Large Outflow of Money Witnessed in Antero Resources Corporation

Antero Resources Corporation (NYSE:AR) had an volatile session and gained 0.67 points till last call. The price was at $28.34, gaining 2.42% till the last intraday data. The total uptick value was $29.46 million while the total downtick value was $33.22 million. The shares saw a net money flow of $(-3.76) million and the up/down ratio stood at 0.89. The stock has seen a change of of -1.8% for the week. The share had a block transaction during the course of trading in which the net money flow was $(-6.45) million. Almost $1.73 million were received in upticks and approximately $8.18 million were lost in downticks, thereby giving the up/down ratio of 0.21.


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%. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Yoo K. Phil, officer (See Remarks) of Antero Resources Corp, had unloaded 2,612 shares at an average price of $23.54 in a transaction dated on March 15, 2016. The total value of the transaction was worth $61,486.

Antero Resources Corporation (NYSE:AR) : On Monday heightened volatility was witnessed in Antero Resources Corporation (NYSE:AR) which led to swings in the share price. The stock opened for trading at $27.56 and hit $28.5225 on the upside , eventually ending the session at $28.34, with a gain of 2.42% or 0.67 points. The heightened volatility saw the trading volume jump to 7,668,176 shares. The 52-week high of the share price is $37.07 and the company has a market cap of $7,862 million. The 52-week low of the share price is at $18.5 .

Many analysts have stated their opinion on the company shares. In a research note released to the investors, JP Morgan upgrades its rating on Antero Resources Corporation (NYSE:AR).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Underweight by the brokerage firm. In a recent information released to the investors, JP Morgan raises the new price target from $25 per share to $28 per share. The rating by the firm was issued on April 15, 2016.

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.

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