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On Thursday, Benchmark analysts maintained their Hold rating on Antero Resources (NYSE:AR) stock. The firm’s analysts did not set a new price target alongside the rating. According to InvestingPro data, the stock is currently trading near its 52-week high of $41.53, with an impressive 53.7% return over the past year. The company’s current market capitalization stands at approximately $12.8 billion. In their commentary, the analysts noted that their estimates for Antero Resources’ first-quarter earnings per share (EPS) and earnings before interest, taxes, depreciation, and amortization (EBITDA) are $0.82 and $495 million, respectively. These figures align closely with the general market consensus, which anticipates an EPS of $0.81 and EBITDA of $507 million. InvestingPro analysis reveals that 5 analysts have recently revised their earnings estimates upward for the upcoming period, suggesting growing confidence in the company’s near-term performance.
The Benchmark analysts elaborated on the details of their financial forecast, indicating that their EBITDA estimate accounts for specific deductions that may not be universally applied. "Our 1Q EPS/EBITDA estimate of $0.82/$495m is in-line with consensus of $0.81/$507m. We deduce Martica in our EBITDA forecast which may not be the case for consensus," the analysts remarked.
The decision by Benchmark to maintain a Hold rating without establishing a new price target suggests a neutral stance on Antero Resources’ stock performance. The analysts’ estimates imply that they expect the company’s financial results to be consistent with broader market expectations.
Antero Resources is a company specialized in the exploration, development, and production of natural gas, natural gas liquids, and oil. The company operates primarily in the Appalachian Basin, which is known for its rich natural gas reserves. The company maintains a strong gross profit margin of 63.9% and generated revenue of $4.3 billion in the last twelve months. For deeper insights into Antero Resources’ financial health and growth potential, InvestingPro offers exclusive access to 15+ additional ProTips and comprehensive financial metrics through its detailed Pro Research Report.
Investors in Antero Resources will be watching for the company’s upcoming earnings report, scheduled for April 23, 2025, to see if the actual financial performance aligns with the expectations set by Benchmark and the consensus estimates. The company’s stock performance in the near term may be influenced by these results and the subsequent analysis by investors and other market participants. Based on current InvestingPro Fair Value calculations, the stock appears to be trading above its fair value, suggesting investors should carefully consider their entry points.
In other recent news, Antero Resources reported a significant earnings surprise for the fourth quarter of 2024, with earnings per share (EPS) of $0.48, surpassing analyst expectations of $0.31. Revenue for the quarter was slightly below forecasts, coming in at $1.17 billion. JPMorgan has increased its price target for Antero Resources to $48, maintaining an Overweight rating, citing a positive outlook for the U.S. natural gas sector. JPMorgan also projects Antero Resources’ first-quarter earnings per share (EPS) at $0.87 and cash flow per share (CFPS) at $1.73, both higher than the Street’s estimates.
Antero Resources is anticipated to generate $372 million in free cash flow in the first quarter, which is expected to be used for debt reduction. The company projects over $1.6 billion in free cash flow for 2025. Production for the first quarter is estimated at 3.38 billion cubic feet equivalent per day, slightly below the Street’s estimate. Antero Resources’ strategic positioning and firm transportation portfolio are expected to leverage robust gas and LPG markets, with first-quarter gas realizations projected at $3.96 per thousand cubic feet. These recent developments reflect the company’s operational efficiency and strategic positioning in the market.
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