Antero Resources Corporation (AR) : 17 Wall Street analysts covering Antero Resources Corporation (AR) believe that the average level the stock could reach for the short term is $32.41. The maximum price target given is $39 and the minimum target for short term is around $26, hence the standard deviation is calculated at $3.86.
Antero Resources Corporation (AR) has an average broker rating of 1.9, which is interpreted as a Buy, as rated by 20 equity analysts. Nonetheless, 10 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 8 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 3, which is also a Hold.
Also, In the latest statement by the brokerage house, Jefferies downgrades its outlook on Antero Resources Corporation (NYSE:AR). The current rating of the shares is Underperform, according to the research report released by the firm. Previously, the company had a rating of Hold. The rating by the firm was issued on August 15, 2016.
Antero Resources Corporation (NYSE:AR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.48 and $25.28 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.78. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.76, notching a gain of 0.78% for the day. The total traded volume was 2,099,171 . The stock had closed at $25.56 on the previous day.
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.