Jefferies lowers price target on Antero Resources
AR•Jefferies lowered its price target on Antero Resources to $56 from $60 while maintaining a buy rating, citing lower expected natural gas and NGL prices. It cut EBITDA forecasts by about 2% for 2026, 14% for 2027 and 10% for 2028.
1. Forecasts and results
Jefferies expects lower natural gas and NGL prices to likely cut Antero Resources’ earnings. It sees third-quarter results about 4% below the Street, saying soft Appalachian gas prices and pipeline outages forced the company to sell more gas locally at lower prices. The revised $56 price target still implies 60% upside.
