Antero Resources (AR) Completes $750M Notes Offering to Finance M&A Deal

Antero Resources Corp (NYSE:AR) is one of the most undervalued stocks to buy and hold for 5 years. On January 28, Antero Resources Corp (NYSE:AR) completed a $750 million underwritten public offering of 5.4% senior unsecured notes due 2036 to help fund the company’s planned acquisition of HG Energy II Production Holdings LLC. The company is also selling its Utica Shale oil and gas assets to help fund the acquisition.

Several analysts have also expressed diverse opinions on Antero Resources Corp. (NYSE:AR) this month. On January 26, Siebert Williams Shank & Co analyst Gabriele Sorbara affirmed the stock’s current Buy rating and $48 price target. On January 23, Morgan Stanley lowered its price target on Antero Resources Corp (NYSE:AR) to $46 from $48 while retaining its Overweight rating. Barclays also lowered its price target on the company’s shares to $41 from $46, maintaining an Equal Weight rating in a January 21 report that advised investors to “tread carefully” amid near-term commodity uncertainty.

Antero Resources Corp (NYSE:AR) is an independent oil and natural gas company that develops, produces, explores, and acquires natural gas, natural gas liquids (NGLs), and oil properties in the U.S.

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Disclosure: None. This article is originally published at Insider Monkey.