Antero Resources (AR) Upgrade - July 5

Antero Resources (AR) Upgrade - July 5

Postby dan_s » Tue Jul 05, 2022 1:44 pm

Antero Resources Corporation (AR, $30.74, Buy) - Upgrade to BUY,
Recent Deep Decline Provides Opportune Entry Point as Gas/NGLs Likely to Stay Strong

Recent Selloff Creates Opportunity For NGL Upside Trade
We are upgrading Antero to Buy from Hold after the stock has
underperformed our coverage group by ~10% and other gas
E&Ps by ~5% over the past month as natural gas fell from its
multiple-year high. We believe AR’s set up is one of the best
ways to play the potential post-COVID NGL/natural gas domestic
and international recovery. There appears to us to be several
drivers to materially higher natural gas and NGLs such as limited
public E&P natural gas growth and notable future international
NGL demand. - Neal Dingmann at Truist Financial
Last edited by dan_s on Tue Jul 05, 2022 8:51 pm, edited 1 time in total.
Dan Steffens
Energy Prospectus Group
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Re: Antero Midstream (AM) Upgrade - July 5

Postby Fraser921 » Tue Jul 05, 2022 7:17 pm

This is for AR not AM
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Re: Antero Resources (AR) Upgrade - July 5

Postby dan_s » Tue Jul 05, 2022 8:51 pm

AR My bad for not looking at the title closer.
Dan Steffens
Energy Prospectus Group
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Re: Antero Resources (AR) Upgrade - July 5

Postby Fraser921 » Wed Jul 06, 2022 10:29 am

Ar @ 27.97 = Market Cap of 8.7 b, Debt last qtr was 2.0 b . Free cash flow this qtr is estimated to be 700 m.-- so 8.7 +2.0-.7= an EV of 10.0 billion. The company has stated they would do 2.5 billion FCF at much lower strip prices than current (even after the recent downdraft)

2.5 b / 10 b EV is a 25 % return on EV ie 4 x
2.5 b / 8.7 = is 28.7 % return on equity

and if you prefer OCF 2.5+.8 = 3.3 / 10 is 3.0 x or 33 %.
Dan is using 6 x for valuation

Crazy mark downs on investors puking up all names
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Re: Antero Resources (AR) Upgrade - July 5

Postby Fraser921 » Thu Jul 07, 2022 12:44 pm

Ar up 11 % today to 32. Was as low as 27.58 yesterday. I had a buy order in for 27.50 and missed it by 8 cents WAAA

This is why you buy the crazy dips!
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Re: Antero Resources (AR) Upgrade - 48

Postby Fraser921 » Mon Jul 11, 2022 7:57 am

Nitin Kumar CFA maintained a Buy rating on Antero Resources (AR – Research Report) today and set a price target of $48.00. The company’s shares closed last Friday at $31.00.

According to TipRanks.com, CFA is a top 100 analyst with an average return of 31.0% and a 75.7% success rate. CFA covers the Utilities sector, focusing on stocks such as Continental Resources, Southwestern Energy, and Magnolia Oil & Gas.
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Re: Antero Resources (AR) Upgrade - July 5

Postby Fraser921 » Mon Jul 18, 2022 9:20 am

27.58 on July 6th, 34.91 today up 26 %

Earnings on July 27th!
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Re: Antero Resources (AR) Upgrade - July 5

Postby dan_s » Mon Jul 18, 2022 5:09 pm

AR is Raymond James top pick for ngas and NGLs.
Dan Steffens
Energy Prospectus Group
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