Analyst Tal Lev of TD Cowen maintained a Buy rating on Antero Resources, with a price target of $46.00.
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Tal Lev has given his Buy rating due to a combination of factors, including Antero’s ability to grow production beyond its stated 200 MMcfe/d at current activity while steadily reducing leverage toward roughly 1x by year-end 2026. He views the near-term pressure from higher D&C spending and elevated cash costs as manageable, particularly given a largely hedged profile, improving gas macro conditions, and management’s focus on debt reduction that should ultimately support an accelerated buyback program.
He also sees the HG acquisition as materially improving the company’s long-term outlook by lifting the production base about 30%, extending core drilling inventory by roughly five years, and lowering cash costs by around 10%. In his view, Antero’s firm transport to premium Gulf Coast markets, disciplined capital program, and incremental hedging strategy underpin resilient cash flow generation, making the recent underperformance versus peers an attractive entry point for investors.
According to TipRanks, Lev is an analyst with an average return of -14.3% and a 0.00% success rate.
In another report released today, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $39.00 price target.