Antero Resources Corporation (AR) : The most positive equity analysts on Antero Resources Corporation (AR) expects the shares to touch $42, whereas, the least positive believes that the stock will trade at $24 in the short term. The company is covered by 19 Wall Street Brokerage Firms. The average price target for shares are $32.11 with an expected fluctuation of $4.61 from the mean.
Antero Resources Corporation (AR) stated gains of 368,008 shares or 2.9% in the short interest. The short interest registered from 12,772,014 on June 15,2016 to 13,140,022 on June 30,2016. In terms of floated shares, the shorted positions stood at 8.3%. The stock has been averaging 4,584,801 shares daily in trading and would need 3 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Major Brokerage house, Deutsche Bank maintains its ratings on Antero Resources Corporation (NYSE:AR). In the latest research report, Deutsche Bank lowers the target price from $28 per share to $27 per share. According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on June 14, 2016.
Antero Resources Corporation (NYSE:AR): On Thursdays trading session , Opening price of the stock was $28.18 with an intraday high of $28.24. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $26.52. However, the stock managed to close at $26.85, a loss of 4.24% for the day. On the previous day, the stock had closed at $28.04. The total traded volume of the day was 5,489,352 shares.
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.