Morgan Stanley lowered its price target on Antero Resources to $48 from $56 while keeping an Overweight rating, citing declining oil prices since the Iran-US memorandum of understanding announcement on June 14. Texas Capital initiated coverage on June 25 with a Buy rating and a $55 price target, highlighting the company's transformed Appalachian pure-play with lower costs and a visible multi-year EBITDAX expansion runway. Antero Resources is engaged in natural gas development, exploration, production, and acquisition, operating through exploration and production, marketing, and an equity method investment in Antero Midstream segments.
Antero Resources CorpMorgan Stanley lowered price target from $56 to $48 due to declining oil prices
Antero Midstream Partners LP
Texas Capital Bancshares, Inc.