Antero Resources Corporation (AR) failed to extend gains with the stock declining -0.77% or $-0.19 to close the day at $24.64 on active trading volume of 4.04M shares, compared to its three month average trading volume of 3.16M. The Denver Colorado 80202 based company has been outperforming the oil & gas drilling & exploration group over the past 52 weeks, with the stock gaining 0.24%, compared to the industry which has advanced 23.7% over the same period. With RSI of 34.07, the stock should still continue to rise and get closer to its one year target estimate of $34.04, making it a hold for now.
Antero Resources Corporation, an independent oil and natural gas company, acquires, explores, and develops natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2014, the company had 543,000 net acres of oil and gas properties located in the Appalachian Basin in West Virginia, Ohio, and Pennsylvania. It also owns and operates 153 miles of gas gathering pipelines in the Marcellus Shale; and 96 miles of low-pressure, high-pressure, and condensate pipelines in the Utica Shale. The company was formerly known as Antero Resources Appalachian Corporation and changed its name to Antero Resources Corporation in June 2013. Antero Resources Corporation was founded in 2002 and is headquartered in Denver, Colorado. Antero Resources Corporation operates as a subsidiary of Antero Resources Investment LLC.
LaSalle Hotel Properties (LHO) climbed 1.9% during last trading as the stock added $0.46 to finish the day at $24.66 with about 1.68M shares changing hands, compared to its three month average trading volume of 1.47M. The $2.8B market cap company, which fluctuated between $23.81 and $24.74 during the day, currently situated 37.43% above its 52 week low of $19.01 and -13.63% away from its one year high of $30.23. The RSI of 55.74 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.
LaSalle Hotel Properties, a real estate investment trust (REIT), engages in the purchase, ownership, redevelopment, and leasing of primarily upscale and luxury full-service hotels in convention, resort, and urban business markets in the United States. It owns 34 hotels, totaling approximately 9,200 guest rooms in 15 markets in 11 states and the District of Columbia. The company qualifies as a REIT under the Internal Revenue Code of 1986. As a REIT, it would not be subject to federal corporate income tax to the extent that it distributes at least 90% of its taxable income to its shareholders. The company was founded in 1998 and is based in Bethesda, Maryland.