Antero Resources (NYSE:AR) Posts Earnings Results, Beats Expectations By $0.14 EPS

Antero Resources (NYSE:AR) posted its quarterly earnings data on Wednesday. The oil and natural gas company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.40 by $0.14, Zacks reports. Antero Resources had a negative return on equity of 0.59% and a net margin of 1.03%.

Antero Resources Trading Down 1.7 %

Shares of AR traded down $0.67 during midday trading on Wednesday, hitting $39.35. 4,780,933 shares of the stock were exchanged, compared to its average volume of 4,861,310. Antero Resources has a 52-week low of $20.56 and a 52-week high of $41.53. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a fifty day simple moving average of $35.93 and a 200 day simple moving average of $30.99. The firm has a market cap of $12.24 billion, a P/E ratio of 281.07 and a beta of 3.33.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AR. Wells Fargo & Company upgraded shares of Antero Resources from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $24.00 to $32.00 in a research report on Tuesday, December 17th. Mizuho raised their target price on shares of Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. UBS Group upped their price target on Antero Resources from $35.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. lifted their price objective on Antero Resources from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 14th. Finally, Raymond James upped their target price on Antero Resources from $44.00 to $60.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $39.00.

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.