Antero Resources Corporation (NYSE:AR) has climbed 0.58% in the past week and advanced 5.14% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.79% and the outperformance has advanced to 4.18% for the last 4 weeks period.
Antero Resources Corporation (NYSE:AR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.92 and $27.69 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.15. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.83, notching a gain of 2.47% for the day. The total traded volume was 5,656,017 . The stock had closed at $27.16 on the previous day.
The company shares have dropped -22.09% from its 1 Year high price. On Jun 24, 2015, the shares registered one year high at $36.24 and the one year low was seen on Dec 8, 2015. The 50-Day Moving Average price is $27.40 and the 200 Day Moving Average price is recorded at $24.77.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Kilstrom Kevin J., officer (Sr. Vice President-Production) of Antero Resources Corp, had unloaded 10,000 shares at an average price of $28.36 in a transaction dated on June 14, 2016. The total value of the transaction was worth $283,600.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Deutsche Bank maintains the rating on Antero Resources Corporation (NYSE:AR). The brokerage firm has issued a Hold rating on the shares. The Analysts at the ratings agency lowers the price target from $28 per share to $27 per share. The rating by the firm was issued on June 14, 2016. Currently the company Insiders own 0.04% of Antero Resources Corporation shares according to the proxy statements. Institutional Investors own 85.38% of Antero Resources Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -13.04%.
Antero Resources Corporation is engaged in the exploitation, development, and acquisition of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin in West Virginia, Ohio, and Pennsylvania. The Company targets large, repeatable resource plays where horizontal drilling and advanced fracture stimulation technologies provide the means to develop and produce natural gas, NGLs and oil from unconventional formations. The Company has fresh water distribution operations in the Appalachian Basin, as well as gathering and compression operations through its consolidated subsidiary, Antero Midstream Partners LP. The Company operates in four industry segments: the exploration, development and production of natural gas, NGLs and oil; gathering and compression; fresh water distribution and marketing of excess firm transportation capacity. All of its operations are conducted in the United States.