Wells Fargo raised the firm’s price target on Antero Resources to $43 from $35 and keeps an Overweight rating on the shares. Antero Resources’ peer-leading 2024 capital efficiency, long-time upside from premium delivery points in the LNG corridor, combined with one of the highest leverage to better NGLs fundamentals in the gas space, should continue to drive share outperformance in 2024, the firm says.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AR:
- Antero Resources increases FY24 production guidance range to 3.35 to 3.4 Bcfe/d
- Antero Midstream Announces First Quarter 2024 Financial and Operating Results
- Antero Resources Announces First Quarter 2024 Financial and Operating Results
- Antero Resources reports Q1 EPS 12c, consensus 3c
- Antero Resources options imply 3.6% move in share price post-earnings