Antero Resources Corporation (AR) : Traders are bullish on Antero Resources Corporation (AR) as it has outperformed the S&P 500 by a wide margin of 3.38% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.53%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.97% in the last 1 week, and is up 5.95% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Antero Resources Corporation (NYSE:AR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.32 and $26.94 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.23, notching a gain of 0.11% for the day. The total traded volume was 4,716,029 . The stock had closed at $27.20 on the previous day.
The stock has recorded a 20-day Moving Average of 2.77% and the 50-Day Moving Average is 0.31%. Antero Resources Corporation is up 5.14% in the last 3-month period. Year-to-Date the stock performance stands at 24.91%.
Antero Resources Corporation (AR) stock is expected to deviate a maximum of $3.99 from the average target price of $32.22 for the short term period. 18 Street Experts have initiated coverage on the stock with the most promising target being $40 and the most muted being $26.
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.