Robert W. Baird Analysts Give Antero Midstream GP (AMGP) a $36.00 Price Target
Other equities analysts also recently issued reports about the company. Zacks Investment Research upgraded Antero Midstream GP from a sell rating to a hold rating in a research report on Monday. Citigroup upgraded Antero Midstream GP from a neutral rating to a buy rating and set a $21.00 target price on the stock in a research report on Wednesday, December 6th. Morgan Stanley reiterated an overweight rating on shares of Antero Midstream GP in a research report on Friday, November 17th. Wells Fargo & Co upgraded Antero Midstream GP from a market perform rating to an outperform rating in a research report on Monday, November 6th. Finally, Seaport Global Securities began coverage on Antero Midstream GP in a research report on Tuesday, October 10th. They set a buy rating and a $26.00 target price on the stock. Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $26.56.
Shares of Antero Midstream GP (NYSE:AMGP) opened at $18.94 on Monday. Antero Midstream GP has a 52 week low of $16.62 and a 52 week high of $22.87.
Antero Midstream GP (NYSE:AMGP) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04). The company had revenue of $19.07 million for the quarter, compared to analyst estimates of $19.44 million. Antero Midstream GP had a net margin of 4.41% and a return on equity of 17.95%. equities research analysts forecast that Antero Midstream GP will post 0.18 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in AMGP. Catalyst Capital Advisors LLC raised its holdings in shares of Antero Midstream GP by 1,854.5% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 8,600 shares of the company’s stock worth $176,000 after purchasing an additional 8,160 shares during the period. BNP Paribas Arbitrage SA acquired a new stake in shares of Antero Midstream GP in the third quarter valued at about $220,000. Wells Fargo & Company MN acquired a new stake in shares of Antero Midstream GP in the second quarter valued at about $255,000. CNH Partners LLC acquired a new stake in shares of Antero Midstream GP in the second quarter valued at about $319,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Antero Midstream GP in the second quarter valued at about $462,000. Institutional investors own 64.73% of the company’s stock.
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About Antero Midstream GP
Antero Midstream GP LP, formerly Antero Resources Midstream Management LLC, owns, operates and develops midstream energy infrastructure. The Company’s segments include gathering and processing and water handling and treatment. The gathering and processing segment consist of long-term, fee-based activities including low-pressure gathering, compression, high-pressure gathering, processing, fractionation, and condensate gathering.
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