Zacks Research Predicts Lower Earnings for Antero Resources

Antero Resources Co. (NYSE:AR - Free Report) - Analysts at Zacks Research lowered their Q4 2024 EPS estimates for Antero Resources in a note issued to investors on Tuesday, December 10th. Zacks Research analyst R. Department now anticipates that the oil and natural gas company will earn $0.11 per share for the quarter, down from their prior estimate of $0.14. The consensus estimate for Antero Resources' current full-year earnings is ($0.19) per share.

Other analysts have also issued reports about the stock. Raymond James boosted their price objective on shares of Antero Resources from $34.00 to $44.00 and gave the company a "strong-buy" rating in a report on Thursday, November 21st. Truist Financial reduced their price target on shares of Antero Resources from $29.00 to $28.00 and set a "hold" rating on the stock in a research note on Monday, September 30th. Roth Capital raised shares of Antero Resources to a "strong-buy" rating in a research report on Tuesday, August 27th. Bank of America initiated coverage on Antero Resources in a research report on Monday, October 28th. They issued a "buy" rating and a $36.00 target price on the stock. Finally, Wells Fargo & Company lowered their price target on Antero Resources from $25.00 to $24.00 and set an "underweight" rating for the company in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.06.

Antero Resources Trading Down 0.1 %

NYSE:AR traded down $0.03 on Thursday, reaching $32.87. The company's stock had a trading volume of 2,226,743 shares, compared to its average volume of 4,062,335. The firm has a market cap of $10.23 billion, a price-to-earnings ratio of 235.07 and a beta of 3.42. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. Antero Resources has a 12-month low of $20.34 and a 12-month high of $36.28. The stock has a 50 day moving average price of $29.78 and a 200 day moving average price of $29.84.

Institutional Investors Weigh In On Antero Resources

Several hedge funds and other institutional investors have recently bought and sold shares of AR. Vaughan Nelson Investment Management L.P. lifted its stake in Antero Resources by 269.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,967,300 shares of the oil and natural gas company's stock valued at $129,453,000 after buying an additional 2,893,395 shares during the last quarter. Natixis Advisors LLC grew its position in Antero Resources by 488.7% during the 2nd quarter. Natixis Advisors LLC now owns 1,428,864 shares of the oil and natural gas company's stock worth $46,624,000 after purchasing an additional 1,186,163 shares during the last quarter. Acadian Asset Management LLC increased its stake in Antero Resources by 7,781.2% in the second quarter. Acadian Asset Management LLC now owns 953,859 shares of the oil and natural gas company's stock valued at $31,113,000 after purchasing an additional 941,756 shares during the period. HITE Hedge Asset Management LLC raised its holdings in shares of Antero Resources by 537.2% in the third quarter. HITE Hedge Asset Management LLC now owns 954,685 shares of the oil and natural gas company's stock valued at $27,352,000 after buying an additional 804,851 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Antero Resources by 4.0% during the third 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 buying an additional 675,053 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

About Antero Resources

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.