Antero Midstream GP (NYSE:AMGP) was upgraded by equities research analysts at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday, Marketbeat reports. The firm currently has a $27.00 price objective on the stock. Goldman Sachs Group’s target price suggests a potential upside of 29.75% from the company’s previous close.
Several other equities research analysts have also recently issued reports on AMGP. Credit Suisse Group initiated coverage on Antero Midstream GP in a report on Thursday. They issued a “neutral” rating and a $21.00 price objective on the stock. Scotiabank reiterated a “hold” rating and issued a $24.00 price objective on shares of Antero Midstream GP in a report on Wednesday, October 4th. Robert W. Baird set a $36.00 price objective on Antero Midstream GP and gave the stock a “buy” 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 objective on the stock. Finally, Zacks Investment Research upgraded Antero Midstream GP from a “sell” rating to a “hold” rating in a report on Monday, December 25th. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Antero Midstream GP has an average rating of “Buy” and an average target price of $26.38.
Antero Midstream GP (NYSE:AMGP) traded down $0.12 during trading hours on Friday, hitting $20.81. The stock had a trading volume of 1,162,289 shares, compared to its average volume of 1,768,125. Antero Midstream GP has a 52-week low of $16.62 and a 52-week high of $22.87.
Antero Midstream GP (NYSE:AMGP) last posted its earnings results on Wednesday, November 1st. The company reported $0.02 EPS for the quarter, missing the Zacks’ 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 business had revenue of $19.07 million for the quarter, compared to analyst estimates of $19.44 million. analysts predict that Antero Midstream GP will post 0.18 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Franklin Square Holdings L.P. lifted its stake in Antero Midstream GP by 128.6% in the 3rd quarter. Franklin Square Holdings L.P. now owns 25,150 shares of the company’s stock worth $515,000 after purchasing an additional 14,150 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in Antero Midstream GP in the 2nd quarter worth approximately $462,000. Cadence Capital Management LLC purchased a new position in Antero Midstream GP in the 3rd quarter worth approximately $1,413,000. Alyeska Investment Group L.P. lifted its stake in Antero Midstream GP by 56.5% in the 3rd quarter. Alyeska Investment Group L.P. now owns 1,800,000 shares of the company’s stock worth $36,846,000 after purchasing an additional 650,000 shares in the last quarter. Finally, Artisan Partners Limited Partnership purchased a new position in Antero Midstream GP in the 2nd quarter worth approximately $12,415,000. 64.73% of the stock is currently owned by institutional investors and hedge funds.
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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.