In a report released yesterday, David Deckelbaum from TD Cowen maintained a Buy rating on Antero Resources (AR – Research Report), with a price target of $46.00.
David Deckelbaum has given his Buy rating due to a combination of factors that highlight Antero Resources’ strategic positioning and financial management. Antero’s first-quarter performance showed effective alignment with expectations, with price realizations exceeding forecasts despite slightly higher costs. This resulted in EBITDAX being marginally below consensus. The company maintained its capital expenditure in line with production targets and reiterated its full-year 2025 guidance, showcasing operational stability.
Furthermore, Antero Resources’ strategic initiatives, such as the new contract for LPG export volumes at a premium and the use of cash for debt reduction and share repurchases, underscore its commitment to enhancing shareholder value. The firm has also taken steps to hedge against market volatility by securing favorable natural gas hedges for future years. These actions reflect a well-rounded approach to risk management and financial prudence, supporting the Buy rating given by David Deckelbaum.
In another report released on April 29, Bank of America Securities also maintained a Buy rating on the stock with a $44.00 price target.