Antero Midstream GP LP (NASDAQ:AMGP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Monday.

According to Zacks, “Antero Midstream GP LP owns, operates and develops midstream energy infrastructure. The Company’s segments include gathering and processing segment and water handling and treatment segment. It offers gathering and compressions, water distribution, clearwater facility, fractionation and pipeline safety services. Antero Midstream GP LP is based in Denver, United States. “

Several other research firms have also recently commented on AMGP. Scotiabank set a $25.00 price target on Antero Midstream GP and gave the stock a “hold” rating in a research note on Friday, July 21st. Morgan Stanley initiated coverage on Antero Midstream GP in a research note on Tuesday, May 30th. They issued an “overweight” rating and a $28.00 price target on the stock. DA Davidson initiated coverage on Antero Midstream GP in a research note on Tuesday, May 30th. They issued a “buy” rating and a $30.00 price target on the stock. Janney Montgomery Scott initiated coverage on Antero Midstream GP in a research note on Wednesday, May 31st. They issued a “buy” rating and a $27.00 price target on the stock. Finally, Ladenburg Thalmann Financial Services initiated coverage on Antero Midstream GP in a research note on Tuesday, May 30th. They issued a “buy” rating and a $27.00 price target on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $26.80.

Antero Midstream GP (NASDAQ:AMGP) traded down 1.57% on Monday, hitting $20.01. The stock had a trading volume of 262,150 shares. The company’s 50 day moving average is $21.67 and its 200 day moving average is $21.74. Antero Midstream GP has a 12-month low of $19.88 and a 12-month high of $22.87. The firm has a market cap of $3.73 billion and a PE ratio of 714.64.

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A number of hedge funds have recently made changes to their positions in AMGP. Diversified Trust Co purchased a new stake in shares of Antero Midstream GP during the second quarter valued at $259,000. Russell Investments Group Ltd. purchased a new stake in shares of Antero Midstream GP during the second quarter valued at $3,535,000. Eagle Global Advisors LLC purchased a new stake in shares of Antero Midstream GP during the second quarter valued at $35,061,000. State of New Jersey Common Pension Fund D purchased a new stake in shares of Antero Midstream GP during the second quarter valued at $1,649,000. Finally, Sei Investments Co. purchased a new stake in shares of Antero Midstream GP during the second quarter valued at $1,658,000.

About Antero Midstream GP

Antero Midstream GP LP, formerly Antero Resources Midstream Management LLC, owns, operates and develops midstream energy infrastructure. The Company’s segments include gathering and processing and water handling and treatment. The gathering and processing segment consist of long-term, fee-based activities including low-pressure gathering, compression, high-pressure gathering, processing, fractionation, and condensate gathering.

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Analyst Recommendations for Antero Midstream GP (NASDAQ:AMGP)

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