Loading...
Loading...
In a report published Monday, J.P. Morgan analyst Joseph Allman initiated coverage on
Antero Resources Corp.AR with an Overweight rating and $68.00 price target.
In the report, J.P. Morgan noted, “We initiate coverage of AR with an Overweight rating and a Dec-14 price target of $68/share, which we base on 115% of NYMEX NAV at YE14E. Whereas some companies have a sweet-spot position in the Marcellus or the Utica, Antero has a sweet-spot position in both. It also differentiates itself with its superior production growth and its capital efficiency. We think the stock will outperform based on, among other things, the company hitting or beating its production numbers, improving per-well production and reserves, and enhancing well economics.”
Antero Resources Corp. closed on Friday at $55.15.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in