Antero Midstream Partners LP (NYSE:AM) Raised to “Hold” at Zacks Investment Research

Antero Midstream Partners LP (NYSE:AM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Thursday, July 20th.

According to Zacks, “Antero Midstream Partners LP is formed to own, operate and develop midstream energy properties. The Company’s assets consist of gathering pipelines, compressor stations and fresh water distribution systems. Its Gathering and Compression segment collects and transports natural gas through a network of gathering pipelines and compressor stations. The Fresh Water Distribution segment sources and delivers fresh water for the well completion operations through two independent fresh water distribution systems. Its projects are located in the southwestern core of the Marcellus Shale in northwest West Virginia and the Utica Shale in southern Ohio. Antero Midstream Partners LP is based in Denver, Colorado. “

Several other equities analysts also recently issued reports on the company. Goldman Sachs Group, Inc. (The) initiated coverage on Antero Midstream Partners in a research report on Monday, May 29th. They issued a “buy” rating and a $45.00 price objective for the company. BidaskClub upgraded Antero Midstream Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Citigroup Inc. reiterated a “buy” rating and issued a $41.00 price objective on shares of Antero Midstream Partners in a research report on Wednesday, May 31st. Barclays PLC reiterated an “overweight” rating and issued a $40.00 price objective on shares of Antero Midstream Partners in a research report on Tuesday, May 30th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $40.00 price objective on shares of Antero Midstream Partners in a research report on Tuesday, May 30th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $39.00.

Antero Midstream Partners (AM) opened at 32.83 on Thursday. The stock has a 50 day moving average price of $33.05 and a 200 day moving average price of $33.79. Antero Midstream Partners has a 1-year low of $24.61 and a 1-year high of $35.74. The company has a market cap of $6.12 billion, a PE ratio of 22.24 and a beta of 1.96.

Antero Midstream Partners (NYSE:AM) last issued its quarterly earnings data on Monday, May 8th. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. Antero Midstream Partners had a return on equity of 21.03% and a net margin of 41.15%. The firm had revenue of $174.77 million during the quarter, compared to the consensus estimate of $184.45 million. Equities analysts forecast that Antero Midstream Partners will post $1.63 earnings per share for the current year.

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Several large investors have recently made changes to their positions in the company. BB&T Securities LLC bought a new stake in shares of Antero Midstream Partners during the first quarter worth approximately $1,111,000. Bank of America Corp DE boosted its stake in shares of Antero Midstream Partners by 39.6% in the first quarter. Bank of America Corp DE now owns 563,577 shares of the pipeline company’s stock worth $18,689,000 after buying an additional 159,856 shares during the period. Bank of Montreal Can boosted its stake in shares of Antero Midstream Partners by 98.7% in the second quarter. Bank of Montreal Can now owns 1,111,946 shares of the pipeline company’s stock worth $36,894,000 after buying an additional 552,241 shares during the period. Creative Planning boosted its stake in shares of Antero Midstream Partners by 29.1% in the second quarter. Creative Planning now owns 13,095 shares of the pipeline company’s stock worth $434,000 after buying an additional 2,950 shares during the period. Finally, Russell Investments Group Ltd. bought a new stake in shares of Antero Midstream Partners during the first quarter worth approximately $3,702,000. 46.99% of the stock is owned by institutional investors and hedge funds.

About Antero Midstream Partners

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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Analyst Recommendations for Antero Midstream Partners (NYSE:AM)

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