Antero Midstream Partners LP (NYSE:AM) – Equities researchers at Seaport Global Securities decreased their FY2017 earnings per share (EPS) estimates for shares of Antero Midstream Partners in a report released on Friday. Seaport Global Securities analyst B. Colson now expects that the pipeline company will earn $1.37 per share for the year, down from their prior estimate of $1.39. Seaport Global Securities has a “Buy” rating and a $44.00 price target on the stock. Seaport Global Securities also issued estimates for Antero Midstream Partners’ Q4 2017 earnings at $0.31 EPS and FY2018 earnings at $1.10 EPS.
A number of other research firms have also recently weighed in on AM. Stifel Nicolaus restated a “buy” rating and issued a $37.00 price target on shares of Antero Midstream Partners in a research note on Wednesday, January 17th. Zacks Investment Research upgraded Antero Midstream Partners from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 10th. ValuEngine cut Antero Midstream Partners from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Robert W. Baird set a $42.00 price target on Antero Midstream Partners and gave the company a “buy” rating in a research note on Thursday, October 12th. Finally, Credit Suisse Group initiated coverage on Antero Midstream Partners in a research note on Friday, January 5th. They issued an “outperform” rating and a $35.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $39.55.
Antero Midstream Partners (NYSE:AM) last released its quarterly earnings data on Wednesday, November 1st. The pipeline company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.08). Antero Midstream Partners had a net margin of 38.18% and a return on equity of 19.38%.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 13th. Investors of record on Thursday, February 1st will be paid a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date is Wednesday, January 31st. This is a boost from Antero Midstream Partners’s previous quarterly dividend of $0.34. Antero Midstream Partners’s dividend payout ratio is 94.44%.
A number of hedge funds have recently bought and sold shares of the business. Williams Jones & Associates LLC increased its position in Antero Midstream Partners by 1.6% during the 2nd quarter. Williams Jones & Associates LLC now owns 24,600 shares of the pipeline company’s stock worth $816,000 after buying an additional 385 shares during the period. The Manufacturers Life Insurance Company increased its position in Antero Midstream Partners by 8.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,347 shares of the pipeline company’s stock worth $177,000 after buying an additional 410 shares during the period. Scotia Capital Inc. increased its position in Antero Midstream Partners by 4.1% during the 2nd quarter. Scotia Capital Inc. now owns 14,496 shares of the pipeline company’s stock worth $481,000 after buying an additional 574 shares during the period. Rafferty Asset Management LLC increased its position in Antero Midstream Partners by 9.9% during the 2nd quarter. Rafferty Asset Management LLC now owns 8,119 shares of the pipeline company’s stock worth $269,000 after buying an additional 731 shares during the period. Finally, Alliancebernstein L.P. increased its position in Antero Midstream Partners by 5.9% during the 2nd quarter. Alliancebernstein L.P. now owns 15,892 shares of the pipeline company’s stock worth $527,000 after buying an additional 890 shares during the period. Hedge funds and other institutional investors own 49.51% of the company’s stock.
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.
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