Antero Resources (AR) Stock Rating Upgraded at Jefferies
NEW YORK (TheStreet) -- Antero Resources (AR) - Get Report stock rating was lifted to 'hold' from 'underperform' at Jefferies Monday morning.
The firm increased its price target for the oil and natural gas company to $27 from $24, citing Antero's recent land purchase in West Virginia, as well as valuation.
"This core acreage complements the existing AR footprint and the main driver of our increasing price target," Jefferies noted.
Antero's Firm Transportation portfolio could be a source of concern as it calls for future reinvestment, but Jefferies analysts said they've become "more comfortable" with the expense because it's likely to add resource inventory.
Jefferies added that Antero will be able to dip into capital markets to help fund its Firm Transportation portfolio and meet growth targets.
Shares of Antero are higher by 0.15% to $26.44 in trading on Monday morning.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
We rate ANTERO RESOURCES CORP as a Sell with a ratings score of D+. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself.
You can view the full analysis from the report here: AR
data by