Antero Resources (NYSE:AR) Posts Quarterly Earnings Results

Antero Resources (NYSE:AR) released its quarterly earnings results on Wednesday. The oil and natural gas company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.13, FiscalAI reports. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Antero Resources had a return on equity of 7.51% and a net margin of 11.73%.

Antero Resources Price Performance

NYSE:AR traded up $1.26 during mid-day trading on Wednesday, reaching $35.06. 6,818,625 shares of the stock were exchanged, compared to its average volume of 6,316,519. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.17. The business has a fifty day moving average price of $34.20 and a 200 day moving average price of $33.34. Antero Resources has a 1-year low of $29.10 and a 1-year high of $44.01. The firm has a market capitalization of $10.81 billion, a PE ratio of 18.65 and a beta of 0.55.

Hedge Funds Weigh In On Antero Resources

Several hedge funds have recently made changes to their positions in AR. Sunbelt Securities Inc. acquired a new stake in Antero Resources during the third quarter valued at approximately $30,000. IFP Advisors Inc increased its holdings in shares of Antero Resources by 59.2% in the third quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after buying an additional 345 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Antero Resources during the 4th quarter valued at $41,000. Parallel Advisors LLC lifted its position in shares of Antero Resources by 16.7% during the 4th quarter. Parallel Advisors LLC now owns 2,108 shares of the oil and natural gas company’s stock valued at $73,000 after acquiring an additional 301 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Antero Resources by 701.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company’s stock worth $120,000 after acquiring an additional 2,616 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on AR. Weiss Ratings restated a “hold (c)” rating on shares of Antero Resources in a research report on Monday, December 29th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $39.00 price target (down from $44.00) on shares of Antero Resources in a report on Monday, December 8th. BMO Capital Markets upped their price objective on shares of Antero Resources from $37.00 to $40.00 and gave the stock a “market perform” rating in a report on Tuesday, December 9th. Wall Street Zen lowered shares of Antero Resources from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Finally, UBS Group raised their target price on shares of Antero Resources from $40.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Three investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $45.60.

About Antero Resources

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.