Jefferies raised the firm’s price target on Antero Resources (AR) to $57 from $54 and keeps a Buy rating on the shares. The company’s earnings call highlighted a constructive demand outlook for both US natural gas and NGLs, with the company seen as “well positioned”, the analyst tells investors in a research note. The management also emphasized strong progress on the HG integration, with synergies target increased and cash cost guidance lowered, the firm added.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AR:
- Antero Resources price target raised to $38 from $36 at Roth Capital
- Antero Resources reports Q1 EPS $1.72, consensus $1.14
- AR Upcoming Earnings Report: What to Expect?
- Antero Resources price target raised to $44 from $39 at BofA
- Antero Resources price target raised to $56 from $50 at Siebert Williams