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

Viking Fund Management LLC lessened its holdings in shares of Antero Resources Corporation (NYSE:AR) by 17.2% in the fourth quarter, according to its most recent filing with the SEC. The firm 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 institutional investors and hedge funds also recently modified their holdings of the company. NewEdge Advisors LLC lifted its holdings in Antero Resources by 16,498.3% in the first quarter. NewEdge Advisors LLC now owns 9,627 shares of the oil and natural gas company’s stock worth $389,000 after purchasing an additional 9,569 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Antero Resources by 7.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 590,555 shares of the oil and natural gas company’s stock worth $23,882,000 after buying an additional 43,312 shares in the last quarter. Focus Partners Wealth raised its position in shares of Antero Resources by 18.9% during the 1st quarter. Focus Partners Wealth now owns 19,921 shares of the oil and natural gas company’s stock worth $806,000 after buying an additional 3,169 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Antero Resources by 4.8% in the 2nd quarter. Legal & General Group Plc now owns 581,854 shares of the oil and natural gas company’s stock worth $23,437,000 after acquiring an additional 26,610 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of Antero Resources by 1.5% in the second quarter. Franklin Resources Inc. now owns 874,825 shares of the oil and natural gas company’s stock valued at $35,238,000 after acquiring an additional 12,831 shares in the last quarter. Institutional investors own 83.04% of the company’s stock.

Insider Transactions at Antero Resources

In other Antero Resources news, insider Yvette K. Schultz sold 15,000 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $39.33, for a total transaction of $589,950.00. Following the sale, the insider owned 319,122 shares in the company, valued at approximately $12,551,068.26. The trade was a 4.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Benjamin A. Hardesty sold 12,000 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $44.00, for a total transaction of $528,000.00. Following the completion of the transaction, the director owned 150,242 shares of the company’s stock, valued at approximately $6,610,648. The trade was a 7.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 6.30% of the company’s stock.

Antero Resources Price Performance

NYSE AR opened at $43.39 on Wednesday. Antero Resources Corporation has a 1 year low of $29.10 and a 1 year high of $44.37. The business’s fifty day moving average is $36.24 and its two-hundred day moving average is $34.53. The stock has a market capitalization of $13.39 billion, a P/E ratio of 21.48 and a beta of 0.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.55 and a current ratio of 0.55.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.13. Antero Resources had a return on equity of 6.71% and a net margin of 12.02%.The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the company posted $0.48 EPS. The company’s revenue was up 20.8% compared to the same quarter last year. On average, research analysts forecast that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AR has been the topic of several recent analyst reports. Truist Financial started coverage on Antero Resources in a report on Tuesday. They set a “buy” rating and a $56.00 target price on the stock. UBS Group increased their price target on Antero Resources from $45.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Bank of America boosted their price objective on Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Morgan Stanley cut their price objective on Antero Resources from $48.00 to $46.00 and set an “overweight” rating for the company in a report on Friday, January 23rd. Finally, Roth Mkm reaffirmed a “neutral” rating and set a $36.00 target price on shares of Antero Resources in a research note on Monday, December 8th. Five research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $46.63.

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.