Antero Resources (NYSE:AR) Releases Earnings Results, Misses Estimates By $0.08 EPS

Antero Resources (NYSE:AR) issued its quarterly earnings results on Wednesday. The oil and natural gas company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.08), Morningstar.com reports. Antero Resources had a positive return on equity of 3.70% and a negative net margin of 9.58%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the firm earned $0.02 earnings per share. The firm’s quarterly revenue was up .1% compared to the same quarter last year.

AR stock traded up $0.14 during trading on Friday, reaching $4.65. 13,292,496 shares of the stock were exchanged, compared to its average volume of 9,170,521. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.78. The stock has a 50 day simple moving average of $5.18. Antero Resources has a 1 year low of $3.95 and a 1 year high of $20.21. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 6.04, a price-to-earnings-growth ratio of 1.16 and a beta of 0.74.

A number of research analysts recently commented on the company. Capital One Financial upgraded Antero Resources from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, June 18th. Zacks Investment Research upgraded Antero Resources from a “hold” rating to a “buy” rating and set a $5.50 target price for the company in a research note on Friday, July 12th. Macquarie upgraded Antero Resources from an “underperform” rating to a “neutral” rating in a research report on Friday. They noted that the move was a valuation call. TD Securities lowered their price target on Antero Resources from $9.00 to $7.50 and set a “buy” rating on the stock in a research report on Friday. Finally, Canaccord Genuity reiterated an “average” rating and issued a $3.50 price target on shares of Antero Resources in a research report on Wednesday, June 26th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the stock. Antero Resources has an average rating of “Hold” and a consensus target price of $12.65.

In other news, Director James R. Levy sold 16,094,190 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $6.17, for a total value of $99,301,152.30. Following the completion of the transaction, the director now owns 116,214 shares in the company, valued at approximately $717,040.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Glen C. Warren, Jr. purchased 25,000 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was bought at an average price of $6.93 per share, with a total value of $173,250.00. The disclosure for this purchase can be found here. Insiders have acquired 48,050 shares of company stock worth $330,062 over the last ninety days. 9.70% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in AR. Northern Trust Corp raised its holdings in Antero Resources by 11.1% in the fourth quarter. Northern Trust Corp now owns 1,470,124 shares of the oil and natural gas company’s stock valued at $13,804,000 after buying an additional 147,335 shares during the period. Two Sigma Advisers LP acquired a new position in shares of Antero Resources during the fourth quarter valued at $1,134,000. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Antero Resources by 9.9% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 352,285 shares of the oil and natural gas company’s stock valued at $3,308,000 after acquiring an additional 31,675 shares during the period. Legal & General Group Plc boosted its holdings in shares of Antero Resources by 6.2% during the fourth quarter. Legal & General Group Plc now owns 1,079,030 shares of the oil and natural gas company’s stock valued at $10,132,000 after acquiring an additional 62,766 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Antero Resources by 10.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 119,029 shares of the oil and natural gas company’s stock valued at $1,118,000 after acquiring an additional 10,817 shares during the period. Institutional investors and hedge funds own 95.02% of the company’s stock.

About Antero Resources

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2018, the company had approximately 486,000 net acres in the southwestern core of the Marcellus Shale; 125,000 net acres in the core of the Utica Shale; and 209,000 net acres of Marcellus Shale leasehold.

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Earnings History for Antero Resources (NYSE:AR)

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