Antero Midstream GP LP (AMGP) Short Interest Up 47.8% in December
Antero Midstream GP LP (NYSE:AMGP) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 1,724,929 shares, an increase of 47.8% from the November 30th total of 1,166,877 shares. Approximately 2.4% of the company’s stock are sold short. Based on an average trading volume of 660,850 shares, the days-to-cover ratio is presently 2.6 days.
AMGP has been the subject of a number of analyst reports. Zacks Investment Research upgraded Antero Midstream GP from a “sell” rating to a “hold” rating in a report on Monday, December 25th. Seaport Global Securities initiated coverage on Antero Midstream GP in a report on Tuesday, October 10th. They issued a “buy” rating and a $26.00 price target for the company. Citigroup upgraded Antero Midstream GP from a “neutral” rating to a “buy” rating and set a $21.00 price target for the company in a report on Wednesday, December 6th. Morgan Stanley restated an “overweight” rating on shares of Antero Midstream GP in a report on Friday, November 17th. Finally, Wells Fargo & Co upgraded Antero Midstream GP from a “market perform” rating to an “outperform” rating in a report on Monday, November 6th. Three research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $26.56.
Several institutional investors have recently added to or reduced their stakes in AMGP. Neuberger Berman Group LLC purchased a new position in shares of Antero Midstream GP during the 2nd quarter valued at approximately $497,000. JPMorgan Chase & Co. bought a new position in Antero Midstream GP during the second quarter worth $462,000. Wells Fargo & Company MN bought a new position in Antero Midstream GP during the second quarter worth $255,000. Artisan Partners Limited Partnership bought a new position in Antero Midstream GP during the second quarter worth $12,415,000. Finally, New York State Common Retirement Fund bought a new position in Antero Midstream GP during the second quarter worth $2,354,000. Institutional investors own 64.73% of the company’s stock.
Antero Midstream GP (NYSE:AMGP) last released its earnings results on Wednesday, November 1st. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.04). The business had revenue of $19.07 million for the quarter, compared to analysts’ expectations of $19.44 million. Antero Midstream GP had a net margin of 4.41% and a return on equity of 17.95%. research analysts forecast that Antero Midstream GP will post 0.18 EPS for the current year.
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Antero Midstream GP Company Profile
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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