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Antero Resources (AR) Gains But Lags Market: What You Should Know

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Antero Resources (AR - Free Report) closed the most recent trading day at $45.09, moving +1.35% from the previous trading session. The stock lagged the S&P 500's daily gain of 1.84%. At the same time, the Dow added 1.33%, and the tech-heavy Nasdaq gained 0.53%.

Coming into today, shares of the oil and natural gas producer had gained 15.08% in the past month. In that same time, the Oils-Energy sector gained 14.09%, while the S&P 500 lost 0.5%.

Wall Street will be looking for positivity from Antero Resources as it approaches its next earnings report date. In that report, analysts expect Antero Resources to post earnings of $1.58 per share. This would mark year-over-year growth of 1028.57%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.8 billion, up 267.78% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $6.27 per share and revenue of $6.89 billion, which would represent changes of +335.42% and +48.98%, respectively, from the prior year.

It is also important to note the recent changes to analyst estimates for Antero Resources. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Antero Resources is holding a Zacks Rank of #3 (Hold) right now.

Valuation is also important, so investors should note that Antero Resources has a Forward P/E ratio of 7.1 right now. This valuation marks a premium compared to its industry's average Forward P/E of 6.07.

The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 4, putting it in the top 2% 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.

To follow AR in the coming trading sessions, be sure to utilize Zacks.com.


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