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Antero Resources Corporation Add to portfolio

NYA:AR, Jan 21, 04:43 UTC

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Thursday, January 17


News

Antero Resources Announces Fourth Quarter and Full Year 2018 Earnings Release Date and Conference Call

AR

DENVER, Jan. 17, 2019 /PRNewswire/ -- Antero Resources (AR) ("Antero" or the "Company") announced today that the Company plans to issue its fourth quarter and full year 2018 earnings release on Wednesday, February 13, 2019 after the close of trading on the New York Stock Exchange. To participate in the call, dial in at 1-888-347-8204 (U.S.), 1-855-669-9657 (Canada), or 1-412-902-4229 (International) and reference "Antero Resources". A telephone replay of the call will be available until Thursday, February 28, 2019 at 9:00 am MT at 1-844-512-2921 (U.S.) or 1-412-317-6671 (International) using the passcode 10123136. Antero Resources is an independent natural gas and oil company engaged in the acquisition, development and production of unconventional liquids-rich natural gas properties located in the Appalachian Basin in West Virginia and Ohio.

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Tuesday, January 15


News

Antero Resources (AR) Downgraded by Capital One Financial to “Equal Weight”

AR COF

Capital One Financial also issued estimates for Antero Resources’ Q4 2018 earnings at $0.38 EPS and FY2018 earnings at $0.92 EPS. Finally, TD Securities cut their price target on shares of Antero Resources from $24.00 to $20.00 and set a buy rating for the company in a report on Wednesday, December 19th. 5,704,600 shares of the company’s stock were exchanged, compared to its average volume of 5,707,889. During the same period in the prior year, the business earned $0.01 earnings per share. As a group, sell-side analysts expect that Antero Resources will post 0.86 earnings per share for the current year.

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Monday, January 14


News

Why Antero Resources Stock Plummeted More Than 50% in 2018

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Why Antero Resources Stock Plummeted More Than 50% in 2018. Shares of Antero Resources (NYSE: AR) nosedived last year, falling 50.6% overall, according to data provided by S&P Global Market Intelligence. Antero Resources entered 2018 frustrated with the performance of its stock price, which had declined almost 20% in 2017 even though the company's operations performed well. That was due to the slump in oil prices, which plunged 40% from their peak in October and 19% for the year. While Antero doesn't produce very much oil and has hedges in place that lock in the price of 100% of its gas production through the end of 2019, it still has exposure to oil-price volatility.

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Saturday, January 12


News

FY2018 EPS Estimates for Facebook, Inc. (FB) Increased by Jefferies Financial Group

AR NDAQ +3 more AR NDAQ FB JEF TWTR

Jefferies Financial Group analyst B. Thill now anticipates that the social networking company will earn $7.29 per share for the year, up from their previous forecast of $7.27. Jefferies Financial Group also issued estimates for Facebook’s Q4 2018 earnings at $2.10 EPS, Q1 2019 earnings at $1.59 EPS, Q2 2019 earnings at $1.74 EPS, Q3 2019 earnings at $1.78 EPS, Q4 2019 earnings at $2.24 EPS and FY2019 earnings at $7.34 EPS. In other news, COO Sheryl Sandberg sold 55,000 shares of the business’s stock in a transaction on Tuesday, January 8th. New England Research & Management Inc. now owns 7,075 shares of the social networking company’s stock valued at $927,000 after purchasing an additional 520 shares during the period. Northstar Investment Advisors LLC bought a new stake in Facebook during the fourth quarter valued at about $1,124,000.

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Wednesday, January 09


News

Antero Resources Is Tapping on the Brakes in 2019

AR

The slump in oil prices is forcing oil and gas producers to take a cautious approach to capital spending in 2019. While many large oil companies are aiming to matchspending to 2018's level, gas-focused Antero Resources(NYSE: AR) is taking things a step further by reducing its budget for 2019. That will enable the company to line up its spending level with its anticipated cash flows at lower oil prices this year. However, despite that spending cut, Antero expects to continue growing at a fast pace. That's a decrease from the $1.35 billion to $1.4 billion it expected to spend last year, which was $50 million to $100 million above the company's initial budget range due to cost inflation. However, the spending reduction will enable it to fund its budget on the cash flow it can produce assuming oil averages $50 a barrel while natural gas is at $3 per MMBtu. This budget will allow Antero to run five drilling rigs and four well completion crews in 2019, which is down one to two crews from last year's level.

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News

Antero Resources Unveils 2019 Capital & Production Projection

AR

Antero Resources Corporation AR released capital budget and production forecast for 2019. The guidance has been prepared assuming $50 per barrel WTI oil and $3.00 per million british thermal units (MMBtu) NYMEX natural gas.Amid the recent oil and natural gas liquid (NGL) price decline, the company lowered 2019 drilling and completion capital budget in the range of $1.1-$1.25 billion on a consolidated basis and in the band of $1.3-$1.45 billion on a stand-alone basis.The total exploration and production capital budget is estimated in the range of $1.17-$1.35 billion on a consolidated basis and in the band of $1.37-$1.55 billion on a stand-alone basis.For 2019, production is projected to average 3,150 million cubic feet equivalent per day (MMcfe/d) to 3,250 MMcfe/d, up 17-20% from 2018 production guidance.Liquids volumes, including NGLs and oil are expected to average 154,000-164,000 barrels per day (Bbl/d), up 18-26% from 2018 estimates. Mariner East 2 is anticipated to improve propane and butane netbacks by about $2.00 to $4.00 per barrel on an annual basis.In the fourth quarter of 2018, Antero Resources accomplished first supply agreement with a premier sand supplier to directly source sand requirements for completions. The increase in transportation expenses stems from Antero Resources’ firm commitment on the Mariner East 2 project and is estimated to be more than offset by the premium pricing at Marcus Hook.Subject to commodity price environment, Antero Resources expects to production to witness a CAGR of 10-15% from 2020 through 2023.

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/C O R R E C T I O N -- Antero Resources Corporation/

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Full year 2019 production is expected to average 3,150 MMcfe/d to 3,250 MMcfe/d, a 17% to 20% increase over 2018 production guidance. Paul Rady, Chairman and Chief Executive Officer of Antero Resources commented, "Our 2019 drilling and completion plan reflects the impacts from efficiencies that continue to improve our development program. Stand-alone cash production expense includes 100% of gathering and compression and water fees paid to Antero Midstream that are eliminated on a consolidated basis. The Company's activity level and production growth will vary on an annual basis depending on natural gas, oil and NGL price expectations with the objective of maintaining Stand-alone drilling and completion capital spending within Stand-alone Adjusted Operating Cash Flow levels, keeping leverage low while also maximizing the return of capital to shareholders. Assuming flat $50 per barrel WTI oil prices and $2.85 per MMBtu NYMEX natural gas prices from 2020 through 2023, Antero Resources expects to grow production at the lower end of the production growth range, invest at levels that result in approximate Free Cash Flow neutrality and maintain leverage in the low 2x area declining below 2x leverage in the final two years of the outlook period (defined as Stand-alone Net Debt to Stand-alone Adjusted EBITDAX). Assuming Wall Street analyst consensus commodity pricing of flat $65 per barrel WTI oil and $3.15 per MMBtu NYMEX natural gas prices from 2020 through 2023, Antero Resources expects to grow production at the high end of its production CAGR range, generate $2.5 to $3.0 billion of Free Cash Flow through 2023 and be in a position to both substantially reduce leverage and return significant capital to shareholders.

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Tuesday, January 08


News

Antero Resources Announces 2019 Capital Budget and Production Guidance

AR

Full year 2019 production is expected to average 3,150 MMcfe/d to 3,250 MMcfe/d, a 17% to 20% increase over 2018 production guidance. Additionally, during the fourth quarter, Antero monetized $357 million of its hedge position allowing the Company to further deleverage while maintaining upside to the natural gas strip in 2019. Stand-alone cash production expense includes 100% of gathering and compression and water fees paid to Antero Midstream that are eliminated on a consolidated basis. The Company's activity level and production growth will vary on an annual basis depending on natural gas, oil and NGL price expectations with the objective of maintaining Stand-alone drilling and completion capital spending within Stand-alone Adjusted Operating Cash Flow levels, keeping leverage low while also maximizing the return of capital to shareholders. Assuming flat $50 per barrel WTI oil prices and $2.85 per MMBtu NYMEX natural gas prices from 2020 through 2023, Antero Resources expects to grow production at the lower end of the production growth range, invest at levels that result in approximate Free Cash Flow neutrality and maintain leverage in the low 2x area declining below 2x leverage in the final two years of the outlook period (defined as Stand-alone Net Debt to Stand-alone Adjusted EBITDAX). Assuming Wall Street analyst consensus commodity pricing of flat $65 per barrel WTI oil and $3.15 per MMBtu NYMEX natural gas prices from 2020 through 2023, Antero Resources expects to grow production at the high end of its production CAGR range, generate $2.5 to $3.0 billion of Free Cash Flow through 2023 and be in a position to both substantially reduce leverage and return significant capital to shareholders.

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News

Antero Resources Announces 2019 Capital Budget and Production Guidance

AR

Full year 2019 production is expected to average 3,150 MMcfe/d to 3,250 MMcfe/d, a 17% to 20% increase over 2018 production guidance. Commenting on the 2019 outlook, Glen Warren, President, and Chief Financial Officer of Antero Resources said, “The strength of our balance sheet gives us flexibility with respect to our 2019 and future development plans, which is critical given the recent commodity price volatility. During the fourth quarter of 2018 Antero initiated its $600 million share repurchase program. As previously announced, through year-end 2018, Antero returned $129 million of cash to shareholders by repurchasing 9.1 million shares, thereby reducing shares outstanding by 3%. The Company’s activity level and production growth will vary on an annual basis depending on natural gas, oil and NGL price expectations with the objective of maintaining Stand-alone drilling and completion capital spending within Stand-alone Adjusted Operating Cash Flow levels, keeping leverage low while also maximizing the return of capital to shareholders. Assuming flat $50 per barrel WTI oil prices and $2.85 per MMBtu NYMEX natural gas prices from 2020 through 2023, Antero Resources expects to grow production at the lower end of the production growth range, invest at levels that result in approximate Free Cash Flow neutrality and maintain leverage in the low 2x area declining below 2x leverage in the final two years of the outlook period (defined as Stand-alone Net Debt to Stand-alone Adjusted EBITDAX). Assuming Wall Street analyst consensus commodity pricing of flat $65 per barrel WTI oil and $3.15 per MMBtu NYMEX natural gas prices from 2020 through 2023, Antero Resources expects to grow production at the high end of its production CAGR range, generate $2.5 to $3.0 billion of Free Cash Flow through 2023 and be in a position to both substantially reduce leverage and return significant capital to shareholders.

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News

Matador Resources (NYSE:MTDR) Downgraded by Capital One Financial to “Equal Weight” – XNewsPress

AR COF

JPMorgan Chase & Co. cut shares of Matador Resources from an overweight rating to a neutral rating and cut their target price for the company from $27.00 to $21.00 in a research note on Friday, December 7th. The firm has a market capitalization of $1.98 billion, a PE ratio of 25.36, a PEG ratio of 0.45 and a beta of 1.79. During the same period in the prior year, the company posted $0.11 earnings per share. As a group, research analysts predict that Matador Resources will post 1.65 earnings per share for the current fiscal year. Canton Hathaway LLC bought a new stake in shares of Matador Resources in the 3rd quarter worth about $116,000. Northstar Investment Advisors LLC purchased a new position in Matador Resources in the 3rd quarter worth about $205,000.

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