Shares of Antero Midstream GP LP (NYSE:AMGP) have earned an average recommendation of “Hold” from the eleven brokerages that are currently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $21.78.
A number of analysts have recently weighed in on the company. Credit Suisse Group assumed coverage on Antero Midstream GP in a research report on Thursday, October 11th. They set a “neutral” rating and a $20.00 price target on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $19.00 price target on shares of Antero Midstream GP in a research report on Tuesday, September 18th. ValuEngine upgraded Antero Midstream GP from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd. Barclays dropped their price target on Antero Midstream GP from $23.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Friday, October 12th. Finally, Zacks Investment Research cut Antero Midstream GP from a “buy” rating to a “hold” rating in a research report on Wednesday, November 14th.
A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Antero Midstream GP by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 254,675 shares of the company’s stock worth $4,309,000 after buying an additional 3,665 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Antero Midstream GP by 11.9% in the 3rd quarter. Wells Fargo & Company MN now owns 40,778 shares of the company’s stock worth $690,000 after buying an additional 4,339 shares in the last quarter. Franklin Square Holdings L.P. grew its holdings in Antero Midstream GP by 20.0% in the 2nd quarter. Franklin Square Holdings L.P. now owns 39,650 shares of the company’s stock worth $748,000 after buying an additional 6,600 shares in the last quarter. BlueMountain Capital Management LLC bought a new position in Antero Midstream GP in the 3rd quarter worth approximately $125,000. Finally, Artisan Partners Limited Partnership grew its holdings in Antero Midstream GP by 0.7% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,126,433 shares of the company’s stock worth $21,245,000 after buying an additional 7,427 shares in the last quarter. 48.51% of the stock is owned by institutional investors and hedge funds.
Antero Midstream GP (NYSE:AMGP) last announced its quarterly earnings data on Wednesday, October 31st. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.04). The firm had revenue of $37.82 million for the quarter, compared to analyst estimates of $37.72 million. Antero Midstream GP had a net margin of 40.12% and a return on equity of 231.93%. The company’s quarterly revenue was up 98.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.02 EPS. As a group, research analysts anticipate that Antero Midstream GP will post 0.5 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Investors of record on Friday, November 2nd were issued a $0.144 dividend. This represents a $0.58 dividend on an annualized basis and a yield of 3.98%. This is a positive change from Antero Midstream GP’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Thursday, November 1st. Antero Midstream GP’s dividend payout ratio is 1,933.33%.
Antero Midstream GP Company Profile
Antero Midstream GP LP owns, operates, and develops midstream energy assets in the Marcellus and Utica Shales in West Virginia and Ohio. Its assets consist of gathering pipelines, compressor stations, interests in processing and fractionation plants, and water handling and treatment assets, which provide midstream services to Antero Resources Corporation under long term fixed fee contracts.
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