Antero Midstream GP LP (NASDAQ:AMGP) Given a $25.00 Price Target by Scotiabank Analysts

Scotiabank set a $25.00 target price on Antero Midstream GP LP (NASDAQ:AMGP) in a report released on Friday, July 21st. The brokerage currently has a hold rating on the stock.

AMGP has been the topic of several other research reports. Credit Suisse Group started coverage on Antero Midstream GP in a research report on Tuesday, May 30th. They set an outperform rating and a $28.00 target price on the stock. Morgan Stanley started coverage on Antero Midstream GP in a research report on Tuesday, May 30th. They set an overweight rating and a $28.00 target price on the stock. Mitsubishi UFJ Financial Group restated an overweight rating and set a $30.00 target price on shares of Antero Midstream GP in a research report on Tuesday, May 30th. DA Davidson started coverage on Antero Midstream GP in a research report on Tuesday, May 30th. They set a buy rating and a $30.00 target price on the stock. Finally, Barclays PLC initiated coverage on Antero Midstream GP in a research report on Tuesday, May 30th. They set an overweight rating and a $26.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $26.80.

Shares of Antero Midstream GP (AMGP) traded down 2.55% during trading on Friday, reaching $19.50. The company’s stock had a trading volume of 564,834 shares. The stock has a market cap of $3.63 billion and a P/E ratio of 696.43. Antero Midstream GP has a 52-week low of $19.35 and a 52-week high of $27.74. The stock has a 50-day moving average of $21.57 and a 200-day moving average of $21.69.

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The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Investors of record on Thursday, August 3rd will be given a $0.027 dividend. The ex-dividend date is Tuesday, August 1st. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.55%.

Several large investors have recently modified their holdings of AMGP. Tortoise Capital Advisors L.L.C. acquired a new position in shares of Antero Midstream GP during the second quarter worth approximately $90,757,000. Jennison Associates LLC acquired a new position in shares of Antero Midstream GP during the second quarter worth approximately $38,645,000. Eagle Global Advisors LLC acquired a new position in shares of Antero Midstream GP during the second quarter worth approximately $35,061,000. Duff & Phelps Investment Management Co. acquired a new position in shares of Antero Midstream GP during the second quarter worth approximately $8,039,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Antero Midstream GP during the second quarter worth approximately $3,535,000.

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.

Analyst Recommendations for Antero Midstream GP (NASDAQ:AMGP)

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