Antero Midstream GP (AMGP) Releases Earnings Results, Misses Expectations By $0.05 EPS

Antero Midstream GP (NYSE:AMGP) posted its earnings results on Tuesday. The company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.05), reports. Antero Midstream GP had a net margin of 4.41% and a return on equity of 17.95%.

Antero Midstream GP (NYSE AMGP) traded up $0.20 on Tuesday, reaching $19.81. 585,080 shares of the company’s stock were exchanged, compared to its average volume of 857,832. Antero Midstream GP has a twelve month low of $16.62 and a twelve month high of $22.87.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Thursday, February 1st will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.51%. This is a positive change from Antero Midstream GP’s previous quarterly dividend of $0.06. The ex-dividend date is Wednesday, January 31st.

AMGP has been the topic of a number of research reports. Zacks Investment Research raised shares of Antero Midstream GP from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Monday, January 8th. Goldman Sachs Group raised shares of Antero Midstream GP from a “neutral” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Friday, January 5th. Robert W. Baird reaffirmed a “buy” rating and issued a $28.00 price target on shares of Antero Midstream GP in a research note on Friday, November 3rd. Citigroup raised shares of Antero Midstream GP from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Wednesday, December 6th. Finally, Barclays lowered shares of Antero Midstream GP from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $26.00 to $23.00 in a research note on Wednesday, January 17th. One analyst has rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Antero Midstream GP currently has a consensus rating of “Buy” and an average target price of $26.12.

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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.

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