Antero Resources Corp (NYSE:AR) – Equities researchers at Jefferies Financial Group dropped their Q2 2019 earnings estimates for Antero Resources in a research report issued to clients and investors on Monday, July 15th. Jefferies Financial Group analyst M. Lear now forecasts that the oil and natural gas company will post earnings of ($0.23) per share for the quarter, down from their previous estimate of ($0.02). Jefferies Financial Group also issued estimates for Antero Resources’ Q3 2019 earnings at ($0.21) EPS, Q4 2019 earnings at ($0.01) EPS, FY2019 earnings at ($0.13) EPS, Q1 2020 earnings at ($0.06) EPS, Q2 2020 earnings at ($0.08) EPS, Q3 2020 earnings at ($0.07) EPS, Q4 2020 earnings at $0.00 EPS and FY2020 earnings at ($0.22) EPS.
Several other research firms have also recently commented on AR. Capital One Financial upgraded shares of Antero Resources from an “underweight” rating to an “equal weight” rating in a report on Tuesday, June 18th. Goldman Sachs Group cut shares of Encana to a “buy” rating in a report on Friday, April 12th. Macquarie initiated coverage on shares of Antero Resources in a report on Wednesday, May 29th. They set an “underperform” rating and a $5.50 price target for the company. Stifel Nicolaus set a $17.00 price target on shares of Antero Resources and gave the stock a “buy” rating in a report on Friday, March 22nd. Finally, Zacks Investment Research cut shares of Farmland Partners from a “hold” rating to a “sell” rating in a report on Friday, July 12th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $13.48.
NYSE AR opened at $4.92 on Wednesday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.78. Antero Resources has a 52 week low of $4.84 and a 52 week high of $21.62. The firm has a market cap of $1.58 billion, a PE ratio of 6.39, a PEG ratio of 0.43 and a beta of 0.74. The business’s 50 day moving average price is $5.80.
Antero Resources (NYSE:AR) last posted its quarterly earnings results on Wednesday, May 1st. The oil and natural gas company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.05). Antero Resources had a positive return on equity of 3.70% and a negative net margin of 9.58%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter last year, the firm earned $0.44 EPS. The company’s revenue was up 7.9% on a year-over-year basis.
In other Antero Resources news, insider Glen C. Warren, Jr. purchased 25,000 shares of Antero Resources stock in a transaction that occurred on Wednesday, May 22nd. The stock was purchased at an average price of $6.93 per share, for a total transaction of $173,250.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director James R. Levy sold 16,094,190 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $6.17, for a total transaction of $99,301,152.30. Following the completion of the sale, the director now owns 116,214 shares of the company’s stock, valued at approximately $717,040.38. The disclosure for this sale can be found here. In the last 90 days, insiders bought 48,050 shares of company stock valued at $330,062. Company insiders own 9.70% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Sanders Morris Harris LLC raised its position in Antero Resources by 4.5% in the 1st quarter. Sanders Morris Harris LLC now owns 66,000 shares of the oil and natural gas company’s stock valued at $582,000 after purchasing an additional 2,864 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Antero Resources by 100.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 6,400 shares of the oil and natural gas company’s stock valued at $35,000 after purchasing an additional 3,200 shares during the last quarter. QS Investors LLC raised its position in Antero Resources by 16.5% in the 4th quarter. QS Investors LLC now owns 23,117 shares of the oil and natural gas company’s stock valued at $218,000 after purchasing an additional 3,280 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in Antero Resources by 8.5% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 43,427 shares of the oil and natural gas company’s stock valued at $384,000 after purchasing an additional 3,400 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in Antero Resources by 3,191.9% in the 1st quarter. Quadrant Capital Group LLC now owns 3,654 shares of the oil and natural gas company’s stock valued at $31,000 after purchasing an additional 3,543 shares during the last quarter. Hedge funds and other institutional investors own 95.13% of the company’s stock.
Antero Resources Company Profile
Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2018, the company had approximately 486,000 net acres in the southwestern core of the Marcellus Shale; 125,000 net acres in the core of the Utica Shale; and 209,000 net acres of Marcellus Shale leasehold.