Antero Resources (AR) Update - Mar 16

[dan_s]

I have updated my forecast/valuation model for AR to adjust for higher oil and gas prices. AR is a large-cap "gasser". ~98.4% of their 2022 production is expected to be natural gas and NGLs. They are the 2nd largest producer of NGLs in the U.S.

My valuation increases by $2 to $36/share.

TipRanks: "In a report released 3-14-2022, Nitin Kumar CFA from Wells Fargo maintained a Buy rating on Antero Resources (AR), with a price target of $36.00." Mr. Kumar has a 5 Star rating with TipRanks. 5-Stars is has high as they go.

At the time of this post, AR was trading at $24.87.

On 2/18/2022 Raymond James' price target for AR was $38.00.

[Fraser921]

Antero posted new slide decks. Check out NG fundamentals among others

https://www.anteroresources.com/investors

[dan_s]

Note that AR is now forecasting $1.6 Billion of FCF for 2022, which compares to my forecast of $1.3 to $1.35 Billion.