Antero Midstream GP LP (NASDAQ:AMGP) declared a quarterly dividend on Friday, July 14th, Wall Street Journal reports. Investors of record on Thursday, August 3rd will be paid a dividend of 0.027 per share on Wednesday, August 23rd. This represents a $0.11 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend is Tuesday, August 1st.
Shares of Antero Midstream GP (NASDAQ AMGP) opened at 19.50 on Wednesday. The stock has a market capitalization of $3.63 billion and a price-to-earnings ratio of 696.43. The firm’s 50-day moving average price is $21.57 and its 200 day moving average price is $21.69. Antero Midstream GP has a 1-year low of $19.35 and a 1-year high of $27.74.
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AMGP has been the topic of several research reports. Credit Suisse Group initiated coverage on shares of Antero Midstream GP in a research note on Tuesday, May 30th. They issued an “outperform” rating and a $28.00 price objective on the stock. Morgan Stanley initiated coverage on shares of Antero Midstream GP in a research note on Tuesday, May 30th. They issued an “overweight” rating and a $28.00 price objective on the stock. Scotiabank reiterated a “hold” rating and issued a $25.00 price objective on shares of Antero Midstream GP in a research note on Monday, May 22nd. Mitsubishi UFJ Financial Group reiterated an “overweight” rating and issued a $30.00 price objective on shares of Antero Midstream GP in a research note on Tuesday, May 30th. Finally, DA Davidson initiated coverage on shares of Antero Midstream GP in a research note on Tuesday, May 30th. They issued a “buy” rating and a $30.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $26.80.
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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