Shares of Antero Midstream Partners LP (NYSE:AM) have received an average rating of “Buy” from the eleven analysts that are currently covering the company. One equities research analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $36.67.
A number of equities analysts have commented on the stock. Capital One Financial Corp. assumed coverage on shares of Antero Midstream Partners in a research note on Thursday, March 30th. They issued an “overweight” rating for the company. TheStreet lowered shares of Antero Midstream Partners from a “b-” rating to a “c+” rating in a report on Thursday, January 26th. Finally, Scotiabank set a $39.00 price objective on shares of Antero Midstream Partners and gave the stock a “buy” rating in a report on Monday, March 20th.
Antero Midstream Partners (NYSE:AM) opened at 34.72 on Friday. The company has a market cap of $6.45 billion, a PE ratio of 25.57 and a beta of 2.02. The stock has a 50 day moving average of $33.60 and a 200-day moving average of $32.54. Antero Midstream Partners has a 1-year low of $23.79 and a 1-year high of $35.74.
Antero Midstream Partners (NYSE:AM) last released its quarterly earnings results on Monday, May 8th. The pipeline company reported $0.35 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.35. Antero Midstream Partners had a net margin of 37.41% and a return on equity of 18.72%. The business had revenue of $174.77 million during the quarter, compared to analysts’ expectations of $184.45 million. On average, equities research analysts predict that Antero Midstream Partners will post $1.56 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 10th. Investors of record on Wednesday, May 3rd were issued a dividend of $0.30 per share. This is a positive change from Antero Midstream Partners’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend was Monday, May 1st. Antero Midstream Partners’s dividend payout ratio is currently 98.25%.
A number of large investors have recently bought and sold shares of AM. Balentine LLC raised its stake in Antero Midstream Partners by 5.7% in the first quarter. Balentine LLC now owns 3,892 shares of the pipeline company’s stock worth $129,000 after buying an additional 210 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in Antero Midstream Partners during the first quarter worth approximately $194,000. Signature Financial Management Inc. purchased a new stake in Antero Midstream Partners during the first quarter worth approximately $205,000. Ancora Advisors LLC purchased a new stake in Antero Midstream Partners during the fourth quarter worth approximately $211,000. Finally, Keybank National Association OH purchased a new stake in Antero Midstream Partners during the fourth quarter worth approximately $216,000. Institutional investors own 72.96% of the company’s stock.
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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.
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