Antero Midstream Partners LP (AM) PT Set at $42.00 by Robert W. Baird

Antero Midstream Partners LP (NYSE:AM) has been given a $42.00 price target by stock analysts at Robert W. Baird in a research report issued on Sunday, September 10th. The firm currently has a “buy” rating on the pipeline company’s stock. Robert W. Baird’s price target would indicate a potential upside of 34.27% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Zacks Investment Research cut Antero Midstream Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Scotiabank set a $44.00 price objective on Antero Midstream Partners and gave the stock a “buy” rating in a research report on Monday, May 22nd. BidaskClub cut Antero Midstream Partners from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Stifel Nicolaus upgraded Antero Midstream Partners from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Tuesday, August 15th. Finally, Guggenheim assumed coverage on Antero Midstream Partners in a research report on Thursday, July 20th. They set a “buy” rating and a $37.00 price objective for the company. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $38.50.

Antero Midstream Partners (AM) opened at 31.28 on Friday. The firm has a 50-day moving average of $32.37 and a 200 day moving average of $33.24. The company has a market capitalization of $5.84 billion, a P/E ratio of 21.25 and a beta of 1.96. Antero Midstream Partners has a 52-week low of $25.49 and a 52-week high of $35.74.

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In other news, major shareholder Resources Corp Antero sold 10,000,000 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $31.11, for a total transaction of $311,100,000.00. Following the completion of the sale, the insider now owns 98,870,335 shares in the company, valued at approximately $3,075,856,121.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.91% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of AM. OppenheimerFunds Inc. grew its holdings in shares of Antero Midstream Partners by 50.3% during the 1st quarter. OppenheimerFunds Inc. now owns 1,921,960 shares of the pipeline company’s stock worth $63,732,000 after purchasing an additional 643,340 shares during the period. Bank of Montreal Can lifted its position in Antero Midstream Partners by 98.7% during the 2nd quarter. Bank of Montreal Can now owns 1,111,946 shares of the pipeline company’s stock worth $36,894,000 after acquiring an additional 552,241 shares in the last quarter. Eagle Global Advisors LLC lifted its position in Antero Midstream Partners by 125.0% during the 2nd quarter. Eagle Global Advisors LLC now owns 721,188 shares of the pipeline company’s stock worth $23,929,000 after acquiring an additional 400,688 shares in the last quarter. Atlantic Trust Group LLC lifted its position in Antero Midstream Partners by 33.9% during the 1st quarter. Atlantic Trust Group LLC now owns 1,581,678 shares of the pipeline company’s stock worth $52,448,000 after acquiring an additional 400,139 shares in the last quarter. Finally, Global X Management Co. LLC lifted its position in Antero Midstream Partners by 2,478.0% during the 1st quarter. Global X Management Co. LLC now owns 369,123 shares of the pipeline company’s stock worth $12,240,000 after acquiring an additional 354,805 shares in the last quarter. Institutional investors and hedge funds own 43.18% of the company’s stock.

Antero Midstream Partners Company Profile

Antero Midstream Partners LP is a limited partnership formed by Antero Resources Corporation (Antero Resources) to own, operate and develop midstream energy assets to service Antero Resources’ production. The Company’s segments include gathering and compression, and water handling and treatment. The gathering and compression segment includes a network of gathering pipelines, compressor stations, and processing and fractionation plants that collect and process natural gas, natural gas liquids (NGLs) and oil from Antero Resources’ wells in West Virginia and Ohio.

Analyst Recommendations for Antero Midstream Partners (NYSE:AM)

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