Barclays cut shares of Antero Midstream GP (NYSE:AMGP) from an overweight rating to an equal weight rating in a research report report published on Wednesday, Marketbeat Ratings reports. Barclays currently has $23.00 price target on the stock, down from their previous price target of $26.00.
A number of other equities analysts have also weighed in on AMGP. Zacks Investment Research lowered Antero Midstream GP from a buy rating to a hold rating in a research note on Wednesday, January 10th. Scotiabank reiterated a hold rating and set a $24.00 target price on shares of Antero Midstream GP in a research note on Wednesday, October 4th. Goldman Sachs Group upgraded Antero Midstream GP from a neutral rating to a buy rating and set a $27.00 target price on the stock in a research note on Friday, January 5th. Credit Suisse Group started coverage on Antero Midstream GP in a research report on Thursday, January 4th. They set a neutral rating and a $21.00 price target on the stock. Finally, Seaport Global Securities started coverage on Antero Midstream GP in a research report on Tuesday, October 10th. They set a buy rating and a $26.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $26.00.
Shares of Antero Midstream GP (AMGP) traded down $0.20 during midday trading on Wednesday, hitting $20.71. The stock had a trading volume of 702,037 shares, compared to its average volume of 1,159,860. Antero Midstream GP has a one year low of $16.62 and a one year high of $22.87.
Antero Midstream GP (NYSE:AMGP) last announced its earnings results on Wednesday, November 1st. The company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.04). The firm had revenue of $19.07 million for the quarter, compared to the consensus estimate of $19.44 million. Antero Midstream GP had a return on equity of 17.95% and a net margin of 4.41%. research analysts expect that Antero Midstream GP will post 0.18 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Thursday, February 1st will be given a dividend of $0.075 per share. The ex-dividend date is Wednesday, January 31st. This represents a $0.30 dividend on an annualized basis and a yield of 1.45%. This is an increase from Antero Midstream GP’s previous quarterly dividend of $0.06.
A number of large investors have recently modified their holdings of AMGP. Warburg Pincus LLC acquired a new stake in shares of Antero Midstream GP in the 2nd quarter valued at $1,211,309,000. Yale University boosted its holdings in shares of Antero Midstream GP by 3.9% in the 3rd quarter. Yale University now owns 5,769,780 shares of the company’s stock valued at $118,107,000 after purchasing an additional 216,144 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of Antero Midstream GP in the 2nd quarter valued at $126,613,000. Tortoise Capital Advisors L.L.C. boosted its holdings in shares of Antero Midstream GP by 4.2% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 4,302,725 shares of the company’s stock valued at $88,077,000 after purchasing an additional 173,650 shares in the last quarter. Finally, Cohen & Steers Inc. boosted its holdings in shares of Antero Midstream GP by 59.0% in the 3rd quarter. Cohen & Steers Inc. now owns 3,135,115 shares of the company’s stock valued at $64,176,000 after purchasing an additional 1,163,246 shares in the last quarter. 64.73% of the stock is currently owned by institutional investors and hedge funds.
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Antero Midstream GP Company Profile
Antero Midstream GP LP, formerly Antero Resources Midstream Management LLC, owns, operates and develops midstream energy infrastructure. The Company’s segments include gathering and processing and water handling and treatment. The gathering and processing segment consist of long-term, fee-based activities including low-pressure gathering, compression, high-pressure gathering, processing, fractionation, and condensate gathering.
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