Antero Midstream Partners LP (NYSE:AM) Research Coverage Started at Guggenheim

Guggenheim started coverage on shares of Antero Midstream Partners LP (NYSE:AM) in a research note published on Thursday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $37.00 target price on the pipeline company’s stock.

Several other equities analysts have also issued reports on AM. Zacks Investment Research lowered Antero Midstream Partners from a hold rating to a sell rating in a research report on Tuesday, July 11th. BidaskClub raised Antero Midstream Partners from a sell rating to a hold rating in a research 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 research 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 research 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 research report on Tuesday, May 30th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $39.00.

Antero Midstream Partners (AM) opened at 34.26 on Thursday. The firm’s 50-day moving average is $32.82 and its 200 day moving average is $33.66. The firm has a market cap of $6.37 billion, a P/E ratio of 25.23 and a beta of 1.96. Antero Midstream Partners has a 12-month low of $24.61 and a 12-month high of $35.74.

Antero Midstream Partners (NYSE:AM) last announced its quarterly earnings data on Monday, May 8th. The pipeline company reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. The business had revenue of $174.77 million during the quarter, compared to analyst estimates of $184.45 million. Antero Midstream Partners had a return on equity of 19.78% and a net margin of 38.95%. Equities 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. Investors of record on Thursday, August 3rd will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.74%. This is an increase 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 (DPR) is presently 88.24%.

A number of large investors have recently added to or reduced their stakes in AM. Kayne Anderson Capital Advisors LP increased its stake in Antero Midstream Partners by 30.7% in the first quarter. Kayne Anderson Capital Advisors LP now owns 2,969,700 shares of the pipeline company’s stock valued at $98,460,000 after buying an additional 697,000 shares during the last quarter. OppenheimerFunds Inc. increased its stake in Antero Midstream Partners by 50.3% in the first quarter. OppenheimerFunds Inc. now owns 1,921,960 shares of the pipeline company’s stock valued at $63,732,000 after buying an additional 643,340 shares during the last quarter. Bank of Montreal Can increased its stake in 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 last quarter. Atlantic Trust Group LLC increased its stake in Antero Midstream Partners by 33.9% in the first quarter. Atlantic Trust Group LLC now owns 1,581,678 shares of the pipeline company’s stock valued at $52,448,000 after buying an additional 400,139 shares during the last quarter. Finally, Global X Management Co. LLC increased its stake in Antero Midstream Partners by 2,478.0% in the first quarter. Global X Management Co. LLC now owns 369,123 shares of the pipeline company’s stock valued at $12,240,000 after buying an additional 354,805 shares during the last quarter. Institutional investors own 46.89% 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.