Antero Midstream GP LP (NASDAQ:AMGP) has been given an average recommendation of “Buy” by the sixteen research firms that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $26.21.

AMGP has been the subject of several recent research reports. Scotiabank reaffirmed a “hold” rating and set a $25.00 price objective on shares of Antero Midstream GP in a research report on Monday, May 22nd. Goldman Sachs Group, Inc. (The) initiated coverage on Antero Midstream GP in a research report on Monday, May 29th. They set a “buy” rating and a $29.00 price objective for the company. Stifel Nicolaus initiated coverage on Antero Midstream GP in a research report on Tuesday, May 30th. They set a “hold” rating and a $24.00 price objective for the company. Barclays PLC initiated coverage on Antero Midstream GP in a research report on Tuesday, May 30th. They set an “overweight” rating and a $26.00 price objective for the company. Finally, Wells Fargo & Company initiated coverage on Antero Midstream GP in a research report on Tuesday, May 30th. They set a “market perform” rating and a $23.00 price objective for the company.

Shares of Antero Midstream GP (NASDAQ:AMGP) opened at 19.23 on Friday. Antero Midstream GP has a 1-year low of $17.66 and a 1-year high of $22.87. The stock’s 50 day moving average price is $19.53 and its 200-day moving average price is $20.93. The stock has a market capitalization of $3.58 billion and a P/E ratio of 663.10.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Thursday, August 3rd were issued a dividend of $0.027 per share. The ex-dividend date was Tuesday, August 1st. This represents a $0.11 annualized dividend and a yield of 0.56%.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMGP. Botty Investors LLC bought a new stake in Antero Midstream GP during the second quarter worth about $101,000. Wells Fargo & Company MN bought a new stake in Antero Midstream GP during the second quarter worth about $255,000. Diversified Trust Co bought a new stake in Antero Midstream GP during the second quarter worth about $259,000. CNH Partners LLC bought a new stake in Antero Midstream GP during the second quarter worth about $319,000. Finally, JPMorgan Chase & Co. bought a new stake in Antero Midstream GP during the second quarter worth about $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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