Antero Resources (NYSE:AR) Announces Earnings Results, Misses Estimates By $0.01 EPS

Antero Resources (NYSE:AR) released its earnings results on Thursday. The oil and natural gas company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01), Yahoo Finance reports. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. Antero Resources’s revenue for the quarter was down 20.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 earnings per share.

Antero Resources Trading Up 1.2 %

Shares of AR stock traded up $0.41 on Friday, reaching $33.80. 7,919,516 shares of the company’s stock were exchanged, compared to its average volume of 4,347,436. The company’s fifty day simple moving average is $27.65 and its 200 day simple moving average is $25.44. Antero Resources has a 52 week low of $19.91 and a 52 week high of $34.24. The company has a current ratio of 0.29, a quick ratio of 0.33 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $10.51 billion, a PE ratio of 169.00 and a beta of 3.30.

Insider Activity at Antero Resources

In other news, insider Sheri Pearce sold 28,009 shares of Antero Resources stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total transaction of $736,356.61. Following the completion of the sale, the insider now directly owns 106,698 shares in the company, valued at $2,805,090.42. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Antero Resources news, Director W Howard Keenan, Jr. sold 232,293 shares of Antero Resources stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $25.85, for a total transaction of $6,004,774.05. Following the completion of the sale, the director now directly owns 3,000,000 shares of the company’s stock, valued at approximately $77,550,000. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Sheri Pearce sold 28,009 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total value of $736,356.61. Following the completion of the sale, the insider now owns 106,698 shares of the company’s stock, valued at $2,805,090.42. The disclosure for this sale can be found here. Insiders sold a total of 467,280 shares of company stock worth $12,153,605 in the last quarter. 5.95% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on AR shares. Scotiabank increased their target price on shares of Antero Resources from $26.00 to $36.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Barclays started coverage on Antero Resources in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $32.00 target price on the stock. Raymond James upped their price target on Antero Resources from $28.00 to $32.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, January 24th. Wells Fargo & Company lifted their price objective on shares of Antero Resources from $26.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 21st. Finally, Truist Financial decreased their target price on shares of Antero Resources from $28.00 to $27.00 and set a “hold” rating on the stock in a research report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Antero Resources presently has an average rating of “Hold” and a consensus price target of $30.69.

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.