Antero Resources (AR) Stock; $62 Target And Strong Buy Rating

By Amit Chowdhry ● Jun 23, 2022
  • The shares of Antero Resources Corp (NYSE: AR) have received a $60 price target from Raymond James. These are the details.

The shares of Antero Resources Corp (NYSE: AR) have received a $60 price target from Raymond James. And Raymond James analyst John Freeman increased the price target on Antero Resources from $52 while maintaining a “Strong Buy” rating on the shares.

Freeman adjusted the rating while noting that Freeport’s outage has no material effect on Antero. And while the debt reduction remained the key focus for the first half of 2022, Antero’s 2022 shareholder yield approaches 13%-14% and its 2023 shareholder return yield is expected to reach around 20%.

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