Antero Midstream Partners LP (NYSE:AM) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday.

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. “

Other analysts also recently issued reports about the company. Robert W. Baird set a $42.00 price objective on Antero Midstream Partners and gave the stock a “buy” rating in a report on Sunday, September 10th. Stifel Nicolaus upgraded Antero Midstream Partners from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Tuesday, August 15th. Guggenheim assumed coverage on Antero Midstream Partners in a report on Thursday, July 20th. They set a “buy” rating and a $37.00 price objective for the company. ValuEngine upgraded Antero Midstream Partners from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Finally, Seaport Global Securities started coverage on Antero Midstream Partners in a report on Tuesday, October 10th. They issued a “buy” rating and a $44.00 price target for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $39.25.

Shares of Antero Midstream Partners (AM) traded down 1.18% during mid-day trading on Wednesday, reaching $28.53. The company had a trading volume of 360,620 shares. The stock has a 50 day moving average of $31.24 and a 200-day moving average of $32.70. The company has a market capitalization of $5.32 billion, a price-to-earnings ratio of 19.38 and a beta of 1.92. Antero Midstream Partners has a 52 week low of $27.01 and a 52 week high of $35.74.

ILLEGAL ACTIVITY NOTICE: This report was first reported by American Banking News and is the property of of American Banking News. If you are accessing this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/10/25/antero-midstream-partners-lp-am-downgraded-by-zacks-investment-research-to-strong-sell-2.html.

In other news, major shareholder Resources Corp Antero sold 10,000,000 shares of the stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $31.11, for a total transaction of $311,100,000.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.91% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Bank of Montreal Can raised its stake in Antero Midstream Partners by 98.7% during the second quarter. Bank of Montreal Can now owns 1,111,946 shares of the pipeline company’s stock worth $36,894,000 after acquiring an additional 552,241 shares during the period. Eagle Global Advisors LLC raised its stake in Antero Midstream Partners by 125.0% during the second quarter. Eagle Global Advisors LLC now owns 721,188 shares of the pipeline company’s stock worth $23,929,000 after acquiring an additional 400,688 shares during the period. Miller Howard Investments Inc. NY raised its stake in Antero Midstream Partners by 40.3% during the second quarter. Miller Howard Investments Inc. NY now owns 805,518 shares of the pipeline company’s stock worth $26,727,000 after acquiring an additional 231,265 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Antero Midstream Partners by 15.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,598,201 shares of the pipeline company’s stock worth $53,028,000 after acquiring an additional 212,350 shares during the period. Finally, Tortoise Capital Advisors L.L.C. raised its stake in Antero Midstream Partners by 2.4% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 8,890,510 shares of the pipeline company’s stock worth $294,987,000 after acquiring an additional 212,003 shares during the period. 43.00% of the stock is currently owned by institutional investors and hedge funds.

About Antero Midstream Partners

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.

Get a free copy of the Zacks research report on Antero Midstream Partners (AM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Antero Midstream Partners (NYSE:AM)

Receive News & Ratings for Antero Midstream Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Antero Midstream Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.