Antero Midstream Partners LP (AM) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Antero Midstream Partners LP (NYSE:AM) have earned an average rating of “Buy” from the seventeen analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and thirteen have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $40.10.

Several equities analysts have issued reports on the company. 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 research report on Tuesday, August 15th. Robert W. Baird set a $42.00 price objective on Antero Midstream Partners and gave the company a “buy” rating in a research report on Sunday, September 10th. Zacks Investment Research downgraded Antero Midstream Partners from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 3rd. TheStreet upgraded Antero Midstream Partners from a “c” rating to a “b” rating in a research report on Monday, November 6th. Finally, ValuEngine upgraded Antero Midstream Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th.

Antero Midstream Partners (AM) opened at $28.58 on Monday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.00 and a quick ratio of 1.00. Antero Midstream Partners has a 52-week low of $25.71 and a 52-week high of $35.74. The stock has a market capitalization of $5,333.83, a price-to-earnings ratio of 19.85, a price-to-earnings-growth ratio of 0.98 and a beta of 1.80.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 23rd. Stockholders of record on Wednesday, November 1st were given a dividend of $0.059 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.83%. Antero Midstream Partners’s payout ratio is currently 94.44%.

In other news, major shareholder Resources Corp Antero sold 10,000,000 shares of the business’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $31.11, for a total transaction of $311,100,000.00. Following the completion of the sale, the insider now owns 98,870,335 shares in the company, valued at $3,075,856,121.85. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 7.91% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in AM. Alliancebernstein L.P. increased its holdings in Antero Midstream Partners by 40.6% in the first quarter. Alliancebernstein L.P. now owns 15,002 shares of the pipeline company’s stock valued at $497,000 after purchasing an additional 4,332 shares during the last quarter. US Bancorp DE increased its holdings in Antero Midstream Partners by 6.4% in the second quarter. US Bancorp DE now owns 8,108 shares of the pipeline company’s stock valued at $269,000 after purchasing an additional 488 shares during the last quarter. State of New Jersey Common Pension Fund D increased its holdings in Antero Midstream Partners by 31.0% in the second quarter. State of New Jersey Common Pension Fund D now owns 127,300 shares of the pipeline company’s stock valued at $4,224,000 after purchasing an additional 30,100 shares during the last quarter. Tortoise Capital Advisors L.L.C. increased its holdings in Antero Midstream Partners by 2.4% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 8,890,510 shares of the pipeline company’s stock valued at $294,987,000 after purchasing an additional 212,003 shares during the last quarter. Finally, Global X Management Co. LLC increased its holdings in Antero Midstream Partners by 28.3% in the second quarter. Global X Management Co. LLC now owns 473,420 shares of the pipeline company’s stock valued at $15,708,000 after purchasing an additional 104,297 shares during the last quarter. Institutional investors own 49.39% of the company’s stock.

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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.

Analyst Recommendations for Antero Midstream Partners (NYSE:AM)

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