David Deckelbaum, an analyst from TD Cowen, maintained the Buy rating on Antero Resources. The associated price target is $46.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
David Deckelbaum has given his Buy rating due to a combination of factors including Antero Resources’ strong operational performance and financial strategy. The company’s production guidance for FY25 was increased, reflecting improved well performance, while capital expenditure guidance was lowered due to efficiency gains. These operational efficiencies are expected to enhance free cash flow, which supports the company’s ongoing share buyback program and debt reduction efforts.
Additionally, Antero Resources has demonstrated financial prudence by repurchasing shares at a discount and maintaining a low leverage ratio. The company also strategically added new natural gas hedges for FY26, which are expected to provide price stability. These factors, combined with updated EBITDAX estimates reflecting higher production and cost management, underpin Deckelbaum’s positive outlook on the stock.
In another report released yesterday, Roth MKM also maintained a Buy rating on the stock with a $45.00 price target.
Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AR in relation to earlier this year.