Brokerages forecast that Antero Midstream Partners LP (NYSE:AM) will post sales of $203.79 million for the current quarter, Zacks reports. Three analysts have provided estimates for Antero Midstream Partners’ earnings. The highest sales estimate is $215.75 million and the lowest is $193.40 million. Antero Midstream Partners posted sales of $150.48 million in the same quarter last year, which suggests a positive year-over-year growth rate of 35.4%. The firm is scheduled to issue its next earnings report on Wednesday, October 25th.

On average, analysts expect that Antero Midstream Partners will report full-year sales of $203.79 million for the current financial year, with estimates ranging from $747.57 million to $801.43 million. For the next fiscal year, analysts anticipate that the company will post sales of $931.63 million per share, with estimates ranging from $823.40 million to $1.09 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Antero Midstream Partners.

Several equities research analysts have recently commented on AM shares. Morgan Stanley restated an “overweight” rating and set a $40.00 price objective on shares of Antero Midstream Partners in a report on Tuesday, May 30th. Zacks Investment Research cut Antero Midstream Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Goldman Sachs Group, Inc. (The) started coverage on Antero Midstream Partners in a research report on Monday, May 29th. They set a “buy” rating and a $45.00 target price on the stock. Barclays PLC reaffirmed an “overweight” rating and set a $40.00 target price on shares of Antero Midstream Partners in a research report on Tuesday, May 30th. Finally, BidaskClub cut Antero Midstream Partners from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $38.18.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Verition Fund Management LLC boosted its position in Antero Midstream Partners by 500.0% in the second quarter. Verition Fund Management LLC now owns 60,000 shares of the pipeline company’s stock valued at $1,991,000 after buying an additional 50,000 shares in the last quarter. Castleark Management LLC boosted its position in Antero Midstream Partners by 85.7% in the second quarter. Castleark Management LLC now owns 68,344 shares of the pipeline company’s stock valued at $2,268,000 after buying an additional 31,544 shares in the last quarter. Scotia Capital Inc. boosted its position in Antero Midstream Partners by 4.1% in the second quarter. Scotia Capital Inc. now owns 14,496 shares of the pipeline company’s stock valued at $481,000 after buying an additional 574 shares in the last quarter. The Manufacturers Life Insurance Company boosted 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 valued at $177,000 after buying an additional 410 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Antero Midstream Partners during the second quarter valued at $697,000. 46.80% of the stock is currently owned by institutional investors and hedge funds.

Antero Midstream Partners (NYSE:AM) opened at 31.31 on Monday. Antero Midstream Partners has a 52-week low of $24.61 and a 52-week high of $35.74. The stock has a 50 day moving average of $33.33 and a 200-day moving average of $33.67. The company has a market capitalization of $5.84 billion, a P/E ratio of 21.27 and a beta of 1.96.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 16th. Investors of record on Thursday, August 3rd were given a dividend of $0.32 per share. This is a boost from Antero Midstream Partners’s previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, August 1st. This represents a $1.28 annualized dividend and a dividend yield of 4.09%. Antero Midstream Partners’s payout ratio is presently 86.49%.

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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.

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Earnings History and Estimates for Antero Midstream Partners (NYSE:AM)

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