Antero Midstream Partners LP (NYSE:AM) was the recipient of some unusual options trading activity on Monday. Stock traders purchased 1,000 put options on the company. This represents an increase of 1,415% compared to the average daily volume of 66 put options.
A number of hedge funds have recently made changes to their positions in AM. Ameriprise Financial Inc. lifted its position in Antero Midstream Partners by 11.0% during the second quarter. Ameriprise Financial Inc. now owns 16,209 shares of the pipeline company’s stock valued at $538,000 after buying an additional 1,612 shares in the last quarter. Northern Trust Corp acquired a new position in Antero Midstream Partners during the second quarter valued at approximately $245,000. Royal Bank of Canada lifted its position in Antero Midstream Partners by 46.4% during the second quarter. Royal Bank of Canada now owns 8,536 shares of the pipeline company’s stock valued at $283,000 after buying an additional 2,706 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Antero Midstream Partners by 8.3% during the second quarter. The Manufacturers Life Insurance Company now owns 5,347 shares of the pipeline company’s stock valued at $177,000 after buying an additional 410 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in Antero Midstream Partners by 11.7% during the third quarter. First Trust Advisors LP now owns 61,718 shares of the pipeline company’s stock valued at $1,946,000 after buying an additional 6,445 shares in the last quarter. 49.58% of the stock is currently owned by hedge funds and other institutional investors.
Antero Midstream Partners (NYSE:AM) opened at $27.52 on Tuesday. The firm has a market cap of $5,052.84, a P/E ratio of 19.17 and a beta of 1.84. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.99 and a current ratio of 0.99. Antero Midstream Partners has a 12-month low of $25.71 and a 12-month high of $35.55.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Thursday, February 1st were given a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a yield of 5.31%. This is a boost from Antero Midstream Partners’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Wednesday, January 31st. Antero Midstream Partners’s payout ratio is 113.18%.
A number of research firms recently issued reports on AM. Stifel Nicolaus restated a “buy” rating and issued a $37.00 target price on shares of Antero Midstream Partners in a report on Wednesday, January 17th. Zacks Investment Research downgraded shares of Antero Midstream Partners from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Credit Suisse Group began coverage on shares of Antero Midstream Partners in a report on Friday, January 5th. They issued an “outperform” rating and a $35.00 target price for the company. Finally, Seaport Global Securities set a $37.00 target price on shares of Antero Midstream Partners and gave the company a “buy” rating in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the stock. Antero Midstream Partners has an average rating of “Buy” and a consensus price target of $38.91.
Antero Midstream Partners Company Profile
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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