Antero Midstream GP (NYSE:AMGP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Monday, January 8th. The firm currently has a $23.00 price target on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 9.32% from the company’s previous close.
According to Zacks, “Antero Midstream GP LP owns, operates and develops midstream energy infrastructure. The Company’s segments include gathering and processing segment and water handling and treatment segment. It offers gathering and compressions, water distribution, clearwater facility, fractionation and pipeline safety services. Antero Midstream GP LP is based in Denver, United States. “
A number of other analysts have also recently weighed in on the company. Goldman Sachs Group upgraded Antero Midstream GP from a “neutral” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Friday, January 5th. Credit Suisse Group assumed coverage on Antero Midstream GP in a report on Thursday, January 4th. They set a “neutral” rating and a $21.00 target price on the stock. Robert W. Baird set a $36.00 price target on Antero Midstream GP and gave the company a “buy” rating in a research note on Monday, December 25th. Citigroup raised Antero Midstream GP from a “neutral” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Wednesday, December 6th. Finally, Morgan Stanley restated an “overweight” rating on shares of Antero Midstream GP in a report on Friday, November 17th. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Antero Midstream GP has a consensus rating of “Buy” and an average price target of $26.18.
Antero Midstream GP (NYSE:AMGP) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04). The business had revenue of $19.07 million for the quarter, compared to analyst estimates of $19.44 million. Antero Midstream GP had a return on equity of 17.95% and a net margin of 4.41%. sell-side analysts anticipate that Antero Midstream GP will post 0.18 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of the stock. Warburg Pincus LLC bought a new stake in Antero Midstream GP during the 2nd quarter worth $1,211,309,000. Yale University lifted its holdings in Antero Midstream GP by 3.9% during the 3rd quarter. Yale University now owns 5,769,780 shares of the company’s stock worth $118,107,000 after buying an additional 216,144 shares during the period. Goldman Sachs Group Inc. acquired a new position in Antero Midstream GP during the 2nd quarter worth about $126,613,000. Tortoise Capital Advisors L.L.C. lifted its holdings in Antero Midstream GP by 4.2% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 4,302,725 shares of the company’s stock worth $88,077,000 after buying an additional 173,650 shares during the period. Finally, Cohen & Steers Inc. lifted its holdings in Antero Midstream GP by 59.0% during the 3rd quarter. Cohen & Steers Inc. now owns 3,135,115 shares of the company’s stock worth $64,176,000 after buying an additional 1,163,246 shares during the period. Institutional investors and hedge funds own 64.73% of the company’s stock.
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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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