Shares of Antero Midstream GP LP (NASDAQ:AMGP) have been assigned a consensus rating of “Buy” from the sixteen research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $26.73.

A number of analysts have weighed in on AMGP shares. Morgan Stanley started coverage on shares of Antero Midstream GP in a research report on Tuesday, May 30th. They set an “overweight” rating and a $28.00 target price for the company. Goldman Sachs Group, Inc. (The) started coverage on shares of Antero Midstream GP in a research report on Monday, May 29th. They set a “buy” rating and a $29.00 target price for the company. DA Davidson started coverage on shares of Antero Midstream GP in a research report on Tuesday, May 30th. They set a “buy” rating and a $30.00 target price for the company. Wells Fargo & Company started coverage on shares of Antero Midstream GP in a research report on Tuesday, May 30th. They set a “market perform” rating and a $23.00 target price for the company. Finally, Raymond James Financial, Inc. started coverage on shares of Antero Midstream GP in a research report on Tuesday, May 30th. They set a “strong-buy” rating and a $26.00 target price for the company.

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Antero Midstream GP (AMGP) traded down 0.60% on Tuesday, reaching $18.37. 240,591 shares of the company traded hands. Antero Midstream GP has a one year low of $18.12 and a one year high of $22.87. The firm has a 50 day moving average of $20.95 and a 200-day moving average of $21.33. The stock has a market capitalization of $3.42 billion and a PE ratio of 633.45.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Thursday, August 3rd will be given a dividend of $0.027 per share. This represents a $0.11 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Tuesday, August 1st.

Several hedge funds have recently made changes to their positions in the company. Diversified Trust Co bought a new stake in shares of Antero Midstream GP during the second quarter valued at approximately $259,000. Russell Investments Group Ltd. bought a new stake in shares of Antero Midstream GP during the second quarter valued at approximately $3,535,000. Eagle Global Advisors LLC bought a new stake in shares of Antero Midstream GP during the second quarter valued at approximately $35,061,000. State of New Jersey Common Pension Fund D bought a new stake in shares of Antero Midstream GP during the second quarter valued at approximately $1,649,000. Finally, Sei Investments Co. bought a new stake in shares of Antero Midstream GP during the second quarter valued at approximately $1,658,000.

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)

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