Energy Prospectus

Matador Resources Company (MTDR, $52.76, Buy) - Solid
Production Growth and Value Creation Ahead Despite Temporary
Production Shutins - Matador continues its growth strategy that
includes solid organic upside along with notable contribution from​
the recent Advance assets. While we decreased 3Q23 production
versus our prior estimate, we believe most shut-ins will be
temporary in nature. We believe the company’s latest 2023 and
2024 production expectations could end up being conservative
if MTDR continues to achieve operational efficiencies seen in
recent quarters. We estimate debt to return to pre-Advance levels
next year providing ample opportunities. We have increased our
price target to $76 from $70. - Neal Dingmann

Antero Resources Corporation (AR, $24.53, Buy) - Guiding To
Attractive '24 Maintenance Program, While Backfilling Locations
At Minimal Cost Guiding To Attractive '24 Maintenance Program,
While Backfilling Locations At Minimal Cost - Bertrand Donnes

Range Resources Corporation (RRC, $30.29, Hold) - Active
3Q Sets Up Growth Into Strong Pricing - Range reported a 2Q
cashflow beat, although higher spending led to a few questions
on the call about back half ’23 activity levels. With the majority
of the company’s 3Q TILs scheduled for the last few weeks, we
expect there could be some volatility in production estimates
between now and the next earnings report. However, we expect
the company to exit the year near 2.2 bcfepd and hold production
near those levels in ’24 coinciding with stronger strip pricing. -
Bertrand Donnes

EQT Corporation (EQT, $39.64, Hold) - Headline Driven
Story Ahead - After a 2Q23 beat and guidance reiteration the
call centered more on the recently signed LNG HOA and the
operational records. We feel that the unique LNG strategy is a
great pairing for EQT, as it maintains control and more importantly
flexibility to pivot cost/price points. We expect this to only be the
first of several LNG deals announced in the near-term. We would
note that until the Tug Hill (private) acquisition closes we expect
most investors to remain a bit timid on the name given the timing
delays, creating a potential buying opportunity if the shares lag its
peers. - Bertrand Donnes

What is Truist's price target for AR? The 7/28 clip you posted says "$24.53, Buy." I'm guessing that report was written when the last price was $24.53, which had to be before July 27 close ($25.40). Did they give a price target?

Thanks.

Here are the four most recent price targets submitted to TipRanks:

Truist Fin 7/28/2023 $32.00 BUY
Wells Fargo 7/28/2023 $27.00 HOLD
JP Morgan 7/28/2023 $31.00 HOLD
Siebert WS 7/27/2023 $29.00 HOLD

Keep in mind that my valuations are what I think the stock is worth today. These are all 12-month price targets and my valuation 12 months from now is likely to be a lot higher as more LNG export capacity comes online.