Zacks Investment Research Downgrades Antero Midstream Partners (AM) to Sell

Antero Midstream Partners (NYSE:AM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday, December 26th.

According to Zacks, “Antero Midstream Partners LP is formed to own, operate and develop midstream energy properties. The Company’s assets consist of gathering pipelines, compressor stations and fresh water distribution systems. Its Gathering and Compression segment collects and transports natural gas through a network of gathering pipelines and compressor stations. The Fresh Water Distribution segment sources and delivers fresh water for the well completion operations through two independent fresh water distribution systems. Its projects are located in the southwestern core of the Marcellus Shale in northwest West Virginia and the Utica Shale in southern Ohio. Antero Midstream Partners LP is based in Denver, Colorado. “

AM has been the subject of several other research reports. ValuEngine downgraded 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 price objective on Antero Midstream Partners and gave the company a “buy” rating in a report on Sunday, September 10th. Morgan Stanley reissued an “overweight” rating on shares of Antero Midstream Partners in a research note on Tuesday, September 5th. TheStreet raised Antero Midstream Partners from a “c” rating to a “b” rating in a research note on Monday, November 6th. Finally, Mitsubishi UFJ Financial Group reissued an “overweight” rating on shares of Antero Midstream Partners in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $38.27.

Shares of Antero Midstream Partners (AM) opened at $31.75 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $5,930.00, a price-to-earnings ratio of 22.20, a P/E/G ratio of 0.88 and a beta of 1.79. Antero Midstream Partners has a one year low of $25.71 and a one year high of $35.74.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tortoise Capital Advisors L.L.C. raised its position in Antero Midstream Partners by 16.4% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 10,347,615 shares of the pipeline company’s stock worth $326,260,000 after purchasing an additional 1,457,105 shares during the last quarter. Alps Advisors Inc. raised its position in shares of Antero Midstream Partners by 12.2% in the 3rd quarter. Alps Advisors Inc. now owns 6,318,188 shares of the pipeline company’s stock worth $199,212,000 after acquiring an additional 686,899 shares in the last quarter. Harvest Fund Advisors LLC grew its stake in shares of Antero Midstream Partners by 45.7% in the 3rd quarter. Harvest Fund Advisors LLC now owns 6,129,948 shares of the pipeline company’s stock valued at $193,277,000 after buying an additional 1,922,682 shares during the period. Neuberger Berman Group LLC grew its stake in shares of Antero Midstream Partners by 2.8% in the 3rd quarter. Neuberger Berman Group LLC now owns 5,506,304 shares of the pipeline company’s stock valued at $173,614,000 after buying an additional 147,744 shares during the period. Finally, Chickasaw Capital Management LLC grew its stake in shares of Antero Midstream Partners by 6.5% in the 4th quarter. Chickasaw Capital Management LLC now owns 4,696,102 shares of the pipeline company’s stock valued at $136,375,000 after buying an additional 285,075 shares during the period. 49.36% of the stock is currently owned by institutional investors.

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About Antero Midstream Partners

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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