Antero Resources (NYSE:AR) Posts Earnings Results, Misses Estimates By $0.15 EPS

Antero Resources (NYSE:AR) announced its quarterly earnings data on Wednesday. The oil and natural gas company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.15), MarketWatch Earnings reports. Antero Resources had a negative return on equity of 4.51% and a negative net margin of 55.84%. The company had revenue of $484.91 million for the quarter, compared to analyst estimates of $955.90 million. During the same period last year, the firm earned ($0.21) earnings per share. The firm’s revenue for the quarter was down 62.7% on a year-over-year basis.

Shares of NYSE AR traded down $0.04 during trading hours on Friday, hitting $2.96. 7,749,274 shares of the stock were exchanged, compared to its average volume of 9,232,307. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.15 and a current ratio of 0.97. The company has a market cap of $794.91 million, a PE ratio of -0.40 and a beta of 4.72. The company’s fifty day simple moving average is $2.91 and its two-hundred day simple moving average is $2.22. Antero Resources has a 1-year low of $0.64 and a 1-year high of $4.80.

Several research firms have recently issued reports on AR. Mizuho began coverage on Antero Resources in a research report on Wednesday, July 22nd. They set a “neutral” rating and a $3.00 target price for the company. SunTrust Banks upped their target price on shares of Antero Resources from $2.00 to $3.00 and gave the company a “hold” rating in a research note on Friday, May 1st. TD Securities raised their price objective on Antero Resources from $2.50 to $3.50 and gave the stock a “hold” rating in a research note on Wednesday, June 17th. Morgan Stanley reduced their price target on Antero Resources from $2.75 to $1.75 and set an “underweight” rating for the company in a research report on Friday, June 26th. Finally, Wells Fargo & Co lifted their price objective on shares of Antero Resources from $2.50 to $3.50 and gave the company an “underweight” rating in a report on Thursday, June 25th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $3.50.

Antero Resources Company Profile

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2018, the company had approximately 486,000 net acres in the southwestern core of the Marcellus Shale; 125,000 net acres in the core of the Utica Shale; and 209,000 net acres of Marcellus Shale leasehold.

Read More: Understanding Price to Earnings Ratio (PE)

Earnings History for Antero Resources (NYSE:AR)

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