Antero Midstream Partners LP (AM) Given $40.27 Consensus Target Price by Brokerages
Shares of Antero Midstream Partners LP (NYSE:AM) have earned an average broker rating score of 1.04 (Strong Buy) from the thirteen analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy recommendation and twelve have given a strong buy recommendation to the company.
Analysts have set a 12-month consensus price target of $40.27 for the company and are expecting that the company will post $0.41 earnings per share for the current quarter, according to Zacks. Zacks has also given Antero Midstream Partners an industry rank of 172 out of 265 based on the ratings given to related companies.
Several research firms have recently commented on AM. Zacks Investment Research upgraded shares of Antero Midstream Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, July 26th. Scotiabank set a $44.00 price target on shares of Antero Midstream Partners and gave the stock a “buy” rating in a research report on Saturday, July 22nd. Guggenheim began coverage on shares of Antero Midstream Partners in a research report on Thursday, July 20th. They set a “buy” rating and a $37.00 price target for the company. ValuEngine upgraded shares of Antero Midstream Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Antero Midstream Partners in a research report on Tuesday, September 5th.
Antero Midstream Partners (NYSE AM) traded down C$0.12 during trading on Monday, hitting C$27.40. 193,400 shares of the stock traded hands, compared to its average volume of 443,092. The company has a market capitalization of $5,113.61, a price-to-earnings ratio of 19.03, a P/E/G ratio of 0.91 and a beta of 1.86. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.70. Antero Midstream Partners has a fifty-two week low of C$27.18 and a fifty-two week high of C$35.74.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 23rd. Investors of record on Wednesday, November 1st will be given a $0.059 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.86%. Antero Midstream Partners’s dividend payout ratio is presently 94.44%.
In other news, major shareholder Resources Corp Antero sold 10,000,000 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of C$31.11, for a total transaction of C$311,100,000.00. Following the completion of the transaction, the insider now owns 98,870,335 shares in the company, valued at approximately C$3,075,856,121.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 7.91% of the company’s stock.
Several large investors have recently bought and sold shares of the company. BB&T Securities LLC boosted its position in shares of Antero Midstream Partners by 11.8% during the 3rd quarter. BB&T Securities LLC now owns 45,219 shares of the company’s stock valued at $1,425,000 after purchasing an additional 4,765 shares in the last quarter. Cadence Capital Management LLC bought a new position in shares of Antero Midstream Partners during the 3rd quarter valued at about $4,864,000. HITE Hedge Asset Management LLC bought a new position in shares of Antero Midstream Partners during the 3rd quarter valued at about $1,536,000. Citadel Advisors LLC bought a new position in shares of Antero Midstream Partners during the 3rd quarter valued at about $798,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Antero Midstream Partners by 15.3% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,842,084 shares of the company’s stock valued at $58,081,000 after purchasing an additional 243,883 shares in the last quarter. Institutional investors own 43.69% of the company’s stock.
About Antero Midstream Partners
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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