AR FY2024 EPS Estimate Increased by Capital One Financial

Antero Resources Co. (NYSE:AR - Free Report) - Stock analysts at Capital One Financial increased their FY2024 earnings per share (EPS) estimates for shares of Antero Resources in a research note issued to investors on Wednesday, January 8th. Capital One Financial analyst B. Velie now forecasts that the oil and natural gas company will post earnings per share of ($0.16) for the year, up from their previous estimate of ($0.30). The consensus estimate for Antero Resources' current full-year earnings is ($0.19) per share. Capital One Financial also issued estimates for Antero Resources' Q4 2024 earnings at $0.20 EPS, Q1 2025 earnings at $0.61 EPS, Q2 2025 earnings at $0.66 EPS, Q3 2025 earnings at $0.69 EPS, Q4 2025 earnings at $0.72 EPS and FY2025 earnings at $2.68 EPS.

AR has been the topic of a number of other reports. Morgan Stanley dropped their target price on shares of Antero Resources from $39.00 to $38.00 and set an "overweight" rating on the stock in a report on Monday, September 16th. Wells Fargo & Company raised Antero Resources from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $24.00 to $32.00 in a report on Tuesday, December 17th. Raymond James raised their price objective on Antero Resources from $34.00 to $44.00 and gave the stock a "strong-buy" rating in a research note on Thursday, November 21st. Citigroup lifted their target price on Antero Resources from $29.00 to $35.00 and gave the stock a "neutral" rating in a report on Friday, December 6th. Finally, BMO Capital Markets upped their target price on Antero Resources from $33.00 to $34.00 and gave the company a "market perform" rating in a report on Friday, October 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $34.78.

Antero Resources Price Performance

Antero Resources stock traded up $0.48 during midday trading on Friday, hitting $38.34. The company's stock had a trading volume of 6,883,281 shares, compared to its average volume of 5,108,235. Antero Resources has a 12 month low of $20.56 and a 12 month high of $39.43. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $11.93 billion, a PE ratio of 273.86 and a beta of 3.37. The stock's 50-day moving average price is $32.23 and its 200-day moving average price is $29.84.

Institutional Investors Weigh In On Antero Resources

Several institutional investors have recently made changes to their positions in AR. UMB Bank n.a. raised its position in Antero Resources by 357.3% during the third quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company's stock valued at $25,000 after acquiring an additional 686 shares in the last quarter. True Wealth Design LLC bought a new position in shares of Antero Resources during the 3rd quarter valued at $30,000. Capital Performance Advisors LLP acquired a new stake in shares of Antero Resources in the 3rd quarter valued at $45,000. Mattson Financial Services LLC bought a new stake in Antero Resources in the second quarter worth $64,000. Finally, GAMMA Investing LLC boosted its holdings in Antero Resources by 15.8% in the fourth quarter. GAMMA Investing LLC now owns 3,064 shares of the oil and natural gas company's stock worth $107,000 after purchasing an additional 418 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

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.