Antero Resources Corporation (NYSE:AR) is one of the best oil and gas stocks to buy for the next decade.
Antero Resources Corporation (NYSE:AR) received a rating update from Morgan Stanley on June 29
The firm cut the price target on the stock to $48 from $56 and maintained an Overweight rating on the shares. The firm noted that since the announcement of a memorandum of understanding between Iran and the United States on June 14, oil prices have declined, with WTI now sitting only slightly above pre-conflict levels. The firm thus refreshed its estimates for the latest energy prices.
In another development, Texas Capital initiated coverage of Antero Resources Corporation (NYSE:AR) on June 25 with a Buy rating, setting a price target of $55 and telling investors that the company offers exposure to “a transformed Appalachian pure-play,” with lower costs, better scale, and a visible near-term and multi-year runway for expansion of its EBITDAX. The firm added that it sees a “meaningful disconnect” between the share price and the underlying value of the company’s asset base. Antero Resources Corporation (NYSE:AR) is involved in the development, exploration, production, and acquisition of natural gas.