Zacks Investment Research lowered shares of Antero Midstream Partners (NYSE:AM) from a hold rating to a sell rating in a report released on Tuesday morning.

According to Zacks, “Antero Midstream Partners LP is formed to own, operate and develop midstream energy properties. The Company’s assets consist of gathering pipelines, compressor stations and fresh water distribution systems. Its Gathering and Compression segment collects and transports natural gas through a network of gathering pipelines and compressor stations. The Fresh Water Distribution segment sources and delivers fresh water for the well completion operations through two independent fresh water distribution systems. Its projects are located in the southwestern core of the Marcellus Shale in northwest West Virginia and the Utica Shale in southern Ohio. Antero Midstream Partners LP is based in Denver, Colorado. “

A number of other research analysts have also recently weighed in on the company. Seaport Global Securities started coverage on Antero Midstream Partners in a report on Tuesday, October 10th. They issued a buy rating and a $44.00 target price on the stock. Scotiabank set a $44.00 target price on Antero Midstream Partners and gave the company a buy rating in a report on Saturday, October 21st. TheStreet upgraded Antero Midstream Partners from a c rating to a b rating in a report on Monday, November 6th. Mitsubishi UFJ Financial Group reiterated an overweight rating on shares of Antero Midstream Partners in a report on Friday, November 3rd. Finally, Credit Suisse Group started coverage on Antero Midstream Partners in a report on Friday, January 5th. They issued an outperform rating and a $35.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company. Antero Midstream Partners has a consensus rating of Buy and an average target price of $38.27.

Shares of Antero Midstream Partners (NYSE AM) traded up $0.30 during trading hours on Tuesday, hitting $31.75. The stock had a trading volume of 438,289 shares, compared to its average volume of 652,053. The stock has a market capitalization of $5,930.00, a P/E ratio of 22.20, a P/E/G ratio of 0.88 and a beta of 1.79. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.00 and a current ratio of 1.00. Antero Midstream Partners has a twelve month low of $25.71 and a twelve month high of $35.74.

Several institutional investors and hedge funds have recently modified their holdings of AM. Harvest Fund Advisors LLC lifted its stake in shares of Antero Midstream Partners by 45.7% during the third quarter. Harvest Fund Advisors LLC now owns 6,129,948 shares of the pipeline company’s stock worth $193,277,000 after purchasing an additional 1,922,682 shares in the last quarter. Tortoise Capital Advisors L.L.C. lifted its stake in shares of Antero Midstream Partners by 16.4% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 10,347,615 shares of the pipeline company’s stock worth $326,260,000 after purchasing an additional 1,457,105 shares in the last quarter. ING Groep NV acquired a new position in shares of Antero Midstream Partners during the third quarter worth about $26,294,000. Alps Advisors Inc. lifted its stake in shares of Antero Midstream Partners by 12.2% during the third quarter. Alps Advisors Inc. now owns 6,318,188 shares of the pipeline company’s stock worth $199,212,000 after purchasing an additional 686,899 shares in the last quarter. Finally, Chickasaw Capital Management LLC lifted its stake in shares of Antero Midstream Partners by 6.5% during the fourth quarter. Chickasaw Capital Management LLC now owns 4,696,102 shares of the pipeline company’s stock worth $136,375,000 after purchasing an additional 285,075 shares in the last quarter. Institutional investors 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.

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Analyst Recommendations for Antero Midstream Partners (NYSE:AM)

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