Antero Resources Corporation (NYSE:AR) : The highest level Antero Resources Corporation (NYSE:AR) is projected to reach is $42 for the short term and the lowest estimate is at $24. The consolidated price target from 19 rating analysts who initiate coverage on the stock is $32.11 and the possibility the share price can swing is $4.68.
Antero Resources Corporation has lost 9.16% in the last five trading days and dropped 10.81% in the last 4 weeks. Antero Resources Corporation is up 4.88% in the last 3-month period. Year-to-Date the stock performance stands at 19.17%. Also, Deutsche Bank maintains their rating on the shares of Antero Resources Corporation (NYSE:AR). The current rating of the shares is Hold. Equity Analysts at the Firm lowers the price target to $27 per share from $28 per share. The rating by the firm was issued on June 14, 2016.
Antero Resources Corporation (NYSE:AR) has an average broker rating of 2.25, which is interpreted as a Buy, as rated by 20 equity analysts. Nonetheless, 7 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 10 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy. 1 considers that the stock is a Sell.
Antero Resources Corporation (NYSE:AR): The stock opened at $26.56 on Thursday but the bulls could not build on the opening and the stock topped out at $26.58 for the day. The stock traded down to $25.83 during the day, due to lack of any buying support eventually closed down at $25.98 with a loss of -2.00% for the day. The stock had closed at $26.51 on the previous day. The total traded volume was 4,437,526 shares.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Sr. Vice President-Production) of Antero Resources Corp, Kilstrom Kevin J. had sold 10,000 shares worth of $283,600 in a transaction dated June 14, 2016. In this transaction, 10,000 shares were sold at $28.36 per share.
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.