Antero Resources Co. (NYSE:AR – Get a rating) – Stock analysts Capital One Financial raised their first-quarter 2022 earnings estimates for Antero Resources in a research report released Wednesday, April 13. Capital One Financial analyst B. Velie now expects the oil and gas company to post earnings of $1.08 per share for the quarter, up from its previous forecast of $1.07.
Anterior resources (NYSE:AR – Get a rating) last reported results on Wednesday, February 16. The oil and gas company reported earnings per share (EPS) of $0.45 for the quarter, missing Thomson Reuters consensus estimate of $0.62 per ($0.17). Antero Resources posted a positive return on equity of 7.44% and a negative net margin of 4.04%. The company posted revenue of $2.39 billion in the quarter, versus a consensus estimate of $1.39 billion. In the same quarter of the previous year, the company achieved EPS of ($0.05). The company’s revenues increased by 82.9% compared to the same quarter last year.
Several other research companies have also published reports on AR. StockNews.com alleged coverage of Antero Resources shares in a Thursday, March 31 research note. They issued a “holding” rating for the company. Goldman Sachs Group upgraded Antero Resources shares from a “neutral” rating to a “buy” rating and raised its price target for the stock from $21.00 to $24.00 in a report from Friday 21 January. Zacks Investment Research moved shares of Antero Resources from a “hold” rating to a “strong-buy” rating and set a price target of $36.00 on the stock in a Friday, April 8 report. Wells Fargo & Company set a price target of $38.00 on shares of Antero Resources in a report released Wednesday. Finally, Mizuho raised its price target on Antero Resources shares from $28.00 to $56.00 and gave the stock a “buy” rating in a Friday, April 8 report. Three equity research analysts gave the stock a hold rating, eight issued a buy rating and two gave the company’s stock a high buy rating. According to MarketBeat.com, the company currently has a consensus buy rating and an average target price of $30.90.
NYSE AR opened at $35.28 on Friday. Antero Resources has a 1-year low of $8.81 and a 1-year high of $35.86. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt ratio of 0.35. The company has a fifty-day moving average price of $26.14 and a 200-day moving average price of $21.45.
Several institutional investors and hedge funds have recently changed their positions in the company. Ritholtz Wealth Management purchased a new equity stake in Antero Resources during the first quarter worth approximately $366,000. Foundry Partners LLC bought a new position in shares of Antero Resources in the first quarter for a value of approximately $553,000. Deltec Asset Management LLC bought a new position in shares of Antero Resources in the first quarter for a value of approximately $6,808,000. BlackRock Inc. increased its position in shares of Antero Resources by 0.4% in the fourth quarter. BlackRock Inc. now owns 22,925,205 shares of the oil and gas company worth $401,189,000 after buying 94,788 additional shares in the last quarter. Finally, Pinnacle Wealth Management LLC bought a new position in shares of Antero Resources in the fourth quarter for a value of approximately $1,706,000. Hedge funds and other institutional investors hold 77.17% of the company’s shares.
Separately, director Robert J. Clark sold 10,000 shares of the company in a trade dated Friday, March 25. The stock was sold at an average price of $30.00, for a total transaction of $300,000.00. The sale was disclosed in a legal filing with the SEC, accessible via this link. 9.73% of the shares are held by company insiders.
Antero Resources Company Profile (Get a rating)
Antero Resources Corporation, an independent oil and gas company, acquires, explores, develops and produces natural gas, natural gas liquids and petroleum properties in the United States. As of December 31, 2021, it had approximately 502,000 net acres in the Appalachian Basin; and 174,000 net acres in Upper Devonian Shale.
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