FY2024 EPS Estimates for AR Boosted by Capital One Financial

Antero Resources Co. (NYSE:AR - Free Report) - Analysts at Capital One Financial upped their FY2024 earnings estimates for shares of Antero Resources in a research note issued on Tuesday, January 21st. Capital One Financial analyst B. Velie now forecasts that the oil and natural gas company will post earnings of ($0.11) per share for the year, up from their previous forecast of ($0.16). The consensus estimate for Antero Resources' current full-year earnings is ($0.12) per share.

Other analysts have also recently issued reports about the stock. Wells Fargo & Company upgraded shares of Antero Resources from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $24.00 to $32.00 in a research note on Tuesday, December 17th. Raymond James lifted their price objective on Antero Resources from $44.00 to $60.00 and gave the company a "strong-buy" rating in a research note on Thursday. UBS Group upped their price objective on Antero Resources from $35.00 to $39.00 and gave the stock a "neutral" rating in a research report on Friday, January 17th. Bank of America began coverage on shares of Antero Resources in a research note on Monday, October 28th. They issued a "buy" rating and a $36.00 target price for the company. Finally, Citigroup raised their price target on shares of Antero Resources from $29.00 to $35.00 and gave the company a "neutral" rating in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $38.63.

Antero Resources Stock Performance

AR stock traded down $0.24 during trading on Thursday, reaching $40.50. The company had a trading volume of 2,524,675 shares, compared to its average volume of 5,115,573. The company has a market cap of $12.60 billion, a price-to-earnings ratio of 289.89 and a beta of 3.37. Antero Resources has a twelve month low of $20.56 and a twelve month high of $41.53. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a 50-day simple moving average of $34.19 and a 200-day simple moving average of $30.25.

Hedge Funds Weigh In On Antero Resources

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP lifted its stake in shares of Antero Resources by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company's stock worth $500,231,000 after acquiring an additional 675,053 shares during the period. Geode Capital Management LLC lifted its position in Antero Resources by 1.3% in the third quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company's stock valued at $139,054,000 after purchasing an additional 61,490 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in Antero Resources by 10.4% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 4,378,849 shares of the oil and natural gas company's stock valued at $125,452,000 after purchasing an additional 411,549 shares in the last quarter. Merewether Investment Management LP increased its position in Antero Resources by 4.6% during the 2nd quarter. Merewether Investment Management LP now owns 2,943,948 shares of the oil and natural gas company's stock worth $96,061,000 after purchasing an additional 128,200 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Antero Resources by 4.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company's stock valued at $76,342,000 after buying an additional 122,815 shares during the period. Hedge funds and other institutional investors own 83.04% of the company's stock.

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.