Antero Resources Corporation $AR Shares Bought by Viking Fund Management LLC

Viking Fund Management LLC increased its stake in shares of Antero Resources Corporation (NYSE:AR) by 16.7% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 140,000 shares of the oil and natural gas company’s stock after acquiring an additional 20,000 shares during the period. Viking Fund Management LLC’s holdings in Antero Resources were worth $4,920,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AR. Eastern Bank acquired a new stake in Antero Resources during the 2nd quarter valued at $26,000. Sunbelt Securities Inc. acquired a new position in Antero Resources in the 3rd quarter worth $30,000. IFP Advisors Inc lifted its holdings in Antero Resources by 59.2% in the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock worth $31,000 after buying an additional 345 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Antero Resources in the 4th quarter valued at about $41,000. Finally, McIlrath & Eck LLC purchased a new position in Antero Resources in the 1st quarter valued at about $53,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Stock Performance

Shares of AR stock opened at $37.45 on Thursday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average of $34.81 and a two-hundred day moving average of $36.62. The company has a market cap of $11.51 billion, a P/E ratio of 10.76 and a beta of 0.34. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $45.75.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Roth Capital reaffirmed a “neutral” rating and set a $38.00 target price on shares of Antero Resources in a research report on Thursday, April 30th. The Goldman Sachs Group reduced their price target on Antero Resources from $46.00 to $41.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Texas Capital upgraded Antero Resources to a “strong-buy” rating in a research note on Thursday, June 25th. Truist Financial lowered their price objective on Antero Resources from $56.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Finally, Weiss Ratings upgraded Antero Resources from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $48.31.

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.