Barclays Downgrades Antero Resources (AR) PT to $42, Cites Q3 2025 E&P Preview

Antero Resources Corporation (NYSE:AR) is one of the cheap stocks to buy for the next 5 years. On October 7, Barclays lowered the firm’s price target on Antero Resources to $42 from $43, while keeping an Equal Weight rating on the shares. The firm previewed the Q3 2025 reports for the oil exploration & production space, and cut its 2026 price target.

In Q2, Antero Resources increased its Maintenance Production Target by 5% to over 3.4 billion cubic feet equivalent per day since 2023, yet reduced its Maintenance Capital Requirements by 26% to just $663 million. This resulted in a peer-leading Maintenance Capital per Mcfe of just $0.53, below the peer average.

The quarter saw Antero generate $260 million in free cash flow. The company reduced its total debt by ~$200 million in Q2. Management believes that new Gulf Coast export capacity will be a net positive by leading to higher Mont Belvieu benchmark prices, even as export dock premiums become more modest. Antero expects further reductions in maintenance CapEx in 2026 due to efficiency gains.

Antero Resources Corporation (NYSE:AR) is an independent oil & natural gas company that develops, produces, explores, and acquires natural gas, natural gas liquids/NGLs, and oil properties in the US.

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Disclosure: None. This article is originally published at Insider Monkey.