Antero Resources Corporation $AR Stake Cut by Viking Fund Management LLC

Viking Fund Management LLC cut its holdings in shares of Antero Resources Corporation (NYSE:AR) by 17.2% in the fourth quarter, HoldingsChannel reports. The fund owned 120,000 shares of the oil and natural gas company’s stock after selling 25,000 shares during the quarter. Viking Fund Management LLC’s holdings in Antero Resources were worth $4,135,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Annandale Capital LLC boosted its holdings in shares of Antero Resources by 0.4% during the third quarter. Annandale Capital LLC now owns 73,754 shares of the oil and natural gas company’s stock worth $2,475,000 after purchasing an additional 300 shares during the period. Brooklyn Investment Group increased its stake in Antero Resources by 2.0% in the 3rd quarter. Brooklyn Investment Group now owns 15,752 shares of the oil and natural gas company’s stock valued at $529,000 after buying an additional 305 shares during the period. Uhlmann Price Securities LLC lifted its position in Antero Resources by 2.2% in the 3rd quarter. Uhlmann Price Securities LLC now owns 15,125 shares of the oil and natural gas company’s stock worth $508,000 after buying an additional 325 shares in the last quarter. Coldstream Capital Management Inc. lifted its position in Antero Resources by 6.4% in the 2nd quarter. Coldstream Capital Management Inc. now owns 5,451 shares of the oil and natural gas company’s stock worth $220,000 after buying an additional 328 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of Antero Resources by 59.2% during the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after buying an additional 345 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on AR. Wall Street Zen downgraded shares of Antero Resources from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Barclays lifted their price objective on Antero Resources from $41.00 to $43.00 and gave the company an “equal weight” rating in a research report on Monday, March 16th. Weiss Ratings restated a “hold (c)” rating on shares of Antero Resources in a research note on Monday, December 29th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $39.00 price target (down from $44.00) on shares of Antero Resources in a research note on Monday, December 8th. Finally, Tudor Pickering raised Antero Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Five analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $46.63.

Antero Resources Trading Up 2.0%

Shares of NYSE:AR opened at $43.39 on Wednesday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $13.39 billion, a PE ratio of 21.48 and a beta of 0.52. Antero Resources Corporation has a 1 year low of $29.10 and a 1 year high of $44.37. The firm has a fifty day moving average price of $36.24 and a 200 day moving average price of $34.53.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.13. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Antero Resources had a return on equity of 6.71% and a net margin of 12.02%.The business’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.48 earnings per share. Analysts expect that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

Insider Activity at Antero Resources

In other news, insider Yvette K. Schultz sold 15,000 shares of the business’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $39.33, for a total value of $589,950.00. Following the completion of the sale, the insider directly owned 319,122 shares in the company, valued at approximately $12,551,068.26. The trade was a 4.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Benjamin A. Hardesty sold 12,000 shares of the company’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $44.00, for a total transaction of $528,000.00. Following the sale, the director directly owned 150,242 shares of the company’s stock, valued at approximately $6,610,648. This represents a 7.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 6.30% of the stock is currently owned by insiders.

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.