Citi analyst Paul Diamond CFA maintains $Antero Resources (AR.US)$ with a hold rating, and adjusts the target price from $29 to $35.
According to TipRanks data, the analyst has a success rate of 61.5% and a total average return of 10.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Antero Resources (AR.US)$'s main analysts recently are as follows:
Performance projections for the midstream sector in 2024 suggest that the energy sector is once again a worthy investment. Challenges remain for exploration and production companies as crude markets continue to be well-supplied. This makes a bullish stance on crude leverage seem premature. Nevertheless, the business environment coupled with share buybacks is expected to serve as shock absorbers should crude prices fall.
In 2025, natural gas producers are anticipated to gain from three dominant secular demand trends: the expansion of significant liquefied natural gas export capacity, an increase in power demand driven by electrification, and a shift from coal to gas. Updated exploration and production models extending to 2030 reinforce a long-term projection of gas prices staying above $3.50 per MMBtu. This adjustment is necessary to encourage additional supply from higher-cost gas basins such as Haynesville. In the oil sector, market conditions are expected to evolve from a balanced state in 2024 to a surplus in 2025 due to increases in supply, prompting a shift towards a more defensive market posture.
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