AR FY2024 EPS Forecast Increased by Capital One Financial

Antero Resources Co. (NYSE:AR) – Research analysts at Capital One Financial boosted their FY2024 EPS estimates for Antero Resources in a research note issued to investors on Wednesday, January 8th. Capital One Financial analyst B. Velie now expects that the oil and natural gas company will post earnings of ($0.16) per share for the year, up from their prior estimate of ($0.30). The consensus estimate for Antero Resources’ current full-year earnings is ($0.19) per share. Capital One Financial also issued estimates for Antero Resources’ Q4 2024 earnings at $0.20 EPS, Q1 2025 earnings at $0.61 EPS, Q2 2025 earnings at $0.66 EPS, Q3 2025 earnings at $0.69 EPS, Q4 2025 earnings at $0.72 EPS and FY2025 earnings at $2.68 EPS.

A number of other equities analysts have also commented on AR. Citigroup lifted their price objective on Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. UBS Group upped their price target on Antero Resources from $31.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, December 9th. Wells Fargo & Company raised Antero Resources from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $24.00 to $32.00 in a research report on Tuesday, December 17th. Truist Financial dropped their target price on shares of Antero Resources from $29.00 to $28.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. Finally, Bank of America initiated coverage on shares of Antero Resources in a report on Monday, October 28th. They issued a “buy” rating and a $36.00 price target for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Antero Resources presently has an average rating of “Moderate Buy” and an average target price of $34.78.

Antero Resources Stock Performance

Shares of AR opened at $38.34 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. Antero Resources has a one year low of $20.56 and a one year high of $39.43. The company’s fifty day moving average price is $32.23 and its 200 day moving average price is $29.84. The company has a market capitalization of $11.93 billion, a PE ratio of 273.86 and a beta of 3.37.

Institutional Trading of Antero Resources

A number of large investors have recently bought and sold shares of AR. Wellington Management Group LLP raised its stake 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 valued at $500,231,000 after acquiring an additional 675,053 shares during the last quarter. Geode Capital Management LLC increased its holdings in Antero Resources by 1.3% during 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 purchasing an additional 61,490 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its position 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 purchasing an additional 411,549 shares during the last quarter. Merewether Investment Management LP boosted its stake in Antero Resources by 4.6% in the second 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 purchasing an additional 128,200 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Antero Resources by 4.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company’s stock worth $76,342,000 after purchasing an additional 122,815 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors.

About Antero Resources

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.