BidaskClub upgraded shares of Antero Midstream Partners LP (NYSE:AM) from a sell rating to a hold rating in a research report released on Wednesday, June 28th.
Several other analysts also recently commented on AM. Scotiabank set a $39.00 price objective on Antero Midstream Partners and gave the stock a buy rating in a research note on Monday, March 20th. TheStreet raised Antero Midstream Partners from a c+ rating to a b- rating in a research note on Thursday, March 9th. Mitsubishi UFJ Financial Group initiated coverage on Antero Midstream Partners in a research note on Monday, May 29th. They issued a buy rating and a $30.00 price objective for the company. Capital One Financial Corporation initiated coverage on Antero Midstream Partners in a research note on Thursday, March 30th. They issued an overweight rating for the company. Finally, Credit Suisse Group initiated coverage on Antero Midstream Partners in a research note on Tuesday, May 30th. They issued an outperform rating and a $44.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of Buy and a consensus target price of $39.00.
Antero Midstream Partners (AM) traded down 0.61% on Wednesday, hitting $34.10. The company had a trading volume of 237,393 shares. The company has a market capitalization of $6.34 billion, a P/E ratio of 25.11 and a beta of 1.96. The stock’s 50-day moving average price is $32.84 and its 200 day moving average price is $33.74. Antero Midstream Partners has a one year low of $24.61 and a one year high of $35.74.
Antero Midstream Partners (NYSE:AM) last posted its quarterly earnings results on Monday, May 8th. The pipeline company reported $0.35 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.35. Antero Midstream Partners had a return on equity of 19.78% and a net margin of 38.95%. The business had revenue of $174.77 million for the quarter, compared to the consensus estimate of $184.45 million. On average, analysts expect that Antero Midstream Partners will post $1.60 EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 16th. Shareholders of record on Thursday, August 3rd will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 3.75%. This is a positive change from Antero Midstream Partners’s previous quarterly dividend of $0.30. The ex-dividend date is Tuesday, August 1st. Antero Midstream Partners’s dividend payout ratio is 88.24%.
A number of institutional investors have recently made changes to their positions in AM. BB&T Securities LLC purchased a new position in shares of Antero Midstream Partners during the first quarter valued at $1,111,000. Bank of America Corp DE raised its position in shares of Antero Midstream Partners by 39.6% in the first quarter. Bank of America Corp DE now owns 563,577 shares of the pipeline company’s stock valued at $18,689,000 after buying an additional 159,856 shares during the period. Bank of Montreal Can raised its position in shares of Antero Midstream Partners by 98.7% in the second quarter. Bank of Montreal Can now owns 1,111,946 shares of the pipeline company’s stock valued at $36,894,000 after buying an additional 552,241 shares during the period. Homrich & Berg purchased a new position in shares of Antero Midstream Partners during the first quarter valued at $249,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Antero Midstream Partners during the first quarter valued at $3,702,000. 46.91% of the stock is owned by institutional investors and hedge funds.
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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