Viking Fund Management LLC Has $2.87 Million Stake in Antero Resources Co. (NYSE:AR)

Viking Fund Management LLC raised its stake in shares of Antero Resources Co. (NYSE:AR - Free Report) by 66.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 100,000 shares of the oil and natural gas company's stock after acquiring an additional 40,000 shares during the quarter. Viking Fund Management LLC's holdings in Antero Resources were worth $2,865,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. UMB Bank n.a. lifted its holdings in Antero Resources by 357.3% in the third quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company's stock worth $25,000 after acquiring an additional 686 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Antero Resources by 1,311.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company's stock valued at $28,000 after purchasing an additional 892 shares during the period. Mather Group LLC. bought a new position in Antero Resources during the 1st quarter worth $37,000. Mattson Financial Services LLC acquired a new stake in Antero Resources in the second quarter worth $64,000. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Antero Resources by 11.3% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,384 shares of the oil and natural gas company's stock valued at $98,000 after acquiring an additional 343 shares during the period. Institutional investors own 83.04% of the company's stock.

Antero Resources Stock Up 1.4 %

Shares of AR traded up $0.40 during midday trading on Friday, reaching $29.25. 2,575,180 shares of the stock were exchanged, compared to its average volume of 4,126,593. The company has a market cap of $9.09 billion, a price-to-earnings ratio of 146.25 and a beta of 3.33. The firm has a 50 day simple moving average of $27.35 and a 200-day simple moving average of $30.45. Antero Resources Co. has a 12-month low of $20.10 and a 12-month high of $36.28. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22.

Antero Resources (NYSE:AR - Get Free Report) last posted its earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.04). The business had revenue of $978.65 million during the quarter, compared to the consensus estimate of $980.20 million. Antero Resources had a return on equity of 0.45% and a net margin of 1.88%. Research analysts forecast that Antero Resources Co. will post -0.21 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AR. Wolfe Research raised Antero Resources from a "peer perform" rating to an "outperform" rating and set a $37.00 price target on the stock in a report on Wednesday, September 11th. JPMorgan Chase & Co. cut their price target on shares of Antero Resources from $37.00 to $30.00 and set an "overweight" rating for the company in a report on Thursday, September 12th. BMO Capital Markets lifted their price target on shares of Antero Resources from $33.00 to $34.00 and gave the stock a "market perform" rating in a research report on Friday, October 4th. Scotiabank upgraded Antero Resources from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the company from $40.00 to $44.00 in a research report on Tuesday, August 20th. Finally, Mizuho cut their target price on Antero Resources from $37.00 to $35.00 and set a "neutral" rating on the stock in a research report on Monday, September 16th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Antero Resources has a consensus rating of "Moderate Buy" and an average target price of $32.81.

Insider Transactions at Antero Resources

In related news, insider Yvette K. Schultz sold 50,000 shares of the company's stock in a transaction on Monday, August 5th. The shares were sold at an average price of $25.24, for a total transaction of $1,262,000.00. Following the completion of the sale, the insider now directly owns 248,363 shares of the company's stock, valued at approximately $6,268,682.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.70% of the stock is currently owned by corporate insiders.

Antero Resources 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.