Information Provided By: 
Fly News Breaks for February 18, 2020
AR
Feb 18, 2020 | 08:15 EDT
MKM Partners analyst John Gerdes downgraded Antero Resources two notches to Sell from Buy with a price target of $1, down from $4. The analyst cites his upward revision in the company's weighted-average-cost of capital given the company's diminished market capitalization as well as expectations of declining production to early 2022. Based on the $1.2B in expected capital spending, Gerdes expects Antero Resources production to peak at 3.7Bcfe/d in early 2022 vs. the management's forecast of reaching a 4.0Bcfe/d production plateau.
News For AR From the Last 2 Days
AR
Apr 17, 2024 | 09:43 EDT
AR
Apr 17, 2024 | 07:01 EDT
AR
Apr 17, 2024 | 04:55 EDT
Morgan Stanley upgraded Antero Resources to Overweight from Equal Weight with a price target of $36, up from $26. The analyst sees the company providing attractive leverage to rising gas prices and leading exposure to the growing liquified natural fairway in the Gulf Coast. Despite being an Appalachia producer, Antero has advantaged pipeline contracts that allow it to sell all of its production out of the basin, the analyst tells investors in a research note.
