Analysts Issue Forecasts for Antero Resources Co.'s Q3 2024 Earnings (NYSE:AR)

Antero Resources Co. (NYSE:AR - Free Report) - Investment analysts at Zacks Research cut their Q3 2024 earnings per share (EPS) estimates for shares of Antero Resources in a research note issued on Wednesday, October 2nd. Zacks Research analyst R. Department now forecasts that the oil and natural gas company will earn ($0.11) per share for the quarter, down from their prior forecast of ($0.01). The consensus estimate for Antero Resources' current full-year earnings is $0.02 per share. Zacks Research also issued estimates for Antero Resources' Q4 2024 earnings at $0.13 EPS, FY2024 earnings at ($0.19) EPS, Q1 2025 earnings at $0.44 EPS, Q4 2025 earnings at $0.55 EPS, Q1 2026 earnings at $0.94 EPS, Q2 2026 earnings at $0.56 EPS, Q3 2026 earnings at $0.66 EPS and FY2026 earnings at $2.96 EPS.

Antero Resources (NYSE:AR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.04). The business had revenue of $978.65 million during the quarter, compared to the consensus estimate of $980.20 million. Antero Resources had a net margin of 1.88% and a return on equity of 0.45%.

A number of other brokerages also recently issued reports on AR. Truist Financial reduced their price objective on Antero Resources from $29.00 to $28.00 and set a "hold" rating for the company in a research note on Monday, September 30th. Wolfe Research raised Antero Resources from a "peer perform" rating to an "outperform" rating and set a $37.00 price target on the stock in a research report on Wednesday, September 11th. Jefferies Financial Group upped their price target on Antero Resources from $40.00 to $41.00 and gave the company a "buy" rating in a research report on Thursday, July 11th. JPMorgan Chase & Co. dropped their price target on Antero Resources from $37.00 to $30.00 and set an "overweight" rating on the stock in a research report on Thursday, September 12th. Finally, Barclays dropped their price target on Antero Resources from $32.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Thursday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $32.59.

Antero Resources Stock Performance

NYSE:AR traded down $0.10 during trading on Monday, reaching $29.89. The company's stock had a trading volume of 2,577,512 shares, compared to its average volume of 4,146,555. The firm has a market cap of $9.29 billion, a price-to-earnings ratio of 149.45 and a beta of 3.33. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a 50 day moving average of $27.29 and a 200-day moving average of $30.41. Antero Resources has a 12 month low of $20.10 and a 12 month high of $36.28.

Insider Buying and Selling at Antero Resources

In other news, insider Yvette K. Schultz sold 50,000 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $25.24, for a total transaction of $1,262,000.00. Following the transaction, the insider now directly owns 248,363 shares in the company, valued at approximately $6,268,682.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Mattson Financial Services LLC bought a new position in shares of Antero Resources in the second quarter worth approximately $64,000. Capital Impact Advisors LLC purchased a new stake in Antero Resources during the 2nd quarter valued at $740,000. Creative Planning grew its holdings in Antero Resources by 6.8% in the 2nd quarter. Creative Planning now owns 21,056 shares of the oil and natural gas company's stock worth $687,000 after acquiring an additional 1,340 shares during the last quarter. Driehaus Capital Management LLC purchased a new position in shares of Antero Resources in the second quarter valued at about $17,307,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Antero Resources by 0.9% during the second quarter. The Manufacturers Life Insurance Company now owns 300,292 shares of the oil and natural gas company's stock valued at $9,799,000 after acquiring an additional 2,695 shares during the last quarter. 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.