Stanley Laman Group Ltd. Invests $2.65 Million in Antero Resources Corporation $AR

Stanley Laman Group Ltd. purchased a new stake in shares of Antero Resources Corporation (NYSE:AR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 78,998 shares of the oil and natural gas company’s stock, valued at approximately $2,651,000.

Other institutional investors have also added to or reduced their stakes in the company. Neo Ivy Capital Management bought a new position in Antero Resources in the second quarter worth about $532,000. Voya Investment Management LLC grew its holdings in shares of Antero Resources by 22.8% during the 1st quarter. Voya Investment Management LLC now owns 184,972 shares of the oil and natural gas company’s stock worth $7,480,000 after acquiring an additional 34,311 shares during the period. Edgestream Partners L.P. bought a new position in shares of Antero Resources in the 2nd quarter worth approximately $3,015,000. Jefferies Financial Group Inc. raised its position in shares of Antero Resources by 9.5% in the 2nd quarter. Jefferies Financial Group Inc. now owns 1,956,918 shares of the oil and natural gas company’s stock worth $78,825,000 after acquiring an additional 169,133 shares in the last quarter. Finally, Black Maple Capital Management LP purchased a new position in shares of Antero Resources in the 2nd quarter valued at approximately $7,437,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Insiders Place Their Bets

In other news, insider Brendan E. Krueger acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was bought at an average cost of $33.35 per share, for a total transaction of $166,750.00. Following the acquisition, the insider directly owned 295,917 shares in the company, valued at approximately $9,868,831.95. The trade was a 1.72% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 6.30% of the stock is currently owned by insiders.

Antero Resources Stock Performance

Shares of AR stock opened at $34.16 on Monday. The company has a market capitalization of $10.54 billion, a price-to-earnings ratio of 18.17 and a beta of 0.50. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.31 and a current ratio of 0.31. Antero Resources Corporation has a one year low of $29.10 and a one year high of $44.01. The company’s 50-day moving average is $34.33 and its 200 day moving average is $34.10.

Antero Resources (NYSE:AR) last issued its earnings results on Wednesday, October 29th. The oil and natural gas company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.38). The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Antero Resources had a return on equity of 7.51% and a net margin of 11.73%.The firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period last year, the firm posted ($0.07) earnings per share. Sell-side analysts expect that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

Analyst Ratings Changes

AR has been the topic of several recent research reports. Jefferies Financial Group reduced their price target on Antero Resources from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, October 3rd. Roth Capital reaffirmed a “neutral” rating and issued a $36.00 target price on shares of Antero Resources in a research report on Monday, December 8th. Tudor Pickering raised shares of Antero Resources from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Benchmark restated a “hold” rating on shares of Antero Resources in a report on Tuesday, December 9th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $39.00 target price (down previously from $44.00) on shares of Antero Resources in a research note on Monday, December 8th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Antero Resources presently has an average rating of “Moderate Buy” and an average target price of $45.47.

Antero Resources Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.