Antero Midstream GP LP (NASDAQ:AMGP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday, October 17th.
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 research firms also recently commented on AMGP. Scotiabank set a $25.00 price objective on shares of Antero Midstream GP and gave the stock a “hold” rating in a research note on Friday, July 21st. Stifel Nicolaus upgraded shares of Antero Midstream GP from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Monday, August 14th. They noted that the move was a valuation call. Seaport Global Securities started coverage on shares of Antero Midstream GP in a research note on Tuesday, October 10th. They issued a “buy” rating and a $26.00 target price for the company. Goldman Sachs Group, Inc. (The) downgraded shares of Antero Midstream GP from a “buy” rating to a “neutral” rating and cut their target price for the company from $29.00 to $23.00 in a research note on Friday, September 8th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Antero Midstream GP in a research note on Tuesday, September 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Antero Midstream GP currently has an average rating of “Buy” and an average price target of $26.25.
Antero Midstream GP (NASDAQ:AMGP) traded down $0.08 on Tuesday, hitting $18.24. 790,714 shares of the company were exchanged.
Antero Midstream GP (NASDAQ: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 company had revenue of $19.07 million for the quarter, compared to analysts’ expectations of $19.44 million.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Botty Investors LLC bought a new position in Antero Midstream GP during the second quarter worth $101,000. BNP Paribas Arbitrage SA purchased a new position in Antero Midstream GP during the third quarter worth about $220,000. Wells Fargo & Company MN purchased a new position in Antero Midstream GP in the second quarter valued at about $255,000. Diversified Trust Co purchased a new position in Antero Midstream GP in the second quarter valued at about $259,000. Finally, CNH Partners LLC purchased a new position in Antero Midstream GP in the second quarter valued at about $319,000.
About Antero Midstream GP
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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