Benchmark lowered the firm’s price target on Antero Resources to $36 from $40 and keeps a Buy rating on the shares after the company reported adjusted EPS below consensus. Antero is unhedged for natural gas and "a top pick in the event of a significant rally," though the firm doesn’t expect free cash flow until gas regains a $3-handle, which it sees happening in the second half of the year.
Published first on TheFly
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