<div id="readability-page-1"><p>03:30 PM EDT, 05/07/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:</p><p>Our 12-month target remains $48, a 6x multiple of enterprise value to our 2027 EBITDA estimate, in line with AR's historical forward average. We raise our 2026 EPS estimate by $1.11 to $4.37 and our 2027 EPS estimate by $0.76 to $4.90. We see AR as a leading provider of relatively low-cost natural gas, as well as a healthy degree of NGL exposure. Management is 45% hedged in 2026 in the $3.90/MMBtu range, but that hedge protection drops to about the 30% range for 2027. Following the pending Ohio Utica divestiture, and the now-completed HG deal, AR's exposure to the Marcellus only rises. We see the Marcellus as a relatively lower-cost gas play. AR ended 2025 with a net debt-to-EBITDA ratio of just 2.1x, down from 4.9x at the end of 2024, and yielding considerably improved financial flexibility in our view. We estimate that shares are trading at a sizable discount to AR's historical forward average, despite our view that earnings power should improve to nearly 2022-era levels.</p> <p>MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</p></div>

Antero资源

<p>CFRA 对 Antero Resources Corporation 维持买入评级，设定 12 个月目标价为 48 美元，基于 6 倍企业价值与 EBITDA 的倍数。他们将 2026 年的每股收益预期上调至 4.37 美元，2027 年上调至 4.90 美元。Antero 被视为低成本天然气供应商，具有强大的 NGL（天然气液体）暴露。该公司的净债务与 EBITDA 比率已改善至 2.1 倍，增强了财务灵活性。尽管交易价格低于历史平均水平，但预计收益将显著改善</p>

研究警报：CFRA 维持对 Antero 资源公司股票的买入评级