Antero Midstream GP LP (AMGP) Rating Reiterated by Scotiabank
Antero Midstream GP LP (NASDAQ:AMGP)‘s stock had its “hold” rating reaffirmed by analysts at Scotiabank in a research report issued to clients and investors on Wednesday. They presently have a $24.00 price target on the stock. Scotiabank’s price target indicates a potential upside of 19.88% from the stock’s previous close.
Several other research analysts have also commented on the company. Morgan Stanley reissued an “overweight” rating on shares of Antero Midstream GP in a report on Tuesday, September 5th. Goldman Sachs Group, Inc. (The) cut shares of Antero Midstream GP from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $29.00 to $23.00 in a research report on Friday, September 8th. Zacks Investment Research raised shares of Antero Midstream GP from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Stifel Nicolaus set a $24.00 target price on shares of Antero Midstream GP and gave the company a “hold” rating in a research note on Thursday, August 3rd. Finally, 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 report on Friday, June 16th. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $26.27.
Shares of Antero Midstream GP (NASDAQ:AMGP) traded down 1.04% during midday trading on Wednesday, hitting $20.02. 147,790 shares of the company traded hands. Antero Midstream GP has a 52 week low of $17.66 and a 52 week high of $22.87. The stock has a market capitalization of $3.73 billion and a PE ratio of 690.34. The stock has a 50 day moving average of $19.24 and a 200-day moving average of $20.74.
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A number of institutional investors and hedge funds have recently modified their holdings of the business. Artisan Partners Limited Partnership bought a new position in Antero Midstream GP during the second quarter valued at approximately $12,415,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Antero Midstream GP during the second quarter worth approximately $6,876,000. Russell Investments Group Ltd. purchased a new position in shares of Antero Midstream GP during the second quarter worth approximately $3,535,000. Atlantic Trust Group LLC purchased a new position in shares of Antero Midstream GP during the second quarter worth approximately $27,611,000. Finally, Cbre Clarion Securities LLC purchased a new position in shares of Antero Midstream GP during the second quarter worth approximately $2,411,000.
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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