Analyst Kalei Akamine from Bank of America Securities maintained a Buy rating on Antero Resources (AR – Research Report) and keeping the price target at $46.00.
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Kalei Akamine has given his Buy rating due to a combination of factors that highlight Antero Resources’ strong financial and operational performance. The company reported an operationally robust quarter, with adjusted EBITDA aligning with market expectations and capital expenditures coming in significantly lower than anticipated, resulting in a notable free cash flow beat. This financial discipline is moving Antero’s net debt in a positive direction, providing a pathway to potentially eliminating net debt by the end of 2025.
Furthermore, Antero Resources’ 2025 guidance indicates modestly improved production levels and reduced capital expenditure estimates, suggesting efficient operational execution. The company’s realization guidance for 2025 shows promising tailwinds, with premiums on natural gas and C3+ realizations exceeding expectations. These factors collectively support a sustainable shift from being over-leveraged to achieving a solid free cash flow profile, justifying the Buy rating with a price objective of $46 per share.
According to TipRanks, Akamine is a 2-star analyst with an average return of 1.4% and a 52.27% success rate. Akamine covers the Energy sector, focusing on stocks such as APA, Conocophillips, and CNX Resources.
In another report released yesterday, Roth MKM also maintained a Buy rating on the stock with a $45.00 price target.