David Deckelbaum, an analyst from TD Cowen, maintained the Hold rating on Antero Resources (AR – Research Report). The associated price target remains the same with $40.00.
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David Deckelbaum has given his Hold rating due to a combination of factors, including Antero Resources’ recent financial performance and future guidance. The company reported stronger-than-expected production and earnings in the fourth quarter of 2024, with total production and NGL production surpassing consensus estimates. Despite these positive results, Antero’s guidance for fiscal year 2025 suggests that production and capital expenditure levels will be in line with market expectations, without offering significant upside surprises.
Additionally, while the company has initiated hedges to manage price risks, the overall impact on future earnings appears limited given the modest volume of hedged production relative to total expected output. Furthermore, Antero’s plan to increase capital expenditures, albeit slightly below prior estimates, reflects a cautious approach to growth amidst fluctuating natural gas prices. These factors collectively support a Hold rating, as the company’s near-term prospects seem balanced between opportunities and challenges.
In another report released on January 28, Barclays also maintained a Hold rating on the stock with a $36.00 price target.