Antero Midstream Partners LP (NYSE:AM) Downgraded to “Sell” at BidaskClub

Antero Midstream Partners LP (NYSE:AM) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Friday.

A number of other research firms have also recently weighed in on AM. Zacks Investment Research cut shares of Antero Midstream Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Scotiabank set a $44.00 price target on shares of Antero Midstream Partners and gave the stock a “buy” rating in a research note on Monday, May 22nd. Guggenheim assumed coverage on shares of Antero Midstream Partners in a research note on Thursday, July 20th. They set a “buy” rating and a $37.00 price target on the stock. Citigroup Inc. reaffirmed a “buy” rating and set a $41.00 price target on shares of Antero Midstream Partners in a research note on Wednesday, May 31st. Finally, Mitsubishi UFJ Financial Group assumed coverage on shares of Antero Midstream Partners in a research note on Monday, May 29th. They set a “buy” rating and a $30.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the company. Antero Midstream Partners presently has an average rating of “Buy” and an average target price of $39.00.

Antero Midstream Partners (NYSE AM) traded down 0.34% during trading on Friday, reaching $32.17. 178,109 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $33.28 and its 200-day moving average price is $33.77. The stock has a market cap of $6.00 billion, a P/E ratio of 21.85 and a beta of 1.96. Antero Midstream Partners has a one year low of $24.61 and a one year 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 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. The company had revenue of $174.77 million for the quarter, compared to analysts’ expectations of $184.45 million. Antero Midstream Partners had a net margin of 41.15% and a return on equity of 21.03%. On average, equities analysts anticipate that Antero Midstream Partners will post $1.63 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Kayne Anderson Capital Advisors LP raised its position in shares of 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. raised its position in shares of 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 raised its position in shares of 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. Eagle Global Advisors LLC raised its position in shares of Antero Midstream Partners by 125.0% in the second quarter. Eagle Global Advisors LLC now owns 721,188 shares of the pipeline company’s stock valued at $23,929,000 after buying an additional 400,688 shares during the last quarter. Finally, Atlantic Trust Group LLC raised its position in shares of 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. Institutional investors and hedge funds own 46.99% 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.

Analyst Recommendations for Antero Midstream Partners (NYSE:AM)

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