Antero Midstream GP LP (NASDAQ:AMGP) was upgraded by equities research analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a report issued on Monday. The firm presently has a $23.00 target price on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 21.24% from the company’s previous close. The analysts noted that the move was a valuation call.

A number of other research analysts have also recently weighed in on the company. Morgan Stanley initiated coverage on Antero Midstream GP in a research report on Tuesday, May 30th. They set an “overweight” rating and a $28.00 price objective on the stock. Goldman Sachs Group, Inc. (The) started coverage on Antero Midstream GP in a report on Monday, May 29th. They issued a “buy” rating and a $29.00 price target on the stock. DA Davidson started coverage on Antero Midstream GP in a report on Tuesday, May 30th. They issued a “buy” rating and a $30.00 price target on the stock. Wells Fargo & Company started coverage on Antero Midstream GP in a report on Tuesday, May 30th. They issued a “market perform” rating and a $23.00 price target on the stock. Finally, Raymond James Financial, Inc. started coverage on Antero Midstream GP in a report on Tuesday, May 30th. They issued a “strong-buy” rating and a $26.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $26.73.

Shares of Antero Midstream GP (NASDAQ AMGP) opened at 18.97 on Monday. The firm’s 50-day moving average is $21.36 and its 200-day moving average is $21.52. The company has a market cap of $3.53 billion and a price-to-earnings ratio of 654.14. Antero Midstream GP has a 52 week low of $18.55 and a 52 week high of $22.87.

COPYRIGHT VIOLATION NOTICE: This article was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another publication, it was illegally stolen and republished in violation of United States & international copyright and trademark law. The correct version of this article can be read at https://www.thecerbatgem.com/2017/08/14/antero-midstream-gp-lp-amgp-upgraded-by-stifel-nicolaus-to-buy.html.

Institutional investors have recently added to or reduced their stakes in the stock. Duff & Phelps Investment Management Co. bought a new position in Antero Midstream GP during the second quarter valued at $8,039,000. Diversified Trust Co bought a new position in Antero Midstream GP during the second quarter valued at $259,000. Eagle Global Advisors LLC bought a new position in Antero Midstream GP during the second quarter valued at $35,061,000. Tortoise Capital Advisors L.L.C. bought a new position in Antero Midstream GP during the second quarter valued at $90,757,000. Finally, Russell Investments Group Ltd. bought a new position in Antero Midstream GP during the second quarter valued at $3,535,000.

About Antero Midstream GP

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 (NASDAQ:AMGP)

Receive News & Stock Ratings for Antero Midstream GP LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Antero Midstream GP LP and related stocks with our FREE daily email newsletter.