Antero Midstream Partners (AM) Reaches New 1-Year Low at $24.92

Antero Midstream Partners LP (NYSE:AM) reached a new 52-week low during trading on Tuesday . The stock traded as low as $24.92 and last traded at $25.00, with a volume of 167484 shares changing hands. The stock had previously closed at $25.52.

AM has been the subject of several recent analyst reports. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $23.00 price objective (down previously from $25.00) on shares of Antero Midstream Partners in a research note on Wednesday, March 14th. Credit Suisse Group initiated coverage on shares of Antero Midstream Partners in a research note on Friday, January 5th. They set an “outperform” rating and a $35.00 price objective for the company. Zacks Investment Research upgraded shares of Antero Midstream Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $37.00 price objective on shares of Antero Midstream Partners in a research note on Wednesday, January 17th. Finally, Seaport Global Securities set a $37.00 price objective on shares of Antero Midstream Partners and gave the stock a “buy” rating in a research note on Thursday, February 15th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Antero Midstream Partners presently has an average rating of “Buy” and a consensus target price of $37.58.

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The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $4,770.57, a P/E ratio of 20.05 and a beta of 1.84.

Antero Midstream Partners (NYSE:AM) last issued its quarterly earnings results on Tuesday, February 13th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.34. Antero Midstream Partners had a net margin of 32.74% and a return on equity of 18.34%. The business had revenue of $210.33 million for the quarter, compared to analyst estimates of $203.43 million. sell-side analysts expect that Antero Midstream Partners LP will post 1.74 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of the business. BB&T Securities LLC increased its stake in Antero Midstream Partners by 9.9% during the 4th quarter. BB&T Securities LLC now owns 49,686 shares of the pipeline company’s stock valued at $1,442,000 after purchasing an additional 4,467 shares in the last quarter. Westwood Holdings Group Inc. increased its stake in Antero Midstream Partners by 24.9% during the 4th quarter. Westwood Holdings Group Inc. now owns 346,420 shares of the pipeline company’s stock valued at $10,060,000 after purchasing an additional 69,160 shares in the last quarter. Cypress Wealth Advisors LLC acquired a new position in Antero Midstream Partners during the 4th quarter valued at approximately $1,289,000. Goldman Sachs Group Inc. increased its stake in Antero Midstream Partners by 7.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 9,987,300 shares of the pipeline company’s stock valued at $290,031,000 after purchasing an additional 728,024 shares in the last quarter. Finally, Guggenheim Capital LLC increased its stake in Antero Midstream Partners by 11.1% during the 4th quarter. Guggenheim Capital LLC now owns 49,274 shares of the pipeline company’s stock valued at $1,431,000 after purchasing an additional 4,903 shares in the last quarter. Institutional investors and hedge funds own 49.53% of the company’s stock.

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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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