Zacks: Analysts Expect Antero Resources Corporation (AR) Will Post Quarterly Sales of $877.86 Million

Equities research analysts expect Antero Resources Corporation (NYSE:AR) to post sales of $877.86 million for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Antero Resources Corporation’s earnings, with the lowest sales estimate coming in at $825.90 million and the highest estimate coming in at $933.19 million. Antero Resources Corporation reported sales of $887.91 million in the same quarter last year, which indicates a negative year over year growth rate of 1.1%. The business is scheduled to report its next earnings report on Tuesday, February 27th.

According to Zacks, analysts expect that Antero Resources Corporation will report full-year sales of $877.86 million for the current financial year, with estimates ranging from $2.93 billion to $3.95 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $3.89 billion per share, with estimates ranging from $3.58 billion to $4.25 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Antero Resources Corporation.

Antero Resources Corporation (NYSE:AR) last posted its quarterly earnings data on Wednesday, November 1st. The oil and natural gas company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.01). Antero Resources Corporation had a positive return on equity of 0.78% and a negative net margin of 12.82%. The firm had revenue of $775.30 million for the quarter, compared to analyst estimates of $798.88 million. During the same quarter last year, the company earned $0.18 earnings per share.

AR has been the subject of several recent analyst reports. Stifel Nicolaus reiterated a “hold” rating and set a $25.00 price objective on shares of Antero Resources Corporation in a research report on Friday, July 21st. Zacks Investment Research upgraded shares of Antero Resources Corporation from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Friday, July 21st. Citigroup Inc. decreased their price objective on shares of Antero Resources Corporation from $34.00 to $27.00 and set a “buy” rating for the company in a research report on Friday, July 21st. BidaskClub cut shares of Antero Resources Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Scotiabank reiterated a “buy” rating and set a $27.00 price objective on shares of Antero Resources Corporation in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $27.68.

In other Antero Resources Corporation news, insider Kevin J. Kilstrom sold 82,760 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $19.99, for a total value of $1,654,372.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 9.20% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in AR. Teachers Advisors LLC lifted its stake in shares of Antero Resources Corporation by 12.8% in the first quarter. Teachers Advisors LLC now owns 278,807 shares of the oil and natural gas company’s stock valued at $6,360,000 after buying an additional 31,717 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Antero Resources Corporation by 16.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,059,571 shares of the oil and natural gas company’s stock valued at $24,169,000 after purchasing an additional 153,118 shares in the last quarter. BlackRock Inc. lifted its position in shares of Antero Resources Corporation by 2,440.4% during the first quarter. BlackRock Inc. now owns 8,550,873 shares of the oil and natural gas company’s stock valued at $195,044,000 after purchasing an additional 8,214,276 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Antero Resources Corporation by 18.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 470,566 shares of the oil and natural gas company’s stock valued at $10,734,000 after purchasing an additional 72,451 shares in the last quarter. Finally, Paloma Partners Management Co lifted its position in shares of Antero Resources Corporation by 13.2% during the first quarter. Paloma Partners Management Co now owns 14,717 shares of the oil and natural gas company’s stock valued at $336,000 after purchasing an additional 1,713 shares in the last quarter. 93.55% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Antero Resources Corporation (AR) opened at $19.26 on Friday. Antero Resources Corporation has a 12-month low of $17.89 and a 12-month high of $27.23. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $5,971.77, a price-to-earnings ratio of 99.58 and a beta of 0.95.

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Antero Resources Corporation Company Profile

Antero Resources Corporation is an oil and natural gas company. The Company is engaged in the exploration, development and acquisition of natural gas, natural gas liquids (NGLs) and oil properties located in the Appalachian Basin. The Company’s segments include the exploration, development and production of natural gas, NGLs and oil; gathering and processing; water handling and treatment, and marketing of excess firm transportation capacity.

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