Antero Resources Corporation (AR) : Analyst Rating Update

Antero Resources Corporation (AR) : 20 analysts are covering Antero Resources Corporation (AR) and their average rating on the stock is 2.25, which is read as a Buy. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Antero Resources Corporation (AR) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 10 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Antero Resources Corporation (AR) : The highest level Antero Resources Corporation (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 (NYSE:AR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.41 and $25.25 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.95, notching a gain of 1.13% for the day. The total traded volume was 3,116,058 . The stock had closed at $25.66 on the previous day.

Also, Deutsche Bank maintains its rating on Antero Resources Corporation (NYSE:AR). The global brokerage major lowers the current price target from $28 per share to $27 per share. Analysts at the Deutsche Bank have a current rating of Hold on the shares. The rating by the firm was issued on June 14, 2016. The company shares have dropped -17.84% from its 1 Year high price. On Jul 8, 2015, the shares registered one year high at $32.99 and the one year low was seen on Dec 8, 2015. The 50-Day Moving Average price is $27.79 and the 200 Day Moving Average price is recorded at $25.48.

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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