FY2024 EPS Forecast for Antero Resources Reduced by Analyst

Antero Resources Co. (NYSE:AR) – Equities researchers at Zacks Research dropped their FY2024 earnings per share (EPS) estimates for shares of Antero Resources in a research report issued to clients and investors on Tuesday, December 10th. Zacks Research analyst R. Department now expects that the oil and natural gas company will earn ($0.25) per share for the year, down from their prior forecast of ($0.19). The consensus estimate for Antero Resources’ current full-year earnings is ($0.19) per share. Zacks Research also issued estimates for Antero Resources’ Q1 2025 earnings at $0.43 EPS, Q2 2025 earnings at $0.22 EPS, Q3 2025 earnings at $0.50 EPS, Q4 2025 earnings at $0.87 EPS, FY2025 earnings at $2.01 EPS, Q1 2026 earnings at $0.64 EPS, Q2 2026 earnings at $0.73 EPS, Q3 2026 earnings at $0.60 EPS and FY2026 earnings at $2.64 EPS.

AR has been the subject of a number of other reports. Raymond James increased their price target on shares of Antero Resources from $34.00 to $44.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 21st. Wells Fargo & Company lowered their price objective on Antero Resources from $25.00 to $24.00 and set an “underweight” rating for the company in a research note on Friday, October 18th. Mizuho reduced their price objective on shares of Antero Resources from $37.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. Wolfe Research upgraded Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 target price on the stock in a research note on Wednesday, September 11th. Finally, Roth Mkm initiated coverage on Antero Resources in a report on Tuesday, August 27th. They issued a “buy” rating and a $32.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.06.

Antero Resources Stock Performance

Shares of AR stock opened at $32.37 on Friday. The firm has a market capitalization of $10.07 billion, a price-to-earnings ratio of 231.21 and a beta of 3.42. The stock has a fifty day moving average of $29.89 and a 200 day moving average of $29.82. Antero Resources has a 52 week low of $20.56 and a 52 week high of $36.28. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23.

Institutional Trading of Antero Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. UMB Bank n.a. boosted its position in Antero Resources by 357.3% during the 3rd quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock valued at $25,000 after acquiring an additional 686 shares in the last quarter. True Wealth Design LLC purchased a new position in Antero Resources during the 3rd quarter worth approximately $30,000. Capital Performance Advisors LLP acquired a new stake in Antero Resources during the 3rd quarter worth about $45,000. Mattson Financial Services LLC purchased a new stake in Antero Resources in the 2nd quarter worth approximately $64,000. Finally, Signaturefd LLC increased its holdings in Antero Resources by 19.9% in the third quarter. Signaturefd LLC now owns 4,222 shares of the oil and natural gas company’s stock valued at $121,000 after buying an additional 702 shares in 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.