In a report released yesterday, Roger Read from Wells Fargo maintained a Hold rating on Antero Resources, with a price target of $39.00.
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.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Roger Read’s rating is based on a combination of factors that suggest a cautious outlook for Antero Resources. The anticipated weaker financial performance in Q2’25, driven by lower price realizations and higher operating expenses, contributes to the Hold rating. Adjustments to the earnings model reflect these challenges, with expectations of lower EPS and free cash flow compared to market consensus.
Additionally, while there is an expectation of increased gas production in Q2, the overall production trajectory indicates potential fluctuations in subsequent quarters. The company’s focus on debt reduction and a balanced approach to shareholder returns, including share buybacks, also plays a role in the Hold rating. Furthermore, the global LPG market dynamics, with shifts in U.S. exports and modest domestic demand, add to the cautious sentiment. These elements collectively inform the decision to maintain a Hold rating for Antero Resources.
In another report released yesterday, Barclays also maintained a Hold rating on the stock with a $43.00 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.