Antero Midstream GP LP (AMGP) Short Interest Update

Antero Midstream GP LP (NYSE:AMGP) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 731,523 shares, a decrease of 56.8% from the January 12th total of 1,693,753 shares. Based on an average trading volume of 743,506 shares, the days-to-cover ratio is currently 1.0 days. Approximately 1.0% of the company’s stock are sold short.

A number of research firms have weighed in on AMGP. Citigroup raised Antero Midstream GP from a “neutral” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Wednesday, December 6th. Morgan Stanley reaffirmed an “overweight” rating on shares of Antero Midstream GP in a research report on Friday, November 17th. Zacks Investment Research cut Antero Midstream GP from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Barclays cut Antero Midstream GP from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $26.00 to $23.00 in a research note on Wednesday, January 17th. Finally, ValuEngine cut Antero Midstream GP from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $26.12.

Shares of Antero Midstream GP (NYSE:AMGP) opened at $20.50 on Thursday. Antero Midstream GP has a 12 month low of $16.62 and a 12 month high of $22.87.

Antero Midstream GP (NYSE:AMGP) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05). Antero Midstream GP had a return on equity of 17.95% and a net margin of 4.41%. sell-side analysts anticipate that Antero Midstream GP will post 0.21 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Investors 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 1.46%. The ex-dividend date of this dividend is Wednesday, January 31st. This is a boost from Antero Midstream GP’s previous quarterly dividend of $0.06.

A number of institutional investors and hedge funds have recently bought and sold shares of AMGP. Zimmer Partners LP bought a new stake in Antero Midstream GP in the 4th quarter valued at $26,965,000. OppenheimerFunds Inc. raised its stake in Antero Midstream GP by 21.4% in the 4th quarter. OppenheimerFunds Inc. now owns 7,345,428 shares of the company’s stock valued at $144,852,000 after acquiring an additional 1,293,282 shares during the period. Cohen & Steers Inc. raised its stake in Antero Midstream GP by 59.0% in the 3rd quarter. Cohen & Steers Inc. now owns 3,135,115 shares of the company’s stock valued at $64,176,000 after acquiring an additional 1,163,246 shares during the period. Goldman Sachs Group Inc. raised its stake in Antero Midstream GP by 14.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 6,597,648 shares of the company’s stock valued at $130,105,000 after acquiring an additional 856,886 shares during the period. Finally, Millennium Management LLC raised its stake in Antero Midstream GP by 351.6% in the 4th quarter. Millennium Management LLC now owns 955,413 shares of the company’s stock valued at $18,841,000 after acquiring an additional 743,836 shares during the period. Institutional investors and hedge funds own 64.90% of the company’s stock.

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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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