FY2024 EPS Estimates for AR Boosted by Capital One Financial

Antero Resources Co. (NYSE:AR) – Research analysts at Capital One Financial boosted their FY2024 earnings estimates for Antero Resources in a 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 of ($0.11) per share 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.

A number of other research analysts have also issued reports on AR. StockNews.com upgraded Antero Resources to a “sell” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. boosted their price target on shares of Antero Resources from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Tuesday, January 14th. Barclays cut their target price on Antero Resources from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, October 3rd. Raymond James upped their price objective on shares of Antero Resources from $34.00 to $44.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 21st. Finally, UBS Group lifted their target price on Antero Resources from $35.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.88.

Antero Resources Stock Performance

AR opened at $40.73 on Thursday. The company has a market cap of $12.67 billion, a P/E ratio of 290.91 and a beta of 3.37. Antero Resources has a 52-week low of $20.56 and a 52-week high of $41.53. The firm’s 50-day moving average price is $34.19 and its 200-day moving average price is $30.25. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23.

Institutional Trading of Antero Resources

Several large investors have recently made changes to their positions in the stock. Pinnacle Bancorp Inc. bought a new stake in Antero Resources in the fourth quarter valued at about $28,000. UMB Bank n.a. increased its holdings in shares of Antero Resources by 357.3% in the third quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock valued at $25,000 after purchasing an additional 686 shares in the last quarter. True Wealth Design LLC acquired a new position in shares of Antero Resources during the third quarter valued at $30,000. Capital Performance Advisors LLP bought a new position in shares of Antero Resources in the 3rd quarter valued at about $45,000. Finally, Mattson Financial Services LLC acquired a new stake in Antero Resources during the 2nd quarter worth $64,000. Institutional investors own 83.04% of the company’s stock.

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.