Antero Midstream GP (AMGP) Raised to “Buy” at Citigroup

Antero Midstream GP (NYSE:AMGP) was upgraded by analysts at Citigroup from a “neutral” rating to a “buy” rating in a report issued on Wednesday.

Other equities research analysts also recently issued reports about the company. Seaport Global Securities started coverage on Antero Midstream GP in a research report on Tuesday, October 10th. They issued a “buy” rating and a $26.00 price target on the stock. Robert W. Baird reaffirmed a “buy” rating and issued a $28.00 price target on shares of Antero Midstream GP in a research report on Friday, November 3rd. Stifel Nicolaus raised Antero Midstream GP from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Monday, August 14th. They noted that the move was a valuation call. Zacks Investment Research raised Antero Midstream GP from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, Scotiabank reissued a “hold” rating and set a $24.00 target price on shares of Antero Midstream GP in a research report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Antero Midstream GP currently has a consensus rating of “Buy” and an average target price of $26.25.

Shares of Antero Midstream GP (NYSE AMGP) opened at $17.88 on Wednesday. Antero Midstream GP has a 1 year low of $16.62 and a 1 year high of $22.87.

Antero Midstream GP (NYSE:AMGP) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.04). The business had revenue of $19.07 million during 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%. analysts expect that Antero Midstream GP will post 0.18 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. bought a new position in Antero Midstream GP during the second quarter worth about $462,000. Artisan Partners Limited Partnership bought a new position in Antero Midstream GP during the second quarter worth about $12,415,000. New York State Common Retirement Fund bought a new position in Antero Midstream GP during the second quarter worth about $2,354,000. Wells Fargo & Company MN bought a new position in Antero Midstream GP during the second quarter worth about $255,000. Finally, Balyasny Asset Management LLC bought a new position in shares of Antero Midstream GP in the second quarter valued at approximately $3,310,000. Hedge funds and other institutional investors own 64.73% of the company’s stock.

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Antero Midstream GP Company Profile

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)

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