JPMorgan raised the firm’s price target on Antero Resources (AR) to $42 from $39 and keeps a Neutral rating on the shares. The firm updated the company’s model to reflect the HG Energy II acquisition and Ohio Utica shale upstream asset divestiture. The analyst vies the transactions as successful portfolio management.
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Read More on AR:
- Strategic Acquisition and Financial Strength Justify Buy Rating for Antero Resources
- Antero Resources price target raised to $36 from $34 at Roth Capital
- 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