Antero Resources price target raised to $53 from $39 at Citi

Citi analyst Paul Diamond raised the firm’s price target on Antero Resources (AR) to $53 from $39 and keeps a Buy rating on the shares. The firm updated small-cap exploration and production models to reflect higher oil and gas price forecasts. Citi believes oil weighted companies are showing “robust capital discipline and a strong focus on shareholder returns.”