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

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

Antero Resources Price Performance

AR traded down $0.63 during midday trading on Friday, hitting $39.52. 585,273 shares of the company traded hands, compared to its average volume of 4,756,800. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $12.30 billion, a price-to-earnings ratio of 282.82 and a beta of 3.33. Antero Resources has a 52-week low of $22.01 and a 52-week high of $41.53. The business has a 50 day simple moving average of $36.26 and a two-hundred day simple moving average of $31.11.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Barclays increased their price objective on shares of Antero Resources from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Friday. Truist Financial increased their price objective on shares of Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Benchmark reiterated a “hold” rating on shares of Antero Resources in a research note on Friday, January 17th. StockNews.com upgraded shares of Antero Resources to a “sell” rating in a research report on Thursday. Finally, Raymond James raised their price target on shares of Antero Resources from $44.00 to $60.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $39.44.

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.