Antero Midstream Partners (AM) Research Coverage Started at Credit Suisse Group

Investment analysts at Credit Suisse Group assumed coverage on shares of Antero Midstream Partners (NYSE:AM) in a research report issued on Friday, Marketbeat reports. The firm set an “outperform” rating and a $35.00 price target on the pipeline company’s stock. Credit Suisse Group’s price target suggests a potential upside of 14.08% from the company’s previous close.

AM has been the subject of a number of other research reports. Robert W. Baird set a $42.00 target price on Antero Midstream Partners and gave the company a “buy” rating in a research note on Sunday, September 10th. Zacks Investment Research cut Antero Midstream Partners from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 3rd. TheStreet upgraded Antero Midstream Partners from a “c” rating to a “b” rating in a research note on Monday, November 6th. Mitsubishi UFJ Financial Group restated an “overweight” rating on shares of Antero Midstream Partners in a research note on Friday, November 3rd. Finally, Seaport Global Securities started coverage on Antero Midstream Partners in a research note on Tuesday, October 10th. They issued a “buy” rating and a $44.00 target price for the company. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $38.50.

Shares of Antero Midstream Partners (NYSE:AM) traded up $0.43 during mid-day trading on Friday, hitting $30.68. The stock had a trading volume of 433,052 shares, compared to its average volume of 472,850. The company has a market cap of $5,720.00, a price-to-earnings ratio of 21.45, a P/E/G ratio of 0.84 and a beta of 1.79. Antero Midstream Partners has a 12-month low of $25.71 and a 12-month high of $35.74. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.70.

A number of large investors have recently made changes to their positions in the business. Keybank National Association OH raised its stake in Antero Midstream Partners by 4.8% during the second quarter. Keybank National Association OH now owns 7,790 shares of the pipeline company’s stock valued at $258,000 after buying an additional 360 shares during the last quarter. Williams Jones & Associates LLC raised its stake in Antero Midstream Partners by 1.6% during the second quarter. Williams Jones & Associates LLC now owns 24,600 shares of the pipeline company’s stock valued at $816,000 after buying an additional 385 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake 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 during the last quarter. Scotia Capital Inc. raised its stake in Antero Midstream Partners by 4.1% during the second quarter. Scotia Capital Inc. now owns 14,496 shares of the pipeline company’s stock valued at $481,000 after buying an additional 574 shares during the last quarter. Finally, Rafferty Asset Management LLC raised its stake in Antero Midstream Partners by 9.9% during the second quarter. Rafferty Asset Management LLC now owns 8,119 shares of the pipeline company’s stock valued at $269,000 after buying an additional 731 shares during the last quarter. Institutional investors and hedge funds own 49.36% of the company’s stock.

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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.