Q3 2024 EPS Estimates for Antero Resources Co. Raised by Zacks Research (NYSE:AR)

Antero Resources Co. (NYSE:AR) – Analysts at Zacks Research lifted their Q3 2024 earnings per share estimates for shares of Antero Resources in a note issued to investors on Friday, July 12th. Zacks Research analyst U. Dutta now forecasts that the oil and natural gas company will post earnings of $0.11 per share for the quarter, up from their previous estimate of $0.07. The consensus estimate for Antero Resources’ current full-year earnings is $0.46 per share. Zacks Research also issued estimates for Antero Resources’ Q2 2026 earnings at $0.70 EPS and FY2026 earnings at $3.01 EPS.

A number of other equities research analysts also recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Antero Resources from $35.00 to $43.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. Jefferies Financial Group upped their price objective on Antero Resources from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Barclays initiated coverage on Antero Resources in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $32.00 target price on the stock. Truist Financial dropped their price target on Antero Resources from $28.00 to $27.00 and set a “hold” rating for the company in a research note on Friday, April 5th. Finally, Morgan Stanley upgraded Antero Resources from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $26.00 to $36.00 in a report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $34.08.

Antero Resources Stock Down 1.1 %

AR opened at $31.65 on Monday. Antero Resources has a 12 month low of $20.10 and a 12 month high of $36.28. The business has a 50-day moving average of $33.58 and a two-hundred day moving average of $28.79. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market capitalization of $9.84 billion, a price-to-earnings ratio of 158.25 and a beta of 3.40.

Antero Resources (NYSE:AR) last announced its quarterly earnings data on Wednesday, April 24th. The oil and natural gas company reported $0.03 EPS for the quarter. Antero Resources had a return on equity of 0.18% and a net margin of 1.50%. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.08 billion.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Oslo Asset Management AS increased its stake in shares of Antero Resources by 150.0% in the fourth quarter. Oslo Asset Management AS now owns 300,000 shares of the oil and natural gas company’s stock valued at $6,804,000 after purchasing an additional 180,000 shares during the period. Cerity Partners LLC acquired a new stake in Antero Resources in the 4th quarter valued at approximately $1,015,000. Eagle Asset Management Inc. raised its stake in Antero Resources by 9.3% during the 4th quarter. Eagle Asset Management Inc. now owns 3,340,434 shares of the oil and natural gas company’s stock valued at $75,761,000 after acquiring an additional 285,485 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Antero Resources by 129.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,508,156 shares of the oil and natural gas company’s stock worth $34,205,000 after acquiring an additional 850,940 shares during the period. Finally, M&T Bank Corp boosted its position in Antero Resources by 5.6% during the 4th quarter. M&T Bank Corp now owns 21,474 shares of the oil and natural gas company’s stock worth $487,000 after acquiring an additional 1,141 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

Insider Buying and Selling at Antero Resources

In related news, Director Robert J. Clark sold 10,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $33.67, for a total transaction of $336,700.00. Following the transaction, the director now directly owns 69,963 shares in the company, valued at $2,355,654.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Robert J. Clark sold 10,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $33.67, for a total transaction of $336,700.00. Following the completion of the sale, the director now owns 69,963 shares of the company’s stock, valued at approximately $2,355,654.21. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director W Howard Keenan, Jr. sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $34.53, for a total transaction of $3,453,000.00. Following the completion of the transaction, the director now directly owns 2,900,000 shares in the company, valued at approximately $100,137,000. The disclosure for this sale can be found here. Insiders have sold 476,377 shares of company stock worth $16,326,084 over the last quarter. 6.70% of the stock is owned by corporate insiders.

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.