Antero Resources (NYSE:AR) Announces Earnings Results

Antero Resources (NYSE:AR) announced its earnings results on Wednesday. The oil and natural gas company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.40 by $0.14, Zacks reports. Antero Resources had a negative return on equity of 0.59% and a net margin of 1.03%.

Antero Resources Stock Down 4.7 %

Shares of NYSE:AR opened at $38.16 on Thursday. Antero Resources has a one year low of $20.56 and a one year high of $41.53. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a fifty day moving average price of $36.09 and a two-hundred day moving average price of $31.04. The company has a market cap of $11.87 billion, a price-to-earnings ratio of 272.55 and a beta of 3.33.

Analysts Set New Price Targets

A number of research firms have issued reports on AR. Mizuho increased their price target on Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Truist Financial raised their price target on shares of Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Bank of America initiated coverage on Antero Resources in a research note on Monday, October 28th. They issued a “buy” rating and a $36.00 target price for the company. Raymond James raised their price objective on Antero Resources from $44.00 to $60.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company upgraded shares of Antero Resources from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $24.00 to $32.00 in a report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $39.31.

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.