Antero Midstream Partners LP (NYSE:AM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.

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. “

AM has been the subject of a number of other reports. Citigroup Inc. reissued a “buy” rating and issued a $41.00 price target on shares of Antero Midstream Partners in a report on Wednesday, May 31st. Capital One Financial Corporation began coverage on Antero Midstream Partners in a report on Thursday, March 30th. They issued an “overweight” rating for the company. Scotiabank set a $39.00 price target on Antero Midstream Partners and gave the stock a “buy” rating in a report on Monday, March 20th. BidaskClub cut Antero Midstream Partners from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. Finally, Mitsubishi UFJ Financial Group began coverage on Antero Midstream Partners in a report on Monday, May 29th. They issued a “buy” rating and a $30.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $39.20.

Shares of Antero Midstream Partners (NYSE:AM) traded down 0.18% during mid-day trading on Tuesday, hitting $32.45. The company’s stock had a trading volume of 142,077 shares. Antero Midstream Partners has a 12-month low of $24.61 and a 12-month high of $35.74. The company has a market cap of $6.03 billion, a PE ratio of 23.90 and a beta of 1.96. The stock has a 50-day moving average of $33.28 and a 200-day moving average of $33.28.

Antero Midstream Partners (NYSE:AM) last released its quarterly earnings results on Monday, May 8th. The pipeline company reported $0.35 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.35. Antero Midstream Partners had a return on equity of 19.78% and a net margin of 38.95%. The company had revenue of $174.77 million during the quarter, compared to analysts’ expectations of $184.45 million. On average, equities research analysts forecast that Antero Midstream Partners will post $1.60 EPS for the current year.

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A number of large investors have recently bought and sold shares of the stock. Kayne Anderson Capital Advisors LP increased its stake in Antero Midstream Partners by 30.7% in the first quarter. Kayne Anderson Capital Advisors LP now owns 2,969,700 shares of the pipeline company’s stock worth $98,460,000 after buying an additional 697,000 shares during the period. OppenheimerFunds Inc. increased its stake in Antero Midstream Partners by 50.3% in the first quarter. OppenheimerFunds Inc. now owns 1,921,960 shares of the pipeline company’s stock worth $63,732,000 after buying an additional 643,340 shares during the period. Atlantic Trust Group LLC increased its stake in Antero Midstream Partners by 33.9% in the first quarter. Atlantic Trust Group LLC now owns 1,581,678 shares of the pipeline company’s stock worth $52,448,000 after buying an additional 400,139 shares during the period. Global X Management Co. LLC increased its stake in Antero Midstream Partners by 2,478.0% in the first quarter. Global X Management Co. LLC now owns 369,123 shares of the pipeline company’s stock worth $12,240,000 after buying an additional 354,805 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Antero Midstream Partners by 26.8% in the first quarter. JPMorgan Chase & Co. now owns 1,526,482 shares of the pipeline company’s stock worth $50,618,000 after buying an additional 322,457 shares during the period. 46.60% of the stock is owned by hedge funds and other institutional investors.

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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