Antero Midstr (AMGP) Receives “Overweight” Rating from Morgan Stanley
Antero Midstr (NYSE:AMGP)‘s stock had its “overweight” rating reiterated by equities research analysts at Morgan Stanley in a research report issued on Friday. They currently have a $2.00 price target on the stock. Morgan Stanley’s price target indicates a potential downside of 88.24% from the company’s previous close.
AMGP has been the subject of several other reports. Wells Fargo & Company raised Antero Midstr from a “market perform” rating to an “outperform” rating in a report on Monday, November 6th. Scotiabank reissued a “hold” rating and issued a $24.00 price objective on shares of Antero Midstr in a report on Wednesday, October 4th. Zacks Investment Research raised Antero Midstr from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. Robert W. Baird reissued a “buy” rating and issued a $28.00 price objective on shares of Antero Midstr in a report on Friday, November 3rd. Finally, The Goldman Sachs Group, Inc. downgraded Antero Midstr from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $29.00 to $23.00 in a report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Antero Midstr currently has a consensus rating of “Buy” and an average price target of $24.63.
Shares of Antero Midstr (NYSE:AMGP) opened at $17.00 on Friday. Antero Midstr has a fifty-two week low of $16.62 and a fifty-two week high of $22.87.
Antero Midstr (NYSE:AMGP) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.04). The firm had revenue of $19.07 million during the quarter, compared to analyst estimates of $19.44 million. Antero Midstr had a net margin of 4.41% and a return on equity of 17.95%. equities research analysts expect that Antero Midstr will post 0.18 EPS for the current fiscal year.
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A number of institutional investors have recently added to or reduced their stakes in the business. Alyeska Investment Group L.P. lifted its holdings in Antero Midstr by 56.5% in the third quarter. Alyeska Investment Group L.P. now owns 1,800,000 shares of the company’s stock valued at $36,846,000 after acquiring an additional 650,000 shares during the period. Cohen & Steers Inc. lifted its holdings in Antero Midstr by 59.0% in the third quarter. Cohen & Steers Inc. now owns 3,135,115 shares of the company’s stock valued at $64,176,000 after acquiring an additional 1,163,246 shares during the period. AMP Capital Investors Ltd lifted its holdings in Antero Midstr by 180.4% in the third quarter. AMP Capital Investors Ltd now owns 63,314 shares of the company’s stock valued at $1,296,000 after acquiring an additional 40,738 shares during the period. Franklin Square Holdings L.P. lifted its holdings in Antero Midstr by 128.6% in the third quarter. Franklin Square Holdings L.P. now owns 25,150 shares of the company’s stock valued at $515,000 after acquiring an additional 14,150 shares during the period. Finally, Artisan Partners Limited Partnership lifted its holdings in Antero Midstr by 34.3% in the third quarter. Artisan Partners Limited Partnership now owns 758,750 shares of the company’s stock valued at $15,532,000 after acquiring an additional 193,905 shares during the period. 62.79% of the stock is owned by institutional investors.
Antero Midstr Company Profile
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.
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