Q4 EPS Estimate for Antero Resources Lowered by Analyst

Antero Resources Co. (NYSE:AR) – Analysts at Zacks Research decreased their Q4 2024 earnings per share estimates for Antero Resources in a research report issued on Tuesday, December 10th. Zacks Research analyst R. Department now expects that the oil and natural gas company will earn $0.11 per share for the quarter, down from their prior forecast of $0.14. The consensus estimate for Antero Resources’ current full-year earnings is ($0.19) per share.

Several other equities research analysts have also recently issued reports on the stock. Morgan Stanley decreased their price objective on shares of Antero Resources from $39.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Bank of America began coverage on Antero Resources in a research report on Monday, October 28th. They set a “buy” rating and a $36.00 price objective for the company. Scotiabank raised Antero Resources from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $40.00 to $44.00 in a research report on Tuesday, August 20th. JPMorgan Chase & Co. lowered their price target on Antero Resources from $37.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, September 12th. Finally, Truist Financial cut their price objective on shares of Antero Resources from $29.00 to $28.00 and set a “hold” rating on the stock in a report on Monday, September 30th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $34.06.

Antero Resources Stock Up 0.5 %

Shares of NYSE AR opened at $33.05 on Thursday. The stock has a market cap of $10.28 billion, a P/E ratio of 236.07 and a beta of 3.42. The business’s fifty day simple moving average is $29.84 and its 200-day simple moving average is $29.86. Antero Resources has a 12-month low of $20.34 and a 12-month high of $36.28. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23.

Institutional Trading of Antero Resources

A number of hedge funds have recently bought and sold shares of AR. Wellington Management Group LLP lifted its position in shares of Antero Resources by 4.0% in 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 purchasing an additional 675,053 shares in the last quarter. Geode Capital Management LLC increased its stake in Antero Resources by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company’s stock valued at $139,054,000 after buying an additional 61,490 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in Antero Resources by 10.4% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 4,378,849 shares of the oil and natural gas company’s stock valued at $125,452,000 after buying an additional 411,549 shares during the period. Merewether Investment Management LP lifted its position in Antero Resources by 4.6% in the 2nd quarter. Merewether Investment Management LP now owns 2,943,948 shares of the oil and natural gas company’s stock worth $96,061,000 after buying an additional 128,200 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Antero Resources by 4.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company’s stock valued at $76,342,000 after buying an additional 122,815 shares during the period. 83.04% of the stock is owned by hedge funds and other institutional investors.

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.