Antero Midstream GP (AMGP) Upgraded to Buy by Citigroup

Citigroup upgraded shares of Antero Midstream GP (NYSE:AMGP) from a neutral rating to a buy rating in a report published on Wednesday. They currently have $21.00 price target on the stock.

A number of other analysts also recently weighed in on AMGP. Stifel Nicolaus upgraded shares of Antero Midstream GP from a hold rating to a buy rating and set a $23.00 target price on the stock in a report on Monday, August 14th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Antero Midstream GP from a sell rating to a hold rating in a report on Tuesday, August 22nd. Morgan Stanley restated an overweight rating on shares of Antero Midstream GP in a report on Tuesday, September 5th. Goldman Sachs Group downgraded shares of Antero Midstream GP from a buy rating to a neutral rating and cut their price target for the company from $29.00 to $23.00 in a report on Friday, September 8th. Finally, Scotiabank reiterated a hold rating and set a $24.00 price target on shares of Antero Midstream GP in a report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $26.06.

Shares of Antero Midstream GP (NYSE:AMGP) traded up $0.05 during midday trading on Wednesday, reaching $17.93. 334,500 shares of the company’s stock were exchanged, compared to its average volume of 446,041. Antero Midstream GP has a one year low of $16.62 and a one year high of $22.87.

Antero Midstream GP (NYSE:AMGP) last posted its earnings results on Wednesday, November 1st. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04). Antero Midstream GP had a return on equity of 17.95% and a net margin of 4.41%. The business had revenue of $19.07 million during the quarter, compared to the consensus estimate of $19.44 million. equities research analysts predict that Antero Midstream GP will post 0.18 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 23rd. Investors of record on Wednesday, November 1st were issued a dividend of $0.059 per share. This represents a $0.24 annualized dividend and a yield of 1.32%. This is an increase from Antero Midstream GP’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, October 31st.

A number of institutional investors have recently added to or reduced their stakes in AMGP. Russell Investments Group Ltd. purchased a new stake in Antero Midstream GP in the 2nd quarter valued at about $3,535,000. State of New Jersey Common Pension Fund D purchased a new stake in Antero Midstream GP in the 2nd quarter valued at about $1,649,000. Sei Investments Co. purchased a new stake in Antero Midstream GP in the 2nd quarter valued at about $1,658,000. Duff & Phelps Investment Management Co. purchased a new stake in Antero Midstream GP in the 2nd quarter valued at about $8,039,000. Finally, Botty Investors LLC purchased a new stake in Antero Midstream GP in the 2nd quarter valued at about $101,000. 64.73% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This report was published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this report on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The original version of this report can be read at https://www.chaffeybreeze.com/2017/12/07/antero-midstream-gp-amgp-upgraded-to-buy-by-citigroup.html.

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.

Analyst Recommendations for Antero Midstream GP (NYSE:AMGP)

Receive News & Ratings for Antero Midstream GP LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Antero Midstream GP LP and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply