Antero Resources Corporation (AR) Shares are Down -1.6%

Antero Resources Corporation (AR) has risen sharply, recording gains of 3.02% in the past 4 weeks. However, the stock has corrected -1.6% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.62% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

Antero Resources Corporation is up 1.93% in the last 3-month period. Year-to-Date the stock performance stands at 23.76%. The stock has recorded a 20-day Moving Average of 0.71% and the 50-Day Moving Average is 0.12%.


Antero Resources Corporation (NYSE:AR): The stock opened at $27.22 on Friday but the bulls could not build on the opening and the stock topped out at $27.51 for the day. The stock traded down to $26.87 during the day, due to lack of any buying support eventually closed down at $26.98 with a loss of -1.68% for the day. The stock had closed at $27.44 on the previous day. The total traded volume was 3,664,380 shares.

Also, Jefferies downgrades its rating on Antero Resources Corporation (NYSE:AR). Analysts at the Jefferies have a current rating of Underperform on the shares. The shares were previously rated Hold. The rating by the firm was issued on August 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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