Price Target Update on Antero Resources Corporation (NYSE:AR)

Antero Resources Corporation (NYSE:AR) : 19 Wall Street analysts covering Antero Resources Corporation (NYSE:AR) believe that the average level the stock could reach for the short term is $32. The maximum price target given is $42 and the minimum target for short term is around $24, hence the standard deviation is calculated at $4.53.

Other Equity analysts have also commented 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.

Antero Resources Corporation (NYSE:AR): stock turned positive on Thursday. Though the stock opened at $28.85, the bulls momentum made the stock top out at $28.92 level for the day. The stock recorded a low of $28.32 and closed the trading day at $28.6, in the green by 0.35%. The total traded volume for the day was 3,188,038. The stock had closed at $28.5 in the previous days trading.

The company shares have dropped -19.03% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $35.83 and the one year low was seen on Dec 8, 2015. The 50-Day Moving Average price is $27.52 and the 200 Day Moving Average price is recorded at $24.99. 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.

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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