Roth Capital raised the firm’s price target on Antero Resources (AR) to $36 from $34 and keeps a Neutral rating on the shares after the company announced it is acquiring HG Energy for $2.8B in cash and selling its Ohio Utica Shale assets for $800M in cash. Roth upped its 2026 cash flow per share estimate by 25% due to the transactions. Roth views the deals as “nicely” accretive to Antero in 2026.
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Read More on AR:
- Antero Resources Acquires HG Energy II Assets
- Infinity to acquire upstream, midstream assets in Ohio from Antero for $1.2B
- Antero Resources to acquire upstream assets of HG Energy II for $2.8B in cash
- Antero Resources downgraded to Neutral from Overweight at JPMorgan
- Unusually active option classes on open December 5th