Antero Resources falls short in Q3, misses earnings estimates by $0.17 per share.

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Antero Resources Stock Fair Value – Antero Resources ($NYSE:AR) is an American oil and natural gas company based in Denver, Colorado. The company is engaged in the exploration, development, production and acquisition of natural gas, natural gas liquids and oil properties in the Appalachian Basin. The company reported a GAAP EPS of $1.72, missing the earnings estimates by $0.17.

This miss was primarily due to lower-than-expected production and higher costs. Despite the miss in earnings, Antero Resources remains optimistic about its future prospects. The company has continued to invest in its operations and is confident that it will be able to deliver strong results in the future.

Earnings

Antero Resources falls short in Q3, misses earnings estimates by $0.17 per share. In the earning report of FY2022 Q2 ending June 30, Antero Resources earned 7512.5M USD in total revenue, earned 960.8M USD in net income. Compared to previous year, there was a 29.7% increase in total revenue, but a 614.1% decrease in net income. Antero Resources’s total revenue reached from 3083.9M USD to 7512.5M USD in the last 3 years.

Stock Price

On Wednesday, Antero Resources stock opened at $35.3 and closed at $35.5, up by 0.3% from last closing price of 35.4.

VI Analysis – Antero Resources Stock Fair Value Calculator

Antero Resources is an independent oil and natural gas company engaged in the exploration, development, production and acquisition of unconventional oil and gas assets in the United States. The company’s assets are located in the Appalachian Basin in West Virginia, Ohio and Pennsylvania. The company’s fundamentals reflect its long term potential.

The fair value of Antero Resources share is around $18.5, calculated by VI Line. Now Antero Resources stock is traded at $35.5, overvalued by 92%.

VI Peers

The company explores, develops, and produces natural gas and oil properties in the Appalachian Basin. As of December 31, 2015, Antero Resources had 2,009.5 net horizontal drilling locations in the Marcellus Shale and Utica Shale. EQT Corp is a Pittsburgh, Pennsylvania based energy company with a focus on natural gas. EQT’s core business is the production of natural gas from the Appalachian Basin. As of December 31, 2015, EQT Corporation had approximately 2.0 million net acres under lease in the Appalachian Basin. Range Resources Corporation is an independent natural gas and oil company with operations in the United States. The company is headquartered in Fort Worth, Texas. As of December 31, 2015, Range Resources had 7.4 trillion cubic feet of estimated proved natural gas reserves. CNX Resources Corp is a Pittsburgh, Pennsylvania based energy company with a focus on coal and natural gas. CNX’s core business is the production of coal and natural gas from the Appalachian Basin. As of December 31, 2015, CNX Resources had approximately 1.8 million net acres under lease in the Appalachian Basin.

– EQT Corp ($NYSE:EQT)

EQT Corp is a publicly traded company with a market capitalization of $14.96 billion as of 2022. The company has a return on equity of 18.8%. EQT Corp is engaged in the exploration, development, and production of natural gas and oil. The company has operations in the United States, Canada, and Australia.

– Range Resources Corp ($NYSE:RRC)

Range Resources Corp is an American oil and gas company with a market cap of 6.82B as of 2022. The company has a Return on Equity of 45.59%. Range Resources is engaged in the exploration, development, and production of natural gas and crude oil in the United States. The company was founded in 1987 and is headquartered in Fort Worth, Texas.

– CNX Resources Corp ($NYSE:CNX)

CNX Resources Corp is a publicly traded company with a market capitalization of over $3 billion as of early 2021. The company is involved in the exploration, production, and development of natural gas and oil properties. CNX Resources Corp has a negative return on equity, meaning that it has lost money for shareholders in recent years. Despite this, the company’s market capitalization suggests that investors believe it has significant potential.

Summary

Antero Resources is a natural gas and oil company that focuses on the development and production of unconventional resources in the Appalachian Basin. The company’s shares are traded on the New York Stock Exchange under the ticker symbol “AR”. Despite its size and experience, Antero Resources has been struggling in recent years. The company has been hurt by low natural gas prices and has been forced to cut its dividend in half.

Despite these challenges, Antero Resources remains a large and experienced player in the Appalachian Basin. The company’s shares could be a good long-term investment for investors who are willing to take on some risk.