Antero Resources Corporation (AR) has been under a strong bear grip, hence the stock is down -9.21% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.1% in the past 1 week. The stock has risen by 2.61% in the past week indicating that the buyers are active at lower levels, but the stock is down -5.25% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 2.5% and the 50-Day Moving Average is 3.31%.
Antero Resources Corporation (NYSE:AR): The stock opened at $27.06 on Friday but the bulls could not build on the opening and the stock topped out at $27.06 for the day. The stock traded down to $25.99 during the day, due to lack of any buying support eventually closed down at $26.37 with a loss of -1.79% for the day. The stock had closed at $26.85 on the previous day. The total traded volume was 3,344,518 shares.
The company Insiders own 10.8% of Antero Resources Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -2.82% . Institutional Investors own 77.91% of Antero Resources Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -12.96%. In a related news,The officer (Sr. Vice President-Production) of Antero Resources Corp, Kilstrom Kevin J. sold 10,000 shares at $28.36 on June 14, 2016. The Insider selling transaction had a total value worth of $283,600. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.