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

A number of research firms recently weighed in on AMGP. 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. Robert W. Baird set a $28.00 price target on Antero Midstream GP and gave the stock a “buy” rating in a research note on Friday, June 16th. Stifel Nicolaus upgraded Antero Midstream GP from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Monday, August 14th. They noted that the move was a valuation call. Zacks Investment Research cut Antero Midstream GP from a “hold” rating to a “sell” rating in a report on Monday, August 7th. Finally, Goldman Sachs Group, Inc. (The) cut Antero Midstream GP from a “buy” rating to a “neutral” rating and decreased their price target for the company from $29.00 to $23.00 in a report on Friday, September 8th.

Antero Midstream GP (AMGP) opened at 20.23 on Wednesday. The company has a 50 day moving average of $19.24 and a 200 day moving average of $20.74. The company has a market capitalization of $3.77 billion and a PE ratio of 697.59. Antero Midstream GP has a 52-week low of $17.66 and a 52-week high of $22.87.

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Several large investors have recently bought and sold shares of AMGP. Botty Investors LLC bought a new position in shares of Antero Midstream GP during the 2nd quarter valued at approximately $101,000. Wells Fargo & Company MN purchased a new position in shares of Antero Midstream GP in the second quarter valued at $255,000. Diversified Trust Co purchased a new position in shares of Antero Midstream GP in the second quarter valued at $259,000. CNH Partners LLC purchased a new position in shares of Antero Midstream GP in the second quarter valued at $319,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of Antero Midstream GP in the second quarter valued at $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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