Antero Midstream Partners LP (NYSE:AM) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Antero Midstream Partners LP is formed to own, operate and develop midstream energy properties. The Company’s assets consist of gathering pipelines, compressor stations and fresh water distribution systems. Its Gathering and Compression segment collects and transports natural gas through a network of gathering pipelines and compressor stations. The Fresh Water Distribution segment sources and delivers fresh water for the well completion operations through two independent fresh water distribution systems. Its projects are located in the southwestern core of the Marcellus Shale in northwest West Virginia and the Utica Shale in southern Ohio. Antero Midstream Partners LP is based in Denver, Colorado. “

A number of other brokerages have also recently issued reports on AM. BidaskClub cut Antero Midstream Partners from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. ValuEngine cut Antero Midstream Partners from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Guggenheim initiated coverage on Antero Midstream Partners in a report on Thursday, July 20th. They issued a “buy” rating and a $37.00 target price on the stock. Robert W. Baird set a $42.00 target price on Antero Midstream Partners and gave the stock a “buy” rating in a report on Sunday, September 10th. Finally, Scotiabank set a $44.00 target price on Antero Midstream Partners and gave the stock a “buy” rating in a report on Saturday, July 22nd. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $39.25.

Shares of Antero Midstream Partners (NYSE:AM) traded down 0.69% during mid-day trading on Tuesday, hitting $31.51. The stock had a trading volume of 210,524 shares. Antero Midstream Partners has a 12-month low of $26.55 and a 12-month high of $35.74. The company has a 50 day moving average price of $31.84 and a 200 day moving average price of $32.93. The firm has a market cap of $5.88 billion, a P/E ratio of 21.41 and a beta of 1.92.

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In other Antero Midstream Partners news, major shareholder Resources Corp Antero sold 10,000,000 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $31.11, for a total value of $311,100,000.00. Following the completion of the sale, the insider now owns 98,870,335 shares of the company’s stock, valued at $3,075,856,121.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 7.91% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its position in shares of Antero Midstream Partners by 8.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,347 shares of the pipeline company’s stock worth $177,000 after purchasing an additional 410 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Antero Midstream Partners during the 1st quarter worth about $230,000. Northern Trust Corp acquired a new position in shares of Antero Midstream Partners during the 2nd quarter worth about $245,000. Keybank National Association OH lifted its position in shares of Antero Midstream Partners by 4.8% during the 2nd quarter. Keybank National Association OH now owns 7,790 shares of the pipeline company’s stock worth $258,000 after purchasing an additional 360 shares during the last quarter. Finally, US Bancorp DE lifted its position in shares of Antero Midstream Partners by 6.4% during the 2nd quarter. US Bancorp DE now owns 8,108 shares of the pipeline company’s stock worth $269,000 after purchasing an additional 488 shares during the last quarter. 43.22% of the stock is owned by institutional investors and hedge funds.

Antero Midstream Partners Company Profile

Antero Midstream Partners LP is a limited partnership formed by Antero Resources Corporation (Antero Resources) to own, operate and develop midstream energy assets to service Antero Resources’ production. The Company’s segments include gathering and compression, and water handling and treatment. The gathering and compression segment includes a network of gathering pipelines, compressor stations, and processing and fractionation plants that collect and process natural gas, natural gas liquids (NGLs) and oil from Antero Resources’ wells in West Virginia and Ohio.

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Analyst Recommendations for Antero Midstream Partners (NYSE:AM)

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