Antero Midstream GP (NYSE:AMGP) was upgraded by stock analysts at Citigroup from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, The Fly reports.

A number of other research firms have also weighed in on AMGP. Seaport Global Securities assumed coverage on shares of Antero Midstream GP in a report on Tuesday, October 10th. They issued a “buy” rating and a $26.00 target price for the company. Scotiabank reissued a “hold” rating and issued a $24.00 target price on shares of Antero Midstream GP in a report on Wednesday, October 4th. Goldman Sachs Group lowered shares of Antero Midstream GP from a “buy” rating to a “neutral” rating and cut their target price for the company from $29.00 to $23.00 in a report on Friday, September 8th. Zacks Investment Research raised shares of Antero Midstream GP from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Antero Midstream GP in a research note on Tuesday, September 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $26.25.

Shares of Antero Midstream GP (AMGP) opened at $17.88 on Wednesday. Antero Midstream GP has a 1 year low of $16.62 and a 1 year high of $22.87.

Antero Midstream GP (NYSE:AMGP) last released its quarterly earnings data on Wednesday, November 1st. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.04). Antero Midstream GP had a net margin of 4.41% and a return on equity of 17.95%. The company had revenue of $19.07 million for the quarter, compared to the consensus estimate of $19.44 million. research analysts forecast that Antero Midstream GP will post 0.18 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. Botty Investors LLC bought a new stake in shares of Antero Midstream GP in the second quarter valued at about $101,000. Catalyst Capital Advisors LLC raised its holdings in shares of Antero Midstream GP by 1,854.5% in the third quarter. Catalyst Capital Advisors LLC now owns 8,600 shares of the company’s stock valued at $176,000 after acquiring an additional 8,160 shares in the last quarter. BNP Paribas Arbitrage SA bought a new stake in shares of Antero Midstream GP in the third quarter valued at about $220,000. Wells Fargo & Company MN bought a new stake in shares of Antero Midstream GP in the second quarter valued at about $255,000. Finally, CNH Partners LLC bought a new stake in shares of Antero Midstream GP in the second quarter valued at about $319,000. 64.73% of the stock is owned by hedge funds and other institutional investors.

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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.

The Fly

Analyst Recommendations for Antero Midstream GP (NYSE:AMGP)

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