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Stock impact report

BofA Stays Bullish on Antero Resources Corporation (AR), but Lowers Expectations [Yahoo! Finance]

Antero Resources Corporation (AR) 
Last antero resources corporation earnings: 4/29 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Corporation (NYSE:AR) to $39 from $47 and maintained a ‘Buy' rating on the stock. According to TheFly, market optimism for natural gas has persisted for 18 months, but BofA anticipates the risk of oversupply in the coming year. This, coupled with reduced price guidance, results in a 12% average reduction in BofA's price projections for the gas-levered E&P group. Just a day earlier, Benchmark reiterated its ‘Hold' rating on Antero Resources Corporation (NYSE:AR) right after the company's debt issuance for the $2.8 billion acquisition of HG Energy II. The firm notes that this issuance of $750 million of 5.4% notes, along with the $800 million sale of its Ohio Utica assets, is to partially fund its purchase. The remaining half, on the other hand, will be paid through a $1.5 billion term loan with a three-year maturity. Copyright: 1971yes / 123RF Stock Photo By the end of 2027, Antero Resources Corporation (NYSE:AR) will be able to fully repay the term loan, marking a clear path to Show less Read more
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