Brokerages Set Antero Midstream Partners LP (AM) Target Price at $38.50
Antero Midstream Partners LP (NYSE:AM) has been given an average recommendation of “Buy” by the sixteen research firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $38.50.
Several research firms have recently issued reports on AM. BidaskClub raised shares of Antero Midstream Partners from a “sell” rating to a “hold” rating in a research note on Saturday. TheStreet lowered shares of Antero Midstream Partners from a “b” rating to a “c+” rating in a research note on Tuesday, August 22nd. Stifel Nicolaus raised shares of Antero Midstream Partners from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Tuesday, August 15th. Mitsubishi UFJ Financial Group started coverage on shares of Antero Midstream Partners in a research note on Monday, May 29th. They issued a “buy” rating and a $30.00 price target on the stock. Finally, Credit Suisse Group started coverage on shares of Antero Midstream Partners in a research note on Tuesday, May 30th. They issued an “outperform” rating and a $44.00 price target on the stock.
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A number of hedge funds have recently added to or reduced their stakes in AM. Balentine LLC increased its stake in Antero Midstream Partners by 5.7% in the first quarter. Balentine LLC now owns 3,892 shares of the pipeline company’s stock worth $129,000 after buying an additional 210 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Antero Midstream Partners by 8.3% in the second quarter. The Manufacturers Life Insurance Company now owns 5,347 shares of the pipeline company’s stock worth $177,000 after buying an additional 410 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in Antero Midstream Partners during the first quarter worth approximately $194,000. Signature Financial Management Inc. acquired a new stake in Antero Midstream Partners during the first quarter worth approximately $205,000. Finally, Proficio Capital Partners LLC acquired a new stake in Antero Midstream Partners during the first quarter worth approximately $230,000. Institutional investors own 43.25% of the company’s stock.
Antero Midstream Partners (NYSE:AM) traded up 0.03% on Friday, reaching $32.23. The company’s stock had a trading volume of 130,471 shares. The company’s 50 day moving average price is $33.10 and its 200-day moving average price is $33.59. The stock has a market cap of $6.01 billion, a PE ratio of 21.90 and a beta of 1.96. Antero Midstream Partners has a 12-month low of $24.61 and a 12-month high of $35.74.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 16th. Shareholders of record on Thursday, August 3rd were issued a $0.32 dividend. This is an increase from Antero Midstream Partners’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, August 1st. This represents a $1.28 dividend on an annualized basis and a yield of 3.97%. Antero Midstream Partners’s dividend payout ratio is presently 86.49%.
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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