AR FY2024 EPS Forecast Lifted by Capital One Financial

Antero Resources Co. (NYSE:AR) – Investment analysts at Capital One Financial raised their FY2024 earnings per share estimates for shares of Antero Resources in a report issued on Wednesday, January 8th. Capital One Financial analyst B. Velie now forecasts that the oil and natural gas company will post earnings per share of ($0.16) for the year, up from their previous 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.

Several other equities analysts have also weighed in on AR. JPMorgan Chase & Co. reduced their price target on shares of Antero Resources from $37.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, September 12th. Mizuho increased their target price on shares of Antero Resources from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Bank of America started coverage on shares of Antero Resources in a report on Monday, October 28th. They issued a “buy” rating and a $36.00 price target on the stock. Wells Fargo & Company raised Antero Resources from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $24.00 to $32.00 in a research report on Tuesday, December 17th. Finally, StockNews.com raised Antero Resources to a “sell” rating in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Antero Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.78.

Antero Resources Stock Performance

AR stock opened at $37.81 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. The firm has a market cap of $11.77 billion, a PE ratio of 270.07 and a beta of 3.37. The business has a 50 day moving average of $32.23 and a 200-day moving average of $29.84. Antero Resources has a 12-month low of $20.56 and a 12-month high of $37.93.

Institutional Trading of Antero Resources

Several institutional investors and hedge funds have recently modified their holdings of AR. UMB Bank n.a. lifted its holdings in shares of Antero Resources by 357.3% during the 3rd quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock worth $25,000 after acquiring an additional 686 shares during the last quarter. True Wealth Design LLC purchased a new position in shares of Antero Resources in the 3rd quarter worth about $30,000. Capital Performance Advisors LLP bought a new position in shares of Antero Resources during the 3rd quarter valued at about $45,000. Mattson Financial Services LLC purchased a new position in shares of Antero Resources during the 2nd quarter valued at about $64,000. Finally, GAMMA Investing LLC lifted its position in Antero Resources by 15.8% in the 4th quarter. GAMMA Investing LLC now owns 3,064 shares of the oil and natural gas company’s stock worth $107,000 after buying an additional 418 shares during the last quarter. Hedge funds and other 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.