Antero Resources Corporation (NYSE:AR) is reporting third quarter financial results on Wednesday 28th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, AR is expected to report 3Q20 loss of $ 0.1 per share from revenue of $ 997.79 million.
For the full year, analysts anticipate top line of $ 3866.91 million, while looking forward to loss of $ 0.39 per share bottom line.
Previous Quarter Performance
Antero Resources Corporation posted loss for the second quarter of $ 0.37 per share, from the revenue of $ 484.91 million. The quarterly revenues decreased 62.69 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.16 per share from $ 936.93 million in revenue. The bottom line results missed street analysts by $ 0.21 or 131.25 percent, at the same time, top line results fell short of analysts by $ 452.02 million or 48.24 percent.
Stock Performance
Shares of Antero Resources Corporation traded low $ -0.06 or -1.61 percent on Tuesday, reaching $ 3.66 with volume of 7.77 million shares. Antero Resources Corporation has traded high as $ 3.76 and has cracked $ 3.62 on the downward trend
According to the previous trading day, closing price of $ 3.66, representing a 481.25 % increase from the 52 week low of $ 0.64 and a 19.83 % decrease over the 52 week high of $ 4.64.
The company has a market capital of $ 982.89 million and is part of the Energy sector and Oil & Gas E&P industry.
Recent Analyst recommendations
- On 11th September 2020, upgraded by MKM Partners to Buy from Neutral rating.
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. It also owned and operated 289 miles of gas gathering pipelines in the Marcellus Shale; 17 compressor stations in the Marcellus Shale; 108 miles of low-pressure and high-pressure gathering pipelines in the Utica Shale; 8 miles of high-pressure pipelines; and 2 compressor station in the Utica Shale.
