Analysts Offer Insights on Materials Companies: Antero Resources (NYSE: AR) and Chevron Corp (NYSE: CVX)

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Antero Resources (NYSE: AR) and Chevron Corp (NYSE: CVX).

Antero Resources (NYSE: AR)

In a report released yesterday, Mark Lear from Jefferies reiterated a Hold rating on Antero Resources (NYSE: AR), with a price target of $22. The company’s shares opened today at $19.24.

According to TipRanks.com, Lear is a 1-star analyst with an average return of -2.1% and a 41.8% success rate. Lear covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Oil States International, and SilverBow Resources Inc.

Currently, the analyst consensus on Antero Resources is Moderate Buy and the average price target is $24.30, representing a 26.3% upside.

In a report released yesterday, Cowen & Co. also reiterated a Hold rating on the stock with a $22 price target.
Chevron Corp (NYSE: CVX)

Jefferies analyst Jason Gammel reiterated a Buy rating on Chevron Corp (NYSE: CVX) today and set a price target of $152. The company’s shares opened today at $131.83, close to its 52-week high of $133.88.

According to TipRanks.com, Gammel is a 4-star analyst with an average return of 9.8% and a 71.0% success rate. Gammel covers the Basic Materials sector, focusing on stocks such as Baker Hughes a GE company, Diamond Offshore Drilling, and Oceaneering International.

Currently, the analyst consensus on Chevron Corp is Moderate Buy and the average price target is $134.50, representing a 2.0% upside.

In a report issued on January 11, BMO Capital also upgraded the stock to Buy with a $140 price target.

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