Antero Resources (NYSE:AR) Releases Earnings Results, Misses Expectations By $0.01 EPS

Antero Resources (NYSE:AR) announced its quarterly earnings results on Wednesday. The oil and natural gas company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01), Yahoo Finance reports. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Antero Resources had a return on equity of 2.10% and a net margin of 5.19%. Antero Resources’s revenue was down 20.3% compared to the same quarter last year. During the same period last year, the firm earned $0.48 EPS.

Antero Resources Stock Performance

NYSE AR traded up $1.37 on Thursday, hitting $32.81. The stock had a trading volume of 3,892,430 shares, compared to its average volume of 4,806,190. The company’s 50-day moving average is $27.45 and its two-hundred day moving average is $25.38. The stock has a market cap of $9.96 billion, a price-to-earnings ratio of 42.27 and a beta of 3.30. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.21. Antero Resources has a one year low of $19.91 and a one year high of $32.89.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AR. Mizuho lifted their price objective on Antero Resources from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Tudor, Pickering, Holt & Co. upgraded Antero Resources from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Wednesday, January 17th. Wells Fargo & Company lifted their price objective on Antero Resources from $26.00 to $29.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 21st. Raymond James upped their target price on shares of Antero Resources from $28.00 to $32.00 and gave the company a “strong-buy” rating in a report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Antero Resources from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $30.69.

Insiders Place Their Bets

In other Antero Resources news, Director W Howard Keenan, Jr. sold 206,978 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $26.15, for a total transaction of $5,412,474.70. Following the completion of the transaction, the director now directly owns 3,793,022 shares of the company’s stock, valued at approximately $99,187,525.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director W Howard Keenan, Jr. sold 206,978 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $26.15, for a total transaction of $5,412,474.70. Following the completion of the sale, the director now directly owns 3,793,022 shares of the company’s stock, valued at $99,187,525.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director W Howard Keenan, Jr. sold 232,293 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $25.85, for a total value of $6,004,774.05. Following the sale, the director now owns 3,000,000 shares in the company, valued at approximately $77,550,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 467,280 shares of company stock worth $12,153,605. 5.95% of the stock is owned by company insiders.

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.