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Truist analyst Neal Dingmann raised the firm's price target on Antero Resources to $58 from $50 and keeps a Buy rating on the shares as part of a broader research note previewing Q2 results in the E&P space. The recent downturn in commodities has taken some of the wind out of the group's sails, but the tailwind "breeze remains brisk" as oil prices are currently at levels not seen since 2014 and up nearly 40% year-to-date, even though many oil names are nearly flat or down, the analyst tells investors in a research note. Gas E&Ps have performed better but still not enough given the 106% return of the commodity, Dingmann adds.

Mizuho analyst Vincent Lovaglio lowered the firm's price target on Antero Resources to $53 from $59 and keeps a Buy rating on the shares. The analyst believes the energy sector, and particularly the exploration and production companies, will be viewed as "increasingly differentiated in their ability to deliver increasing cash return into next year." Despite the risks of a recession, energy companies have prioritized balance sheet strengthening over spending on production growth and should be in better shape to withstand a period of weaker economic activity, Lovaglio tells investors in a research note. The analyst favors natural gas over oil and lowered price targets heading into the Q2 reports.