Antero Midstream Partners (NYSE:AM) had its target price cut by Barclays from $37.00 to $36.00 in a report issued on Tuesday morning. They currently have an overweight rating on the pipeline company’s stock.
AM has been the topic of a number of other reports. Guggenheim set a $34.00 target price on Antero Midstream Partners and gave the stock a buy rating in a research report on Monday. Robert W. Baird set a $49.00 target price on Antero Midstream Partners and gave the stock a buy rating in a research report on Monday, April 9th. Seaport Global Securities lowered Antero Midstream Partners from a buy rating to a neutral rating and lowered their target price for the stock from $37.00 to $25.00 in a research report on Monday, April 9th. Citigroup lowered their target price on Antero Midstream Partners from $36.00 to $33.00 and set a buy rating on the stock in a research report on Wednesday, March 28th. Finally, JPMorgan Chase reaffirmed an overweight rating and set a $23.00 target price (down from $25.00) on shares of Antero Midstream Partners in a research report on Wednesday, March 14th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $35.92.
Shares of AM opened at $26.92 on Tuesday. Antero Midstream Partners has a 52-week low of $24.20 and a 52-week high of $35.55. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $4,688.32, a price-to-earnings ratio of 19.23 and a beta of 1.79.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AM. Northern Trust Corp purchased a new stake in Antero Midstream Partners in the 2nd quarter valued at $245,000. The Manufacturers Life Insurance Company grew its stake in Antero Midstream Partners by 8.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,347 shares of the pipeline company’s stock valued at $177,000 after purchasing an additional 410 shares during the period. Russell Investments Group Ltd. grew its stake in Antero Midstream Partners by 95.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 22,700 shares of the pipeline company’s stock valued at $716,000 after purchasing an additional 11,088 shares during the period. Stifel Financial Corp grew its stake in Antero Midstream Partners by 44.5% in the 3rd quarter. Stifel Financial Corp now owns 30,693 shares of the pipeline company’s stock valued at $967,000 after purchasing an additional 9,454 shares during the period. Finally, Allianz Asset Management GmbH grew its stake in Antero Midstream Partners by 15.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 36,420 shares of the pipeline company’s stock valued at $1,148,000 after purchasing an additional 4,892 shares during the period. 49.53% of the stock is owned by institutional investors and hedge funds.
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About Antero Midstream Partners
Antero Midstream Partners LP owns, operates, and develops midstream energy assets. The company operates in two segments, Gathering and Processing, and Water Handling and Treatment. Its assets include 8-, 12-, 16-, 20-, 24-, and 30-inch high and low pressure gathering pipelines, compressor stations, and processing and fractionation plants that collect and process natural gas, natural gas liquids, and crude oil from wells in the Marcellus Shale in West Virginia and the Utica Shale in Ohio; and water handling and treatment assets, which comprise two independent fresh water delivery systems that deliver fresh water from the Ohio River and several regional waterways, as well as wastewater handling services for well completion operations.
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