Antero Resources Corp (AR) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Antero Resources Corp (NYSE:AR) released its quarterly earnings results on Tuesday. The company reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.03. The company had revenue of $887.90 million for the quarter, compared to analysts’ expectations of $772.83 million. During the same quarter last year, the company earned $0.20 EPS. Antero Resources Corp’s revenue for the quarter was up 41.0% compared to the same quarter last year.

Shares of Antero Resources Corp (NYSE:AR) traded up 0.30% on Friday, hitting $23.14. The stock had a trading volume of 3,311,662 shares. The firm’s market cap is $7.29 billion. Antero Resources Corp has a 12-month low of $22.08 and a 12-month high of $30.66. The company’s 50-day moving average price is $24.32 and its 200 day moving average price is $25.38.

Earnings History for Antero Resources Corp (NYSE:AR)

AR has been the subject of several analyst reports. Piper Jaffray Companies upgraded Antero Resources Corp from a “neutral” rating to an “overweight” rating and set a $32.00 price target for the company in a research note on Friday, January 13th. Zacks Investment Research upgraded Antero Resources Corp from a “hold” rating to a “strong-buy” rating and set a $27.00 price target for the company in a research note on Monday, March 13th. Raymond James Financial, Inc. upgraded Antero Resources Corp from an “outperform” rating to a “strong-buy” rating and upped their price target for the stock from $33.00 to $38.00 in a research note on Tuesday, January 3rd. Credit Suisse Group AG restated a “buy” rating on shares of Antero Resources Corp in a research note on Sunday, February 5th. Finally, Guggenheim upgraded Antero Resources Corp from a “neutral” rating to a “buy” rating and set a $34.00 price target for the company in a research note on Thursday, March 16th. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $32.33.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AR. OZ Management LP bought a new position in Antero Resources Corp during the third quarter worth about $48,580,000. Bank of New York Mellon Corp raised its position in Antero Resources Corp by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 1,135,342 shares of the company’s stock worth $30,598,000 after buying an additional 12,088 shares in the last quarter. Harvest Fund Advisors LLC bought a new position in Antero Resources Corp during the second quarter worth about $75,537,000. Rothschild Asset Management Inc. raised its position in Antero Resources Corp by 88.8% in the third quarter. Rothschild Asset Management Inc. now owns 1,065,720 shares of the company’s stock worth $28,721,000 after buying an additional 501,188 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in Antero Resources Corp by 2,785.2% in the third quarter. DekaBank Deutsche Girozentrale now owns 120,372 shares of the company’s stock worth $3,149,000 after buying an additional 116,200 shares in the last quarter. Institutional investors and hedge funds own 86.83% of the company’s stock.

About Antero Resources Corp

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.

5 Day Chart for NYSE:AR

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