Antero Midstream Partners LP (AM) Stock Rating Lowered by ValuEngine
Antero Midstream Partners LP (NYSE:AM) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Monday.
Several other brokerages also recently issued reports on AM. Guggenheim started coverage on Antero Midstream Partners in a research report on Thursday, July 20th. They issued a “buy” rating and a $37.00 price target on the stock. Scotiabank set a $44.00 price objective on Antero Midstream Partners and gave the stock a “buy” rating in a research report on Saturday, July 22nd. Stifel Nicolaus upgraded Antero Midstream Partners from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Tuesday, August 15th. Robert W. Baird set a $42.00 target price on Antero Midstream Partners and gave the company a “buy” rating in a research note on Sunday, September 10th. Finally, TheStreet downgraded Antero Midstream Partners from a “b” rating to a “c+” rating in a research note on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company’s stock. Antero Midstream Partners currently has a consensus rating of “Buy” and an average target price of $38.50.
Shares of Antero Midstream Partners (NYSE AM) opened at 31.74 on Monday. The firm has a market capitalization of $5.92 billion, a P/E ratio of 21.56 and a beta of 1.92. The stock’s 50 day moving average price is $31.81 and its 200 day moving average price is $32.99. Antero Midstream Partners has a 52 week low of $26.39 and a 52 week high of $35.74.
In other Antero Midstream Partners news, major shareholder Resources Corp Antero sold 10,000,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $31.11, for a total value of $311,100,000.00. Following the completion of the sale, the insider now owns 98,870,335 shares in the company, valued at approximately $3,075,856,121.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 7.91% of the company’s stock.
Large investors have recently made changes to their positions in the company. Creative Planning lifted its holdings in shares of Antero Midstream Partners by 29.1% during the 2nd quarter. Creative Planning now owns 13,095 shares of the pipeline company’s stock worth $434,000 after acquiring an additional 2,950 shares during the period. BB&T Securities LLC raised its position in Antero Midstream Partners by 20.7% in the second quarter. BB&T Securities LLC now owns 40,454 shares of the pipeline company’s stock worth $1,342,000 after purchasing an additional 6,939 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Antero Midstream Partners by 15.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,598,201 shares of the pipeline company’s stock worth $53,028,000 after purchasing an additional 212,350 shares in the last quarter. Bank of America Corp DE raised its position in Antero Midstream Partners by 39.6% in the first quarter. Bank of America Corp DE now owns 563,577 shares of the pipeline company’s stock worth $18,689,000 after purchasing an additional 159,856 shares in the last quarter. Finally, Bank of Montreal Can raised its position in 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 worth $36,894,000 after purchasing an additional 552,241 shares in the last quarter. 43.22% of the stock is currently owned by institutional investors.
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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