Somewhat Positive News Coverage Somewhat Unlikely to Impact Antero Midstream Partners (AM) Stock Price
Media coverage about Antero Midstream Partners (NYSE:AM) has been trending somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Antero Midstream Partners earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave press coverage about the pipeline company an impact score of 46.5366462385018 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern’s rankings:
- Antero Midstream’s Strong 3-Year Returns and a 100% ‘Buy’ Rating (finance.yahoo.com)
- Antero Midstream Partners LP (AM) Given Average Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- Robert W. Baird Analysts Give Antero Midstream Partners LP (AM) a $42.00 Price Target (americanbankingnews.com)
- $0.41 EPS Expected for Antero Midstream Partners LP (AM) This Quarter (americanbankingnews.com)
Shares of Antero Midstream Partners (NYSE:AM) opened at 29.83 on Friday. The stock has a market cap of $5.56 billion, a PE ratio of 20.26 and a beta of 1.92. The firm has a 50-day moving average price of $31.55 and a 200-day moving average price of $32.80. Antero Midstream Partners has a 12 month low of $27.01 and a 12 month high of $35.74.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Wednesday, November 1st will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 4.56%. The ex-dividend date of this dividend is Tuesday, October 31st. This is a boost from Antero Midstream Partners’s previous quarterly dividend of $0.32. Antero Midstream Partners’s payout ratio is 86.49%.
A number of research firms have weighed in on AM. Robert W. Baird set a $42.00 target price on Antero Midstream Partners and gave the company a “buy” rating in a report on Thursday, October 12th. Zacks Investment Research raised Antero Midstream Partners from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 10th. Seaport Global Securities began coverage on Antero Midstream Partners in a report on Tuesday, October 10th. They issued a “buy” rating and a $44.00 target price on the stock. ValuEngine downgraded Antero Midstream Partners from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Morgan Stanley reissued an “overweight” rating on shares of Antero Midstream Partners in a report on Tuesday, September 5th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $39.25.
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In other news, major shareholder Resources Corp Antero sold 10,000,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 98,870,335 shares of the company’s stock, valued at approximately $3,075,856,121.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 7.91% of the company’s stock.
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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