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

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. “

AMGP has been the subject of several other reports. Stifel Nicolaus began coverage on Antero Midstream GP in a report on Tuesday, May 30th. They set a “hold” rating and a $24.00 price objective for the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Antero Midstream GP in a report on Tuesday. Wells Fargo & Company began coverage on Antero Midstream GP in a report on Tuesday, May 30th. They set a “market perform” rating and a $23.00 price objective for the company. Robert W. Baird set a $28.00 price objective on Antero Midstream GP and gave the stock a “buy” rating in a report on Friday, June 16th. 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 price objective for the company. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $26.73.

Antero Midstream GP (AMGP) traded down 2.83% on Friday, reaching $19.23. The company had a trading volume of 580,384 shares. The company has a market capitalization of $3.58 billion and a PE ratio of 663.10. The company’s 50-day moving average is $19.59 and its 200-day moving average is $20.95. Antero Midstream GP has a 52-week low of $17.66 and a 52-week high of $22.87.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMGP. Diversified Trust Co acquired a new position in shares of Antero Midstream GP in the second quarter worth $259,000. Russell Investments Group Ltd. acquired a new position in shares of Antero Midstream GP in the second quarter worth $3,535,000. Eagle Global Advisors LLC acquired a new position in shares of Antero Midstream GP in the second quarter worth $35,061,000. State of New Jersey Common Pension Fund D acquired a new position in shares of Antero Midstream GP in the second quarter worth $1,649,000. Finally, Sei Investments Co. acquired a new position in shares of Antero Midstream GP in the second quarter worth $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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