Antero Resources price target lowered to $47 from $50 at Jefferies

Jefferies lowered the firm’s price target on Antero Resources (AR) to $47 from $50 and keeps a Buy rating on the shares. The firm said it expects the company to post Q3 EBITDA of $306M on production of about 3.43 bcfepd and capex of roughly $200M. For the call, the focus will likely be on strategy from new CEO Kennedy, outlook on the natural gas liquid market, targeted 2026 free cash flow allocation, hedging, liquefied natural gas demand, and any progress on supply agreements and data centers, the analyst tells investors in a research note.