Wells Fargo Initiates Coverage of Antero Resources (AR) with Equal Weight Rating and $39 PT, Anticipates Structural Changes in US Gas Markets

Antero Resources Corporation (NYSE:AR) is one of the best NYSE stocks to buy and hold for the next decade. On October 17, Wells Fargo analyst Sam Margolin took over coverage of Natural Gas E&P stocks, which included Antero Resources with an Equal Weight rating and $39 price target. Margolin projects that the US gas markets might undergo a structural change over the next decade, which is expected to lift the price floor and simultaneously reduce risk, which will be bullish for equities.

A few days earlier, on October 14, Morgan Stanley analyst Devin McDermott lowered the firm’s price target on Antero Resources to $44 from $47 and maintained an Overweight rating on the shares as part of an update on its price targets for Energy in the North America stock under its coverage.

Antero Resources Corporation (NYSE:AR) is an independent oil & natural gas company that develops, produces, explores, and acquires natural gas, NGLs, and oil properties in the US.

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Disclosure: None. This article is originally published at Insider Monkey.