Research Analysts Offer Predictions for AR FY2024 Earnings

Antero Resources Co. (NYSE:AR) – Equities researchers at Capital One Financial increased their FY2024 earnings per share estimates for shares of Antero Resources in a research note issued to investors on Tuesday, January 21st. Capital One Financial analyst B. Velie now forecasts that the oil and natural gas company will post earnings per share of ($0.11) for the year, up from their prior estimate of ($0.16). The consensus estimate for Antero Resources’ current full-year earnings is ($0.12) per share.

Several other equities research analysts also recently weighed in on the company. Truist Financial raised their price objective on Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a report on Monday, January 13th. Benchmark reaffirmed a “hold” rating on shares of Antero Resources in a report on Friday, January 17th. Citigroup lifted their target price on Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. BMO Capital Markets lifted their target price on Antero Resources from $33.00 to $34.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. Finally, JPMorgan Chase & Co. lifted their target price on Antero Resources from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $38.63.

Antero Resources Trading Down 0.6 %

NYSE AR opened at $40.50 on Thursday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. Antero Resources has a twelve month low of $20.56 and a twelve month high of $41.53. The company has a market cap of $12.60 billion, a price-to-earnings ratio of 289.31 and a beta of 3.37. The business’s fifty day moving average is $34.40 and its 200 day moving average is $30.32.

Institutional Trading of Antero Resources

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AR. HITE Hedge Asset Management LLC increased its position in Antero Resources by 537.2% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 954,685 shares of the oil and natural gas company’s stock valued at $27,352,000 after buying an additional 804,851 shares in the last quarter. Wellington Management Group LLP increased its position in Antero Resources by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company’s stock valued at $500,231,000 after buying an additional 675,053 shares in the last quarter. Kailix Advisors LLC bought a new stake in Antero Resources in the 3rd quarter valued at about $17,327,000. Driehaus Capital Management LLC bought a new stake in Antero Resources in the 2nd quarter valued at about $17,307,000. Finally, Assenagon Asset Management S.A. increased its position in Antero Resources by 36.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,747,304 shares of the oil and natural gas company’s stock valued at $50,060,000 after buying an additional 464,970 shares in the last quarter. 83.04% of the stock is owned by 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.