Restoring Antero FVE to $12 After Incorporating Simplification Transaction
We are restoring our $12 fair value estimate for Antero Resources after incorporating the forthcoming simplification transaction relating to the Antero Midstream subsidiary, which will be treated as an equity investment going forward, instead of being consolidated on the parent's financial statements.This update also includes the company's fourth-quarter financial and operating results. Production rocketed to 3,213 million cubic feet of equivalent per day in the fourth quarter, which was 18% hi...
Antero Resources is an oil and natural gas company engaged in the exploration, development and production of natural gas, natural gas liquids (NGLs), and oil properties. The company focuses on unconventional reservoirs, which can generally be characterized as fractured shale formations. The company's drilling operations are focused in the Marcellus Shale and Utica Shale of the Appalachian Basin. The company's industry segments are: the exploration, development, and production of natural gas, NGLs, and oil; marketing of excess firm transportation capacity; and the gathering and processing of natural gas. All of the company's operations are conducted in the United States.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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