Antero Midstream Partners (NYSE:AM)‘s stock had its “buy” rating restated by investment analysts at Stifel Nicolaus in a research note issued on Wednesday. They presently have a $37.00 target price on the pipeline company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 16.72% from the company’s previous close.
A number of other analysts have also commented on the stock. Zacks Investment Research lowered shares of Antero Midstream Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Credit Suisse Group started coverage on shares of Antero Midstream Partners in a report on Friday, January 5th. They set an “outperform” rating and a $35.00 price objective on the stock. TheStreet raised shares of Antero Midstream Partners from a “c” rating to a “b” rating in a report on Monday, November 6th. Mitsubishi UFJ Financial Group reaffirmed an “overweight” rating on shares of Antero Midstream Partners in a report on Friday, November 3rd. Finally, Scotiabank set a $44.00 price objective on shares of Antero Midstream Partners and gave the stock a “buy” rating in a report on Saturday, October 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $39.55.
Shares of Antero Midstream Partners (AM) traded up $0.19 during mid-day trading on Wednesday, reaching $31.70. 361,196 shares of the company’s stock were exchanged, compared to its average volume of 535,938. The company has a market cap of $5,900.00, a price-to-earnings ratio of 22.17, a PEG ratio of 0.87 and a beta of 1.79. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.70. Antero Midstream Partners has a fifty-two week low of $25.71 and a fifty-two week high of $35.74.
Antero Midstream Partners (NYSE:AM) last announced its quarterly earnings results on Wednesday, November 1st. The pipeline company reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.08). Antero Midstream Partners had a net margin of 38.18% and a return on equity of 19.38%. research analysts anticipate that Antero Midstream Partners will post 1.46 EPS for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of AM. Trust Department MB Financial Bank N A purchased a new position in shares of Antero Midstream Partners in the 4th quarter worth about $116,000. The Manufacturers Life Insurance Company boosted its holdings 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 worth $177,000 after buying an additional 410 shares during the last quarter. Carnick & Kubik Group LLC purchased a new position in shares of Antero Midstream Partners in the 3rd quarter worth about $227,000. Northern Trust Corp purchased a new position in shares of Antero Midstream Partners in the 2nd quarter worth about $245,000. Finally, Guild Investment Management Inc. purchased a new position in shares of Antero Midstream Partners in the 3rd quarter worth about $236,000. 49.51% of the stock is currently owned by hedge funds and other 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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