Stanley Laman Group Ltd. Purchases Shares of 78,998 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 13F filing with the SEC. The fund purchased 78,998 shares of the oil and natural gas company’s stock, valued at approximately $2,651,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Invesco Ltd. grew its position in Antero Resources by 18.4% during the second quarter. Invesco Ltd. now owns 5,258,305 shares of the oil and natural gas company’s stock worth $211,805,000 after buying an additional 817,977 shares in the last quarter. Sourcerock Group LLC raised its holdings in shares of Antero Resources by 10.6% in the 2nd quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company’s stock valued at $328,529,000 after acquiring an additional 783,117 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Antero Resources by 96.2% during the 1st quarter. AQR Capital Management LLC now owns 1,269,904 shares of the oil and natural gas company’s stock valued at $51,355,000 after acquiring an additional 622,506 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Antero Resources by 1,817.7% during the second quarter. SG Americas Securities LLC now owns 482,506 shares of the oil and natural gas company’s stock worth $19,435,000 after purchasing an additional 457,345 shares in the last quarter. Finally, HRT Financial LP grew its holdings in shares of Antero Resources by 986.6% during the second quarter. HRT Financial LP now owns 432,108 shares of the oil and natural gas company’s stock worth $17,405,000 after purchasing an additional 392,341 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group lowered their target price on shares of Antero Resources from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, October 3rd. Barclays increased their price target on shares of Antero Resources from $40.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday, December 11th. UBS Group lifted their price objective on shares of Antero Resources from $40.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Tudor Pickering raised Antero Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Finally, Benchmark restated a “hold” rating on shares of Antero Resources in a research report on Tuesday, December 9th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $45.47.

Insiders Place Their Bets

In related news, insider Brendan E. Krueger bought 5,000 shares of the company’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 of the company’s stock, valued at $9,868,831.95. The trade was a 1.72% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.30% of the stock is owned by corporate insiders.

Antero Resources Price Performance

AR stock opened at $34.16 on Monday. The firm has a market cap of $10.54 billion, a P/E ratio of 18.17 and a beta of 0.50. The firm’s fifty day moving average is $34.33 and its 200 day moving average is $34.10. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $44.01. 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 (NYSE:AR) last posted its quarterly 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). Antero Resources had a net margin of 11.73% and a return on equity of 7.51%. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the company earned ($0.07) earnings per share. The business’s quarterly revenue was up 15.0% on a year-over-year basis. Research analysts predict that Antero Resources Corporation will post 2.74 earnings per share for the current year.

About Antero Resources

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.