Antero Midstream GP LP (AMGP) Rating Reiterated by Robert W. Baird
Antero Midstream GP LP (NASDAQ:AMGP)‘s stock had its “buy” rating reissued by Robert W. Baird in a research report issued on Friday. They presently have a $28.00 price target on the stock. Robert W. Baird’s price objective would indicate a potential upside of 52.84% from the company’s current price.
Other research analysts have also issued reports about the company. Seaport Global Securities initiated coverage on Antero Midstream GP in a research note on Tuesday, October 10th. They set a “buy” rating and a $26.00 price objective for the company. Stifel Nicolaus upgraded Antero Midstream GP from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Monday, August 14th. They noted that the move was a valuation call. Zacks Investment Research upgraded Antero Midstream GP from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. Scotiabank set a $25.00 target price on Antero Midstream GP and gave the stock a “hold” rating in a report on Friday, July 21st. Finally, Goldman Sachs Group, Inc. (The) cut Antero Midstream GP from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $29.00 to $23.00 in a report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $26.25.
Antero Midstream GP (NASDAQ AMGP) traded down $0.83 during midday trading on Friday, reaching $18.32. The company’s stock had a trading volume of 160,555 shares.
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A number of institutional investors have recently bought and sold shares of the stock. Botty Investors LLC bought a new position in Antero Midstream GP in the second quarter valued at about $101,000. BNP Paribas Arbitrage SA bought a new position in Antero Midstream GP in the third quarter valued at about $220,000. Wells Fargo & Company MN bought a new position in Antero Midstream GP in the second quarter valued at about $255,000. Diversified Trust Co bought a new position in Antero Midstream GP in the second quarter valued at about $259,000. Finally, CNH Partners LLC bought a new position in Antero Midstream GP in the second quarter valued at about $319,000.
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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