$0.38 Earnings Per Share Expected for Antero Midstream Partners LP (AM) This Quarter

Equities research analysts expect that Antero Midstream Partners LP (NYSE:AM) will announce earnings of $0.38 per share for the current quarter, Zacks reports. Three analysts have issued estimates for Antero Midstream Partners’ earnings. The lowest EPS estimate is $0.33 and the highest is $0.40. Antero Midstream Partners posted earnings per share of $0.37 in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.7%. The business is expected to issue its next earnings results on Tuesday, February 27th.

According to Zacks, analysts expect that Antero Midstream Partners will report full-year earnings of $1.46 per share for the current financial year, with EPS estimates ranging from $1.39 to $1.53. For the next year, analysts anticipate that the company will report earnings of $1.78 per share, with EPS estimates ranging from $1.16 to $2.11. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Antero Midstream Partners.

Several research analysts recently issued reports on AM shares. Zacks Investment Research downgraded shares of Antero Midstream Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. ValuEngine downgraded shares of Antero Midstream Partners from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Robert W. Baird set a $42.00 target price on shares of Antero Midstream Partners and gave the company a “buy” rating in a research report on Thursday, October 12th. TheStreet upgraded shares of Antero Midstream Partners from a “c” rating to a “b” rating in a research report on Monday, November 6th. Finally, Mitsubishi UFJ Financial Group restated an “overweight” rating on shares of Antero Midstream Partners in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the stock. Antero Midstream Partners currently has a consensus rating of “Buy” and an average price target of $38.27.

Antero Midstream Partners (AM) opened at $31.75 on Friday. The stock has a market cap of $5,930.00, a PE ratio of 22.20, a P/E/G ratio of 0.88 and a beta of 1.79. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.70. Antero Midstream Partners has a 52-week low of $25.71 and a 52-week high of $35.74.

Institutional investors have recently added to or reduced their stakes in the business. Keybank National Association OH raised its position in shares of Antero Midstream Partners by 4.8% in the 2nd quarter. Keybank National Association OH now owns 7,790 shares of the pipeline company’s stock valued at $258,000 after acquiring an additional 360 shares during the period. Williams Jones & Associates LLC raised its position in shares of Antero Midstream Partners by 1.6% in the 2nd quarter. Williams Jones & Associates LLC now owns 24,600 shares of the pipeline company’s stock valued at $816,000 after acquiring an additional 385 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Antero Midstream Partners by 8.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,347 shares of the pipeline company’s stock valued at $177,000 after acquiring an additional 410 shares during the period. Scotia Capital Inc. raised its position in shares of Antero Midstream Partners by 4.1% in the 2nd quarter. Scotia Capital Inc. now owns 14,496 shares of the pipeline company’s stock valued at $481,000 after acquiring an additional 574 shares during the period. Finally, Rafferty Asset Management LLC raised its position in shares of Antero Midstream Partners by 9.9% in the 2nd quarter. Rafferty Asset Management LLC now owns 8,119 shares of the pipeline company’s stock valued at $269,000 after acquiring an additional 731 shares during the period. Institutional investors own 49.36% of the company’s stock.

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Antero Midstream Partners Company Profile

Antero Midstream Partners LP is a limited partnership formed by Antero Resources Corporation (Antero Resources) to own, operate and develop midstream energy assets to service Antero Resources’ production. The Company’s segments include gathering and compression, and water handling and treatment. The gathering and compression segment includes a network of gathering pipelines, compressor stations, and processing and fractionation plants that collect and process natural gas, natural gas liquids (NGLs) and oil from Antero Resources’ wells in West Virginia and Ohio.

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