Movement Alert|Antero Resources Rises 5.23% in Regular Trading, Natural Gas Disruption and UBS Buy Rating in Focus

Market Focus10-17

On October 17, Antero Resources rose 5.23% in Regular Trading, trading at $38.335 per share, with turnover of $106 million.

The move coincided with a mechanical failure and force majeure event on the Mountaineer XPress pipeline, a key Appalachian gas takeaway route, which briefly heightened market concerns over Eastern US natural gas supply disruptions.

Supporting context shows UBS on October 6 lowered its price target on Antero Resources to $54 from $58 while maintaining a Buy rating. The company also reported second-quarter diluted EPS of $0.90 and revenue of $1.56 billion, both above market expectations, and its next earnings release is expected on October 28.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment