Antero Midstream Partners LP (NYSE:AM) was upgraded by equities researchers at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The brokerage presently has a $23.00 price objective on the pipeline company’s stock. Stifel Nicolaus’ target price would suggest a potential downside of 29.19% from the company’s current price.

Several other equities analysts have also recently weighed in on the stock. BidaskClub upgraded shares of Antero Midstream Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Antero Midstream Partners in a research report on Monday, May 29th. They set a “buy” rating and a $45.00 price objective on the stock. Citigroup Inc. reiterated a “buy” rating and set a $41.00 price objective on shares of Antero Midstream Partners in a research report on Wednesday, May 31st. Zacks Investment Research upgraded shares of Antero Midstream Partners from a “sell” rating to a “hold” rating in a report on Wednesday, July 26th. Finally, Guggenheim started coverage on shares of Antero Midstream Partners in a report on Thursday, July 20th. They set a “buy” rating and a $37.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $38.18.

Antero Midstream Partners (AM) opened at 32.48 on Tuesday. The firm’s 50 day moving average price is $33.40 and its 200-day moving average price is $33.73. The stock has a market cap of $6.06 billion, a price-to-earnings ratio of 22.07 and a beta of 1.96. Antero Midstream Partners has a 52 week low of $24.61 and a 52 week high of $35.74.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bollard Group LLC raised its position in Antero Midstream Partners by 0.8% in the first quarter. Bollard Group LLC now owns 9,689 shares of the pipeline company’s stock worth $321,000 after buying an additional 79 shares in the last quarter. Balentine LLC raised its position in Antero Midstream Partners by 5.7% in the first quarter. Balentine LLC now owns 3,892 shares of the pipeline company’s stock worth $129,000 after buying an additional 210 shares in the last quarter. Keybank National Association OH raised its position in Antero Midstream Partners by 4.8% in the second quarter. Keybank National Association OH now owns 7,790 shares of the pipeline company’s stock worth $258,000 after buying an additional 360 shares in the last quarter. Williams Jones & Associates LLC raised its position in Antero Midstream Partners by 1.6% in the second quarter. Williams Jones & Associates LLC now owns 24,600 shares of the pipeline company’s stock worth $816,000 after buying an additional 385 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Antero Midstream Partners by 8.3% in the second quarter. The Manufacturers Life Insurance Company now owns 5,347 shares of the pipeline company’s stock worth $177,000 after buying an additional 410 shares in the last quarter. 46.80% of the stock is owned by hedge funds and other institutional investors.

Antero Midstream Partners Company Profile

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.

Analyst Recommendations for Antero Midstream Partners (NYSE:AM)

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