Antero Resources Corporation (AR) Expected to Announce Quarterly Sales of $881.49 Million

Equities research analysts predict that Antero Resources Corporation (NYSE:AR) will report $881.49 million in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Antero Resources Corporation’s earnings, with the highest sales estimate coming in at $933.19 million and the lowest estimate coming in at $825.90 million. Antero Resources Corporation posted sales of $887.91 million in the same quarter last year, which would indicate a negative year over year growth rate of 0.7%. The company is scheduled to announce its next earnings results on Tuesday, February 27th.

On average, analysts expect that Antero Resources Corporation will report full-year sales of $881.49 million for the current fiscal year, with estimates ranging from $2.88 billion to $3.95 billion. For the next fiscal year, analysts anticipate that the business will post sales of $3.89 billion per share, with estimates ranging from $3.58 billion to $4.25 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow 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) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The business had revenue of $775.30 million during the quarter, compared to analyst estimates of $798.88 million. Antero Resources Corporation had a positive return on equity of 0.78% and a negative net margin of 12.82%. During the same period in the prior year, the firm posted $0.18 EPS.

Several brokerages have recently issued reports on AR. KeyCorp reaffirmed a “buy” rating and set a $33.00 price target on shares of Antero Resources Corporation in a research note on Sunday, September 3rd. Scotiabank set a $26.00 price target on Antero Resources Corporation and gave the company a “buy” rating in a research note on Tuesday, August 22nd. Cowen and Company reaffirmed a “hold” rating and set a $25.00 price target on shares of Antero Resources Corporation in a research note on Tuesday, September 12th. Robert W. Baird reaffirmed a “buy” rating and set a $38.00 price target on shares of Antero Resources Corporation in a research note on Sunday, September 10th. Finally, ValuEngine lowered Antero Resources Corporation from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Antero Resources Corporation presently has a consensus rating of “Hold” and an average price target of $27.58.

In related news, insider K. Phil Yoo sold 10,865 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $19.25, for a total transaction of $209,151.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kevin J. Kilstrom sold 82,760 shares of the stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $19.99, for a total value of $1,654,372.40. The disclosure for this sale can be found here. 9.20% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of the stock. Royal Bank of Canada grew its holdings in shares of Antero Resources Corporation by 5.1% during the second quarter. Royal Bank of Canada now owns 11,731 shares of the oil and natural gas company’s stock worth $254,000 after buying an additional 566 shares in the last quarter. Strs Ohio grew its holdings in shares of Antero Resources Corporation by 0.3% during the second quarter. Strs Ohio now owns 230,265 shares of the oil and natural gas company’s stock worth $4,976,000 after buying an additional 721 shares in the last quarter. Gargoyle Investment Advisor L.L.C. grew its holdings in shares of Antero Resources Corporation by 3.2% during the second quarter. Gargoyle Investment Advisor L.L.C. now owns 23,665 shares of the oil and natural gas company’s stock worth $511,000 after buying an additional 742 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Antero Resources Corporation by 8.1% during the second quarter. The Manufacturers Life Insurance Company now owns 11,442 shares of the oil and natural gas company’s stock worth $247,000 after buying an additional 855 shares in the last quarter. Finally, Kingfisher Capital LLC grew its holdings in shares of Antero Resources Corporation by 2.3% during the second quarter. Kingfisher Capital LLC now owns 45,361 shares of the oil and natural gas company’s stock worth $980,000 after buying an additional 1,034 shares in the last quarter. Institutional investors and hedge funds own 94.24% of the company’s stock.

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Antero Resources Corporation (AR) traded down $1.10 during trading on Friday, reaching $18.82. The company’s stock had a trading volume of 3,241,093 shares, compared to its average volume of 3,368,054. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $5,940.00, a price-to-earnings ratio of 104.84 and a beta of 0.95. Antero Resources Corporation has a one year low of $17.89 and a one year high of $27.23.

About Antero Resources Corporation

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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