Viking Fund Management LLC Sells 20,000 Shares of Antero Resources Corporation $AR

Key Points

• Viking Fund Management LLC reduced its stake in Antero Resources Corporation by 14.3%, selling 20,000 shares in Q2, resulting in 120,000 shares valued at approximately $4.83 million.
• Multiple institutional investors are actively trading Antero Resources, with 83.04% of the company's stock owned by hedge funds and notable stakes acquired by firms like Beacon Harbor Wealth Advisors and CWM LLC.
• Wall Street analysts have varied price targets for Antero Resources, with a consensus rating of "Moderate Buy" and an average price target of $43.50, reflecting differing perspectives on the stock's future performance.

Viking Fund Management LLC decreased its holdings in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 14.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 120,000 shares of the oil and natural gas company's stock after selling 20,000 shares during the period. Viking Fund Management LLC's holdings in Antero Resources were worth $4,834,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. SVB Wealth LLC purchased a new stake in shares of Antero Resources in the first quarter valued at about $26,000. Mascagni Wealth Management Inc. bought a new position in Antero Resources during the fourth quarter valued at about $31,000. Capital A Wealth Management LLC purchased a new stake in Antero Resources during the fourth quarter worth about $35,000. Bessemer Group Inc. raised its position in Antero Resources by 64.7% in the first quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company's stock worth $42,000 after acquiring an additional 411 shares during the period. Finally, North Star Investment Management Corp. bought a new position in Antero Resources during the first quarter worth about $44,000. Institutional investors and hedge funds own 83.04% of the company's stock.

Antero Resources Trading Up 3.2%

Shares of AR stock traded up $1.06 during mid-day trading on Tuesday, reaching $33.64. The stock had a trading volume of 1,551,122 shares, compared to its average volume of 5,017,967. The firm has a market capitalization of $10.39 billion, a PE ratio of 21.45 and a beta of 0.64. The stock's 50-day moving average price is $32.64 and its two-hundred day moving average price is $36.06. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.15. Antero Resources Corporation has a 52-week low of $25.36 and a 52-week high of $44.01.

Antero Resources (NYSE:AR - Get Free Report) last posted its earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.33). Antero Resources had a return on equity of 6.48% and a net margin of 10.13%.The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the business earned ($0.21) earnings per share. The firm's revenue for the quarter was up 32.6% compared to the same quarter last year. Equities analysts expect that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AR shares. UBS Group reduced their price objective on Antero Resources from $43.00 to $42.00 and set a "buy" rating on the stock in a research report on Monday, September 15th. Barclays increased their price objective on Antero Resources from $38.00 to $43.00 and gave the company an "equal weight" rating in a research report on Monday, July 7th. Morgan Stanley increased their price objective on Antero Resources from $46.00 to $47.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Raymond James Financial increased their price objective on Antero Resources from $57.00 to $58.00 and gave the company a "strong-buy" rating in a research report on Tuesday, July 22nd. Finally, Mizuho reduced their price objective on Antero Resources from $49.00 to $41.00 and set an "outperform" rating on the stock in a research report on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.75.

Antero Resources Company Profile

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.