Antero Midstr (AMGP) Earns “Overweight” Rating from Morgan Stanley
Antero Midstr (NYSE:AMGP)‘s stock had its “overweight” rating reiterated by Morgan Stanley in a research report issued to clients and investors on Friday.
Other analysts have also issued research reports about the stock. Scotiabank set a $25.00 target price on shares of Antero Midstr and gave the stock a “hold” rating in a research note on Friday, July 21st. Stifel Nicolaus upgraded shares of Antero Midstr from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Monday, August 14th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Antero Midstr from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Robert W. Baird reiterated a “buy” rating and issued a $28.00 target price on shares of Antero Midstr in a research note on Friday, November 3rd. Finally, Goldman Sachs Group, Inc. (The) lowered shares of Antero Midstr from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $29.00 to $23.00 in a research note on Friday, September 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $26.25.
Shares of Antero Midstr (NYSE AMGP) opened at $17.24 on Friday. Antero Midstr has a one year low of $16.62 and a one year high of $22.87.
Antero Midstr (NYSE:AMGP) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.04). The business had revenue of $19.07 million for the quarter, compared to the consensus estimate 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 earnings per share for the current year.
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Several large investors have recently modified their holdings of AMGP. Warburg Pincus LLC purchased a new position in shares of Antero Midstr in the 2nd quarter worth about $1,211,309,000. Goldman Sachs Group Inc. purchased a new position in shares of Antero Midstr in the 2nd quarter worth about $126,613,000. Tortoise Capital Advisors L.L.C. purchased a new position in shares of Antero Midstr in the 2nd quarter worth about $90,757,000. Jennison Associates LLC purchased a new position in shares of Antero Midstr in the 2nd quarter worth about $38,645,000. Finally, Eagle Global Advisors LLC purchased a new position in shares of Antero Midstr in the 2nd quarter worth about $35,061,000. 61.36% of the stock is currently owned by institutional investors.
About Antero Midstr
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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