BofA raised the firm’s price target on Antero Resources (AR) to $47 from $44 and keeps a Buy rating on the shares after the company announced an agreement with HG Energy to acquire the entity in an all-cash deal. The firm sees post deal metrics for debt and debt adjusted free cash flow yield as better than pre-deal metrics, the analyst tells investors.
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Read More on AR:
- Strategic Acquisition of HG Energy Boosts Antero Resources’ Financial Outlook and Shareholder Value
- Hold Rating on Antero Resources Amid Strategic Transactions and Valuation Considerations
- Antero Resources price target raised to $40 from $37 at BMO Capital
- Antero Resources price target raised to $48 from $44 at Morgan Stanley
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