Still Overvalued, but Raising Fair Value Estimate After Vantage Energy Acquisition
Rice shares have taken a tumble today, following the company's announced acquisition of Vantage Energy for $2.7 billion. In contrast, we believe the transaction is accretive for shareholders and our fair value estimate has increased, albeit slightly, to $20 per share. That still signals a discount to the market price since our long term natural gas forecast of $3/mcf is in line with the futures strip but slightly below consensus.The deal includes 85,000 net Marcellus acres in Green County, Penn...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
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.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.