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

Viking Fund Management LLC increased its stake in shares of Antero Resources Corporation (NYSE:AR) by 16.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,000 shares of the oil and natural gas company’s stock after purchasing an additional 20,000 shares during the quarter. Viking Fund Management LLC’s holdings in Antero Resources were worth $4,920,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Eastern Bank purchased a new position in Antero Resources in the 2nd quarter valued at about $26,000. Sunbelt Securities Inc. purchased a new stake in shares of Antero Resources during the third quarter worth about $30,000. IFP Advisors Inc grew its holdings in shares of Antero Resources by 59.2% during the third 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 acquired a new position in shares of Antero Resources in the fourth quarter valued at approximately $41,000. Finally, Hilton Head Capital Partners LLC acquired a new position in shares of Antero Resources in the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Stock Down 1.0%

AR opened at $37.45 on Thursday. The firm has a 50 day moving average price of $34.81 and a 200 day moving average price of $36.62. The company has a market cap of $11.51 billion, a PE ratio of 10.76 and a beta of 0.34. Antero Resources Corporation has a 1 year low of $29.10 and a 1 year high of $45.75. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.40 and a current ratio of 0.40.

Analyst Ratings Changes

A number of brokerages recently issued reports on AR. Williams Trading set a $56.00 target price on shares of Antero Resources in a research report on Monday, April 20th. Wolfe Research reiterated an “outperform” rating and issued a $48.00 price target on shares of Antero Resources in a report on Thursday, July 30th. Bank of America boosted their price target on Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Texas Capital upgraded Antero Resources to a “strong-buy” rating in a report on Thursday, June 25th. Finally, Wells Fargo & Company lifted their price objective on Antero Resources from $52.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Antero Resources has an average rating of “Moderate Buy” and an average price target 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.