Analyst Gabriele Sorbara of Siebert Williams Shank & Co reiterated a Buy rating on Antero Resources (AR – Research Report), retaining the price target of $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.
Gabriele Sorbara has given his Buy rating due to a combination of factors that suggest potential growth and value for Antero Resources. Despite the company’s first-quarter results falling slightly short of expectations due to lower liquid volumes and higher operational costs, Sorbara highlights the reaffirmation of Antero’s 2025 outlook as a positive indicator. The initiation of stock buybacks earlier than anticipated, with significant amounts already repurchased, suggests a commitment to returning value to shareholders and indicates confidence in the company’s financial health.
Additionally, Antero Resources has secured firm sales agreements for a substantial portion of its LPG at favorable pricing, which should bolster its ability to meet its NGL pricing guidance. This strategic move provides sales assurance and could alleviate concerns stemming from recent stock underperformance. Sorbara also notes that natural gas pricing is tracking at the higher end of guidance, further supporting the company’s financial projections. These factors, combined with a relative valuation perspective, underpin the Buy rating recommendation.
In another report released yesterday, TD Cowen also maintained a Buy rating on the stock with a $46.00 price target.