Viking Fund Management LLC Purchases 25,000 Shares of Antero Resources Corporation $AR

Viking Fund Management LLC grew its holdings in shares of Antero Resources Corporation (NYSE:AR) by 20.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 145,000 shares of the oil and natural gas company’s stock after buying an additional 25,000 shares during the period. Viking Fund Management LLC’s holdings in Antero Resources were worth $4,866,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AR. SVB Wealth LLC purchased a new position in Antero Resources during the 1st quarter valued at about $26,000. Huntington National Bank increased its stake in shares of Antero Resources by 91.3% during the second quarter. Huntington National Bank now owns 656 shares of the oil and natural gas company’s stock valued at $26,000 after purchasing an additional 313 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its holdings in shares of Antero Resources by 114.2% during the second quarter. Newbridge Financial Services Group Inc. now owns 938 shares of the oil and natural gas company’s stock valued at $38,000 after purchasing an additional 500 shares during the last quarter. FNY Investment Advisers LLC lifted its holdings in shares of Antero Resources by 9,900.0% during the second quarter. FNY Investment Advisers LLC now owns 1,500 shares of the oil and natural gas company’s stock valued at $60,000 after purchasing an additional 1,485 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Antero Resources by 701.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company’s stock worth $120,000 after purchasing an additional 2,616 shares in the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AR shares. Mizuho set a $47.00 price objective on Antero Resources in a research note on Friday, December 12th. Barclays raised their price target on Antero Resources from $40.00 to $46.00 and gave the company an “equal weight” rating in a report on Thursday, December 11th. Jefferies Financial Group dropped their price target 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. Wells Fargo & Company raised their price objective on shares of Antero Resources from $39.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday, December 12th. Finally, Morgan Stanley lifted their target price on shares of Antero Resources from $44.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, December 9th. 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $45.47.

Antero Resources Price Performance

AR opened at $33.95 on Friday. The company’s 50-day simple moving average is $33.86 and its two-hundred day simple moving average is $34.53. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market capitalization of $10.47 billion, a P/E ratio of 18.06 and a beta of 0.57. Antero Resources Corporation has a 52-week low of $29.10 and a 52-week high of $44.01.

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

Insiders Place Their Bets

In related news, insider Brendan E. Krueger bought 5,000 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was acquired at an average cost of $33.35 per share, for a total transaction of $166,750.00. Following the purchase, the insider owned 295,917 shares in the company, valued at approximately $9,868,831.95. This represents a 1.72% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.30% of the company’s stock.

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.