Antero Midstream Partners (AM) Sets New 52-Week High and Low at $24.32

Antero Midstream Partners LP (NYSE:AM) reached a new 52-week high and low during trading on Friday . The company traded as low as $24.32 and last traded at $24.71, with a volume of 394376 shares trading hands. The stock had previously closed at $25.41.

A number of equities research analysts have recently commented on AM shares. Citigroup reduced their price objective on shares of Antero Midstream Partners from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday, March 28th. Seaport Global Securities set a $37.00 price objective on shares of Antero Midstream Partners and gave the company a “buy” rating in a research note on Thursday, February 15th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $37.00 price objective on shares of Antero Midstream Partners in a research note on Wednesday, January 17th. Zacks Investment Research raised shares of Antero Midstream Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Finally, Credit Suisse Group started coverage on shares of Antero Midstream Partners in a research note on Friday, January 5th. They issued an “outperform” rating and a $35.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $36.92.

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The company has a market capitalization of $4,692.06, a PE ratio of 17.52 and a beta of 1.79. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79.

Antero Midstream Partners (NYSE:AM) last issued its earnings results on Tuesday, February 13th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.34. The business had revenue of $210.33 million for the quarter, compared to analyst estimates of $203.43 million. Antero Midstream Partners had a net margin of 32.74% and a return on equity of 18.34%. equities analysts anticipate that Antero Midstream Partners LP will post 1.72 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the business. BB&T Securities LLC lifted its stake in shares of Antero Midstream Partners by 9.9% in the fourth quarter. BB&T Securities LLC now owns 49,686 shares of the pipeline company’s stock valued at $1,442,000 after buying an additional 4,467 shares in the last quarter. Westwood Holdings Group Inc. lifted its stake in shares of Antero Midstream Partners by 24.9% in the fourth quarter. Westwood Holdings Group Inc. now owns 346,420 shares of the pipeline company’s stock valued at $10,060,000 after buying an additional 69,160 shares in the last quarter. Cypress Wealth Advisors LLC bought a new position in shares of Antero Midstream Partners in the fourth quarter valued at $1,289,000. Goldman Sachs Group Inc. lifted its stake in shares of Antero Midstream Partners by 7.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 9,987,300 shares of the pipeline company’s stock valued at $290,031,000 after buying an additional 728,024 shares in the last quarter. Finally, Guggenheim Capital LLC raised its holdings in shares of Antero Midstream Partners by 11.1% in the fourth quarter. Guggenheim Capital LLC now owns 49,274 shares of the pipeline company’s stock valued at $1,431,000 after purchasing an additional 4,903 shares during the last quarter. 49.53% of the stock is currently owned by hedge funds and other institutional investors.

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Antero Midstream Partners Company Profile

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.

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