Roth Capital raised the firm’s price target on Infinity Natural Resources (INR) to $18 from $17 and keeps a Buy rating on the shares. The company’s acquisition of producing assets and midstream operations in the Ohio Utica immediately offsetting its existing Utica footprint seems like an “attractive acquisition”, as the asset has seen minimal drilling development over the past several years, the analyst tells investors in a research note. The expanded inventory in Ohio Utica and control over midstream operations are compelling, the firm added.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on INR:
- Antero Resources price target raised to $48 from $44 at Morgan Stanley
- Strategic Acquisition and Strong Financial Position Support Buy Rating for Infinity Natural Resources, Inc.
- Infinity Natural Resources Announces Major Ohio Asset Acquisition
- Northern Oil and Gas to acquire 49% stake in Ohio Utica Shale Assets for $588M
- Infinity to acquire upstream, midstream assets in Ohio from Antero for $1.2B