Large Outflow of Money Witnessed in Antero Resources Corporation

Antero Resources Corporation (AR): The stock had negative money flow to the tune of ($0.53 million) on Friday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $0.2 million, whereas, the outflow of money on downticks was $0.72 million and the ratio between the two was 0.27. The block trade had a negative net money flow of ($0.54 million). On the other hand, downticks amounted to $0.54 million of the traded value, which shows distribution in the stock by traders. Antero Resources Corporation (AR) closed with marginal gains of 8 cents to end the day at $26.22, an increase of 0.31% over the previous days close. The stock recorded -0.57% for the week.


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 $26 in the short term. The company is covered by 20 Wall Street Brokerage Firms. The average price target for shares are $32.6 with an expected fluctuation of $4.38 from the mean.

Antero Resources Corporation (NYSE:AR): stock turned positive on Friday. Though the stock opened at $26.45, the bulls momentum made the stock top out at $26.45 level for the day. The stock recorded a low of $25.84 and closed the trading day at $26.19, in the green by 0.19%. The total traded volume for the day was 2,818,119. The stock had closed at $26.14 in the previous days trading.

In a related news, Kilstrom Kevin J., officer (Sr. Vice President-Production) of Antero Resources Corp, unloaded 10,000 shares at an average price of $28.36 on June 14, 2016. The total amount of the transaction was worth $283,600, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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