Antero Resources (NYSE:AR) Announces Earnings Results, Beats Estimates By $0.14 EPS

Antero Resources (NYSE:AR) posted its quarterly earnings results on Wednesday. The oil and natural gas company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14, Zacks reports. Antero Resources had a net margin of 1.03% and a negative return on equity of 0.59%.

Antero Resources Stock Down 1.6 %

AR traded down $0.63 during trading hours on Friday, hitting $39.52. 585,273 shares of the company’s stock were exchanged, compared to its average volume of 4,756,800. Antero Resources has a 12-month low of $22.01 and a 12-month high of $41.53. The firm has a 50 day moving average of $36.26 and a 200 day moving average of $31.11. The firm has a market cap of $12.30 billion, a P/E ratio of 282.82 and a beta of 3.33. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company upgraded shares of Antero Resources from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $24.00 to $32.00 in a research report on Tuesday, December 17th. Barclays boosted their target price on shares of Antero Resources from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Friday. StockNews.com upgraded shares of Antero Resources to a “sell” rating in a report on Thursday. JPMorgan Chase & Co. boosted their target price on shares of Antero Resources from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Tuesday, January 14th. Finally, UBS Group boosted their target price on shares of Antero Resources from $39.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $39.44.

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.