Antero Midstream GP LP (NASDAQ:AMGP) has been assigned an average rating of “Buy” from the sixteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $26.73.

A number of research firms have weighed in on AMGP. Stifel Nicolaus set a $24.00 target price on Antero Midstream GP and gave the stock a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research lowered Antero Midstream GP from a “hold” rating to a “sell” rating in a report on Monday, August 7th. Barclays PLC began coverage on Antero Midstream GP in a report on Tuesday, May 30th. They set an “overweight” rating and a $26.00 target price for the company. Scotiabank restated a “hold” rating and set a $25.00 target price on shares of Antero Midstream GP in a report on Monday, May 22nd. Finally, Credit Suisse Group began coverage on Antero Midstream GP in a report on Tuesday, May 30th. They set an “outperform” rating and a $28.00 target price for the company.

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Several institutional investors have recently modified their holdings of AMGP. Duff & Phelps Investment Management Co. acquired a new position in shares of Antero Midstream GP during the second quarter worth about $8,039,000. Diversified Trust Co acquired a new position in shares of Antero Midstream GP during the second quarter worth about $259,000. Eagle Global Advisors LLC acquired a new position in shares of Antero Midstream GP during the second quarter worth about $35,061,000. Tortoise Capital Advisors L.L.C. acquired a new position in shares of Antero Midstream GP during the second quarter worth about $90,757,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Antero Midstream GP during the second quarter worth about $3,535,000.

Antero Midstream GP (AMGP) opened at 19.07 on Tuesday. Antero Midstream GP has a 52-week low of $18.55 and a 52-week high of $22.87. The company has a market cap of $3.55 billion and a price-to-earnings ratio of 657.59. The company’s 50-day moving average price is $21.30 and its 200-day moving average price is $21.49.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Thursday, August 3rd will be given a dividend of $0.027 per share. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Tuesday, August 1st.

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.

Analyst Recommendations for Antero Midstream GP (NASDAQ:AMGP)

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