Antero Midstream Partners (NYSE:AM) had its price objective dropped by analysts at Barclays from $37.00 to $36.00 in a report issued on Tuesday. The brokerage currently has an “overweight” rating on the pipeline company’s stock. Barclays’ target price indicates a potential upside of 32.50% from the stock’s current price.
AM has been the subject of a number of other reports. JPMorgan Chase restated an “overweight” rating and issued a $23.00 price objective (down from $25.00) on shares of Antero Midstream Partners in a research report on Wednesday, March 14th. Credit Suisse Group started coverage on shares of Antero Midstream Partners in a research note on Friday, January 5th. They issued an “outperform” rating and a $35.00 target price on the stock. Zacks Investment Research raised shares of Antero Midstream Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Citigroup lowered their target price on shares of Antero Midstream Partners from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday, March 28th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $37.00 target price on shares of Antero Midstream Partners in a research note on Wednesday, January 17th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $35.92.
AM stock opened at $27.17 on Tuesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.99 and a quick ratio of 0.99. Antero Midstream Partners has a 12 month low of $24.20 and a 12 month high of $35.55. The company has a market capitalization of $5,032.28, a PE ratio of 19.09 and a beta of 1.79.
Antero Midstream Partners (NYSE:AM) last released its quarterly earnings data on Tuesday, February 13th. The pipeline company reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates of $0.34. Antero Midstream Partners had a net margin of 32.74% and a return on equity of 18.34%. The company had revenue of $210.33 million during the quarter, compared to analyst estimates of $203.43 million. equities research analysts predict that Antero Midstream Partners will post 1.75 EPS for the current year.
Hedge funds have recently bought and sold shares of the business. BB&T Securities LLC raised its stake in shares of Antero Midstream Partners by 9.9% during the fourth quarter. BB&T Securities LLC now owns 49,686 shares of the pipeline company’s stock worth $1,442,000 after acquiring an additional 4,467 shares in the last quarter. Westwood Holdings Group Inc. raised its stake in shares of Antero Midstream Partners by 24.9% during the fourth quarter. Westwood Holdings Group Inc. now owns 346,420 shares of the pipeline company’s stock worth $10,060,000 after acquiring an additional 69,160 shares in the last quarter. Cypress Wealth Advisors LLC purchased a new position in shares of Antero Midstream Partners during the fourth quarter worth approximately $1,289,000. Goldman Sachs Group Inc. raised its stake in shares of Antero Midstream Partners by 7.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 9,987,300 shares of the pipeline company’s stock worth $290,031,000 after acquiring an additional 728,024 shares in the last quarter. Finally, Guggenheim Capital LLC raised its stake in shares of Antero Midstream Partners by 11.1% during the fourth quarter. Guggenheim Capital LLC now owns 49,274 shares of the pipeline company’s stock worth $1,431,000 after acquiring an additional 4,903 shares in the last quarter. 49.53% of the stock is currently owned by hedge funds and other institutional investors.
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About Antero Midstream Partners
Antero Midstream Partners LP owns, operates, and develops midstream energy assets. The company operates in two segments, Gathering and Processing, and Water Handling and Treatment. Its assets include 8-, 12-, 16-, 20-, 24-, and 30-inch high and low pressure gathering pipelines, compressor stations, and processing and fractionation plants that collect and process natural gas, natural gas liquids, and crude oil from wells in the Marcellus Shale in West Virginia and the Utica Shale in Ohio; and water handling and treatment assets, which comprise two independent fresh water delivery systems that deliver fresh water from the Ohio River and several regional waterways, as well as wastewater handling services for well completion operations.
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