Antero Midstream GP LP (NASDAQ:AMGP) was downgraded by investment analysts at Goldman Sachs Group, Inc. (The) from a “buy” rating to a “neutral” rating in a note issued to investors on Friday, MarketBeat reports.

Other equities research analysts also recently issued research reports about the stock. Robert W. Baird set a $28.00 target price on shares of Antero Midstream GP and gave the company a “buy” rating in a research note on Friday, June 16th. Scotiabank set a $25.00 target price on shares of Antero Midstream GP and gave the company a “hold” rating in a research note on Friday, July 21st. Stifel Nicolaus raised shares of Antero Midstream GP from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Monday, August 14th. They noted that the move was a valuation call. Wells Fargo & Company assumed coverage on shares of Antero Midstream GP in a research note on Tuesday, May 30th. They issued a “market perform” rating and a $23.00 target price for the company. Finally, Zacks Investment Research downgraded shares of Antero Midstream GP from a “hold” rating to a “sell” rating in a research note on Monday, August 7th. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $26.73.

Antero Midstream GP (NASDAQ AMGP) traded down 2.83% during trading on Friday, reaching $19.23. 580,384 shares of the company’s stock traded hands. The firm’s 50 day moving average is $19.53 and its 200 day moving average is $20.93. The company has a market cap of $3.58 billion and a P/E ratio of 663.10. Antero Midstream GP has a 12 month low of $17.66 and a 12 month high of $22.87.

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Several hedge funds have recently modified their holdings of AMGP. Botty Investors LLC bought a new stake in shares of Antero Midstream GP during the second quarter worth $101,000. Wells Fargo & Company MN bought a new stake in shares of Antero Midstream GP during the second quarter worth $255,000. Diversified Trust Co bought a new stake in shares of Antero Midstream GP during the second quarter worth $259,000. CNH Partners LLC bought a new stake in shares of Antero Midstream GP during the second quarter worth $319,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of Antero Midstream GP during the second quarter worth $462,000.

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.

Analyst Recommendations for Antero Midstream GP (NASDAQ:AMGP)

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