrook Capital LLC grew its stake in Antero Resources by 35.1% during 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 in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Antero Resources by 28.0% in the 4th 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. Finally, GAMMA Investing LLC lifted its position in shares of Antero Resources by 27.8% in the second quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock worth $98,000 after purchasing an additional 655 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

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.