Antero Resources Corp (AR) reported quarterly earnings results on Wednesday, Apr-27-2016. The company reported $0.17 earnings per share for the quarter, missing the analyst consensus estimate by $-0.03. Analysts had a consensus of $0.20. The company posted revenue of $765.40 million in the period, compared to analysts expectations of $685.75 million. The company’s revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.
Many Wall Street Analysts have commented on Antero Resources Corp. Antero Resources Corp was Upgraded by JP Morgan to ” Neutral” on Apr 15, 2016. Antero Resources Corp was Upgraded by Tudor Pickering to ” Buy” on Apr 15, 2016. Morgan Stanley Initiated Antero Resources Corp on Mar 24, 2016 to “Equal-Weight”, Price Target of the shares are set at $29.
Antero Resources Corp opened for trading at $28.01 and hit $28.99 on the upside on Friday, eventually ending the session at $28.73, with a gain of 3.05% or 0.85 points. The heightened volatility saw the trading volume jump to 21,89,629 shares. Company has a market cap of $7,960 M.
In a different news, on Mar 16, 2016, K. Phil Yoo (officer ) sold 2,612 shares at $23.54 per share price. According to the SEC, on Mar 8, 2016, Ward D. Mcneilly (Sr VP Reserves, Plan & Midstr) sold 25,000 shares at $23.47 per share price. On Mar 2, 2016, James R. Levy (director) sold 4,902,679 shares at $21.50 per share price, according to the Form-4 filing with the securities and exchange commission.
Antero Resources Corporation is engaged in the exploitation development and acquisition of natural gas natural gas liquids (NGLs) and oil properties in the Appalachian Basin in West Virginia Ohio and Pennsylvania. The Company targets large repeatable resource plays where horizontal drilling and advanced fracture stimulation technologies provide the means to develop and produce natural gas NGLs and oil from unconventional formations. The Company has fresh water distribution operations in the Appalachian Basin as well as gathering and compression operations through its consolidated subsidiary Antero Midstream Partners LP. The Company operates in four industry segments: the exploration development and production of natural gas NGLs and oil; gathering and compression; fresh water distribution and marketing of excess firm transportation capacity. All of its operations are conducted in the United States.