Zacks Investment Research upgraded shares of Antero Midstream Partners LP (NYSE:AM) from a sell rating to a hold rating in a research report report published on Wednesday.

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 issued reports on the stock. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Antero Midstream Partners in a report on Monday, May 29th. They issued a buy rating and a $45.00 price target for the company. BidaskClub raised shares of Antero Midstream Partners from a sell rating to a hold rating in a report on Wednesday, June 28th. Citigroup Inc. reaffirmed a buy rating and issued a $41.00 price target on shares of Antero Midstream Partners in a report on Wednesday, May 31st. Barclays PLC reaffirmed an overweight rating and issued a $40.00 price target on shares of Antero Midstream Partners in a report on Tuesday, May 30th. Finally, Morgan Stanley reaffirmed an overweight rating and issued a $40.00 price target on shares of Antero Midstream Partners in a report on Tuesday, May 30th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Antero Midstream Partners presently has a consensus rating of Buy and an average target price of $39.00.

Shares of Antero Midstream Partners (NYSE:AM) opened at 34.10 on Wednesday. Antero Midstream Partners has a 52-week low of $24.61 and a 52-week high of $35.74. The firm has a 50-day moving average of $32.84 and a 200-day moving average of $33.74. The company has a market cap of $6.34 billion, a P/E ratio of 25.11 and a beta of 1.96.

Antero Midstream Partners (NYSE:AM) last posted its quarterly earnings results on Monday, May 8th. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.35. The business had revenue of $174.77 million during the quarter, compared to analysts’ expectations of $184.45 million. Antero Midstream Partners had a net margin of 38.95% and a return on equity of 19.78%. Equities research analysts forecast that Antero Midstream Partners will post $1.60 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 16th. Stockholders of record on Thursday, August 3rd will be paid a $0.32 dividend. The ex-dividend date is Tuesday, August 1st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.75%. This is a positive change from Antero Midstream Partners’s previous quarterly dividend of $0.30. Antero Midstream Partners’s dividend payout ratio is presently 88.24%.

Several hedge funds have recently added to or reduced their stakes in the company. Creative Planning raised its stake in Antero Midstream Partners by 5.7% in the first quarter. Creative Planning now owns 10,145 shares of the pipeline company’s stock worth $336,000 after buying an additional 551 shares during the last quarter. Country Club Trust Company n.a. raised its stake in Antero Midstream Partners by 1.0% in the first quarter. Country Club Trust Company n.a. now owns 11,590 shares of the pipeline company’s stock worth $385,000 after buying an additional 116 shares during the last quarter. Spirit of America Management Corp NY raised its stake in Antero Midstream Partners by 9.5% in the first quarter. Spirit of America Management Corp NY now owns 730,034 shares of the pipeline company’s stock worth $24,208,000 after buying an additional 63,510 shares during the last quarter. Duff & Phelps Investment Management Co. raised its stake in Antero Midstream Partners by 18.6% in the first quarter. Duff & Phelps Investment Management Co. now owns 667,300 shares of the pipeline company’s stock worth $22,128,000 after buying an additional 104,600 shares during the last quarter. Finally, Bollard Group LLC raised its stake in Antero Midstream Partners by 0.8% in the first quarter. Bollard Group LLC now owns 9,689 shares of the pipeline company’s stock worth $321,000 after buying an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 46.91% 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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Analyst Recommendations for Antero Midstream Partners (NYSE:AM)

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