Why These Energy Stocks are Losing This Week

3. Antero Resources Corporation (NYSE:AR)

Share Price Decline Between June 30 – July 8: 9.09%

Antero Resources Corporation (NYSE:AR) is an independent natural gas and liquids company operating in the Appalachian Basin. The company is the most integrated natural gas and NGL business in the US and one of the largest suppliers to the country’s LNG market.

Antero Resources Corporation (NYSE:AR) fell this week following a drop in the price of natural gas, with US natural gas futures dropping by over 22% since June 19 due to rising supply and strong storage levels. However, natural gas supply to LNG facilities remains strong as plants recover from maintenance and unplanned outages.

On a positive note, analysts maintain a positive view on Antero Resources Corporation (NYSE:AR), with JP Morgan raising the stock’s price target from $44 to $49, while maintaining an ‘Overweight’ rating. At the same time, Barclays also raised AR’s price target to $43 from $38, while keeping an ‘Equal Weight’ rating on its shares.