Truist lowered the firm’s price target on Antero Resources to $34 from $41 but keeps a Buy rating on the shares after its Q4 results. The company is exposed to continued gas volatility and moderate inflation, but it is also positioned in such a way that there is unlikely any scenario where the D&C activity is less than the current level, helping ensure a minimum of $500M in free cash flow this year, the analyst tells investors in a research note.
Published first on TheFly
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Read More on AR:
- Antero Resources sees 2023 net production to average 3.25 to 3.3 Bcfe/d
- Antero Resources reports Q4 EPS $2.31 vs. $2.65 a year ago
- Antero Resources Announces Fourth Quarter 2022 Results, Year End Reserves and 2023 Capital Budget and Guidance
- Antero Resources options imply 5.1% move in share price post-earnings
- Antero Resources price target lowered to $41 from $48 at Truist
