Capital One Financial comments on Antero Resources Co.’s earnings for fiscal 2021 (NYSE: AR)


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Antero Resources Co. (NYSE: AR) – Stock research analysts at Capital One Financial lowered their earnings per share (EPS) estimates for fiscal 2021 for Antero Resources in a research report released to clients and to investors on Wednesday January 5. Capital One Financial analyst B. Velie now forecasts the oil and gas company to post earnings per share of $ 1.37 for the year, down from its previous forecast of $ 1.43. Capital One Financial also released Antero Resources earnings estimates for the fourth quarter of 2021 at $ 0.47 per share.

Other research analysts have also recently published reports on the company. Truist raised its price target on Antero Resources from $ 18.00 to $ 23.00 and gave the stock a “conservation” rating in a research note on Thursday, October 7. Raymond James raised his price target on Antero Resources from $ 19.00 to $ 32.00 and gave the stock a “strong buy” rating in a research note on Tuesday, October 26. Zacks Investment Research downgraded Antero Resources from a “buy” rating to a “hold” rating and set a price target of $ 20.00 for the company. in a research note on Tuesday, November 30. Northland Securities raised its price target on Antero Resources from $ 21.00 to $ 32.00 and rated the stock “outperforming” in a research note on Thursday, September 30. Finally, Benchmark began covering Antero Resources in a research note on Tuesday, October 26. They issued a “buy” note and a price target of $ 32.00 for the company. One investment analyst rated the stock with a sell rating, four issued a conservation rating, eight assigned a buy rating, and one gave the company a high buy rating. Based on data from MarketBeat, Antero Resources has a consensus rating of “Buy” and an average price target of $ 21.81.

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Antero Resources stock opened at $ 18.28 on Friday. The stock has a 50-day moving average of $ 18.38 and a 200-day moving average of $ 16.65. The company has a leverage ratio of 0.46, a quick ratio of 0.25, and a current ratio of 0.25. Antero Resources has a one-year low of $ 5.75 and a one-year high of $ 21.99. The stock has a market cap of $ 5.74 billion, a PE ratio of -5.56 and a beta of 4.35. Antero Resources (NYSE: AR) last released its quarterly earnings data on Tuesday, October 26. The oil and gas company reported earnings of $ 0.19 per share for the quarter, missing analyst consensus estimates of $ 0.31 per ($ 0.12). The company posted revenue of $ 534.42 million for the quarter, compared to analysts’ expectations of $ 1.23 billion. Antero Resources recorded a positive return on equity of 4.50% and a negative net margin of 28.79%. In the same quarter of last year, the company made earnings per share of $ 0.05.

In other Antero Resources news, insider Sheri Pearce sold 2,000 shares of Antero Resources in a trade on Monday, November 15. The stock was sold for an average price of $ 19.56, for a total value of $ 39,120.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Additionally, director W Howard Keenan, Jr. sold 176,712 shares of Antero Resources in a trade on Friday, November 19. The shares were sold for an average price of $ 18.44, for a total value of $ 3,258,569.28. Disclosure of this sale can be found here. During the last quarter, insiders sold 357,739 shares of the company valued at $ 6,602,528. 9.73% of the shares are currently held by insiders of the company.

Several hedge funds and other institutional investors have recently changed their holdings in the company. Capital Fund Management SA acquired a new position in Antero Resources during the 2nd quarter for an amount of $ 3,962,000. Balyasny Asset Management LLC acquired a new position in Antero Resources during the 2nd quarter for $ 27,041,000. Marshall Wace LLP acquired a new position in Antero Resources during the 2nd quarter valued at $ 8,539,000. Invesco Ltd. increased its stake in Antero Resources by 2.5% during the second quarter. Invesco Ltd. Now owns 1,996,122 shares of the oil and gas company valued at $ 30,001,000 after purchasing an additional 48,210 shares in the last quarter. Finally, Parkwood LLC acquired a new position in Antero Resources during the second quarter for an amount of $ 306,000. 73.39% of the shares are held by institutional investors and hedge funds.

About Antero Resources

Antero Resources Corp. is an independent oil and gas company. It is dedicated to the exploration, development and production of natural gas, NGLs and petroleum. The Company is focused on the commercialization and use of the Company’s excess transmission capacity, and on the equity method investment in Antero Midstream Corporation.

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