ValuEngine upgraded shares of Antero Midstream Partners (NYSE:AM) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning.
A number of other research firms have also weighed in on AM. Stifel Nicolaus lowered shares of Antero Midstream Partners from a buy rating to a hold rating and reduced their price objective for the stock from $37.00 to $35.00 in a research report on Thursday, August 2nd. JPMorgan Chase & Co. increased their price objective on shares of Antero Midstream Partners from $24.00 to $25.00 and gave the stock a neutral rating in a research report on Friday, August 10th. Wells Fargo & Co increased their price objective on shares of Antero Midstream Partners from $36.00 to $38.00 and gave the stock an outperform rating in a research report on Thursday, August 9th. Citigroup increased their price objective on shares of Antero Midstream Partners from $33.00 to $35.50 and gave the stock a buy rating in a research report on Tuesday, July 31st. Finally, Barclays reduced their price objective on shares of Antero Midstream Partners from $36.00 to $35.00 and set an overweight rating on the stock in a research report on Tuesday, June 12th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of Buy and an average price target of $34.95.
Antero Midstream Partners stock opened at $32.88 on Tuesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.31 and a current ratio of 1.31. Antero Midstream Partners has a 1-year low of $24.20 and a 1-year high of $34.53. The stock has a market capitalization of $5.36 billion, a P/E ratio of 24.18 and a beta of 1.78.
Antero Midstream Partners (NYSE:AM) last posted its quarterly earnings data on Wednesday, August 1st. The pipeline company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.02). Antero Midstream Partners had a return on equity of 20.54% and a net margin of 32.94%. The firm had revenue of $250.98 million during the quarter, compared to analysts’ expectations of $233.23 million. Sell-side analysts expect that Antero Midstream Partners will post 1.68 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the business. BB&T Securities LLC boosted its stake in shares of Antero Midstream Partners by 34.3% during the second quarter. BB&T Securities LLC now owns 64,441 shares of the pipeline company’s stock valued at $1,902,000 after purchasing an additional 16,470 shares in the last quarter. Franklin Square Holdings L.P. purchased a new stake in Antero Midstream Partners during the second quarter valued at approximately $425,000. Lake Street Advisors Group LLC purchased a new position in shares of Antero Midstream Partners in the second quarter worth $577,000. Payden & Rygel raised its holdings in shares of Antero Midstream Partners by 0.7% in the second quarter. Payden & Rygel now owns 785,740 shares of the pipeline company’s stock worth $23,195,000 after buying an additional 5,600 shares during the last quarter. Finally, Global X Management Co LLC raised its holdings in shares of Antero Midstream Partners by 22.8% in the second quarter. Global X Management Co LLC now owns 1,213,416 shares of the pipeline company’s stock worth $35,820,000 after buying an additional 224,980 shares during the last quarter. Institutional investors and hedge funds own 47.58% of the company’s stock.
Antero Midstream Partners Company Profile
Antero Midstream Partners LP owns, operates, and develops midstream energy assets. The company operates in two segments, Gathering and Processing, and Water Handling and Treatment. Its assets include 8-, 12-, 16-, 20-, 24-, and 30-inch high and low pressure gathering pipelines, compressor stations, and processing and fractionation plants that collect and process natural gas, natural gas liquids, and crude oil from wells in the Marcellus Shale in West Virginia and the Utica Shale in Ohio; and water handling and treatment assets, which comprise two independent fresh water delivery systems that deliver fresh water from the Ohio River and several regional waterways, as well as wastewater handling services for well completion operations.
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