Why 2 Natural Gas Stocks Get Mixed Reception From JPMorgan Analyst
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Natural gas has been in focus with energy prices poised to climb on summer demand.
The 2024 estimate for natural gas production has been lowered by around 1.3 billion cubic feet per day (Bcf/d) to 102.7 Bcf/d, with production volumes expected to decline to exit the year at 101.8 Bcf/d, according to JPMorgan.
The Natural Gas Rating Changes: Analyst Arun Jayaram upgraded the rating for Antero Resources Corp (NYSE: AR) from Neutral to Overweight, while raising the price target from $27 to $30. The rating for EQT Corp (NYSE: EQT) was cut from Overweight to Neutral while the price target was lowered from $39 to $37.
The Antero Resources Thesis: The company was positioned as the “go-to name” in an elevated …
Full story available on Benzinga.com
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