Wall Street brokerages expect that Antero Midstream GP LP (NYSE:AMGP) will post sales of $37.45 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Antero Midstream GP’s earnings, with the highest sales estimate coming in at $37.85 million and the lowest estimate coming in at $36.70 million. Antero Midstream GP posted sales of $19.07 million during the same quarter last year, which would suggest a positive year over year growth rate of 96.4%. The business is scheduled to report its next quarterly earnings results on Wednesday, November 7th.

According to Zacks, analysts expect that Antero Midstream GP will report full year sales of $140.45 million for the current year, with estimates ranging from $136.49 million to $142.84 million. For the next financial year, analysts expect that the business will report sales of $230.39 million per share, with estimates ranging from $222.93 million to $235.70 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Antero Midstream GP.

Antero Midstream GP (NYSE:AMGP) last released its earnings results on Wednesday, August 1st. The company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.06). Antero Midstream GP had a return on equity of 199.85% and a net margin of 32.91%. The business had revenue of $33.14 million for the quarter, compared to analysts’ expectations of $33.39 million. During the same period in the previous year, the company earned ($0.01) EPS. Antero Midstream GP’s quarterly revenue was up 116.2% compared to the same quarter last year.

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Co dropped their target price on shares of Antero Midstream GP from $24.00 to $23.00 and set an “outperform” rating for the company in a report on Thursday, August 9th. ValuEngine raised shares of Antero Midstream GP from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Stifel Nicolaus raised shares of Antero Midstream GP to a “buy” rating and set a $35.00 price target on the stock in a research report on Monday, August 27th. Finally, Zacks Investment Research raised shares of Antero Midstream GP from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. Antero Midstream GP presently has a consensus rating of “Hold” and an average target price of $22.00.

In other Antero Midstream GP news, insider K. Phil Yoo sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $16.76, for a total value of $83,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Kevin J. Kilstrom sold 50,000 shares of the company’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $18.81, for a total transaction of $940,500.00. The disclosure for this sale can be found here.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Quantbot Technologies LP lifted its position in Antero Midstream GP by 73.0% in the first quarter. Quantbot Technologies LP now owns 7,460 shares of the company’s stock valued at $119,000 after buying an additional 3,148 shares during the last quarter. Teacher Retirement System of Texas lifted its position in Antero Midstream GP by 29.7% in the first quarter. Teacher Retirement System of Texas now owns 16,596 shares of the company’s stock valued at $265,000 after buying an additional 3,804 shares during the last quarter. Guggenheim Capital LLC lifted its position in Antero Midstream GP by 8.8% in the first quarter. Guggenheim Capital LLC now owns 72,902 shares of the company’s stock valued at $1,166,000 after buying an additional 5,888 shares during the last quarter. Franklin Square Holdings L.P. lifted its position in Antero Midstream GP by 20.0% in the second quarter. Franklin Square Holdings L.P. now owns 39,650 shares of the company’s stock valued at $748,000 after buying an additional 6,600 shares during the last quarter. Finally, Artisan Partners Limited Partnership lifted its position in Antero Midstream GP by 0.7% in the second quarter. Artisan Partners Limited Partnership now owns 1,126,433 shares of the company’s stock valued at $21,245,000 after buying an additional 7,427 shares during the last quarter. 76.71% of the stock is currently owned by institutional investors.

Shares of Antero Midstream GP stock traded up $0.23 during trading hours on Thursday, reaching $17.35. 1,176,853 shares of the company’s stock were exchanged, compared to its average volume of 623,654. Antero Midstream GP has a 1 year low of $14.85 and a 1 year high of $22.39. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 578.33 and a beta of 1.68.

Antero Midstream GP Company Profile

Antero Midstream GP LP owns, operates, and develops midstream energy assets in the Marcellus and Utica Shales in West Virginia and Ohio. Its assets consist of gathering pipelines, compressor stations, interests in processing and fractionation plants, and water handling and treatment assets, which provide midstream services to Antero Resources Corporation under long term fixed fee contracts.

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