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Antero Resources (AR) Gains As Market Dips: What You Should Know

Zacks Equity Research
·3-min read

In the latest trading session, Antero Resources (AR) closed at $29.53, marking a +0.78% move from the previous day. This change outpaced the S&P 500's 0.21% loss on the day. At the same time, the Dow lost 0.43%, and the tech-heavy Nasdaq gained 0.01%.

Coming into today, shares of the oil and natural gas producer had lost 30.3% in the past month. In that same time, the Oils-Energy sector lost 15.96%, while the S&P 500 lost 9.7%.

Wall Street will be looking for positivity from Antero Resources as it approaches its next earnings report date. The company is expected to report EPS of $1.84, up 868.42% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.92 billion, up 258.7% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $6.83 per share and revenue of $6.99 billion, which would represent changes of +374.31% and +51.22%, respectively, from the prior year.

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Any recent changes to analyst estimates for Antero Resources should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 3.6% higher. Antero Resources is currently a Zacks Rank #3 (Hold).

Digging into valuation, Antero Resources currently has a Forward P/E ratio of 4.29. For comparison, its industry has an average Forward P/E of 4.13, which means Antero Resources is trading at a premium to the group.

The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 32, which puts it in the top 13% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.


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