Stock Traders Buy High Volume of Call Options on Antero Midstream Partners (AM)
Antero Midstream Partners LP (NYSE:AM) was the target of some unusual options trading activity on Monday. Stock traders acquired 855 call options on the company. This represents an increase of approximately 1,374% compared to the average volume of 58 call options.
Shares of Antero Midstream Partners (AM) opened at $28.28 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.70. The stock has a market cap of $5,270.00, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 0.96 and a beta of 1.79. Antero Midstream Partners has a 12-month low of $25.71 and a 12-month high of $35.74.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 23rd. Shareholders of record on Wednesday, November 1st were given a $0.059 dividend. This represents a $0.24 annualized dividend and a yield of 0.83%. Antero Midstream Partners’s dividend payout ratio is 95.10%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its position in Antero Midstream Partners by 8.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,347 shares of the pipeline company’s stock worth $177,000 after purchasing an additional 410 shares during the last quarter. Carnick & Kubik Group LLC acquired a new stake in Antero Midstream Partners in the 3rd quarter worth $227,000. Guild Investment Management Inc. acquired a new stake in Antero Midstream Partners in the 3rd quarter worth $236,000. Northern Trust Corp acquired a new stake in Antero Midstream Partners in the 2nd quarter worth $245,000. Finally, Proficio Capital Partners LLC grew its position in Antero Midstream Partners by 6.4% in the 2nd quarter. Proficio Capital Partners LLC now owns 7,055 shares of the pipeline company’s stock worth $247,000 after purchasing an additional 424 shares during the last quarter. Institutional investors own 49.39% of the company’s stock.
Several brokerages recently commented on AM. Scotiabank set a $44.00 target price on shares of Antero Midstream Partners and gave the stock a “buy” rating in a report on Saturday, October 21st. ValuEngine upgraded shares of Antero Midstream Partners from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Stifel Nicolaus upgraded shares of Antero Midstream Partners from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Tuesday, August 15th. Seaport Global Securities began coverage on shares of Antero Midstream Partners in a report on Tuesday, October 10th. They issued a “buy” rating and a $44.00 target price on the stock. Finally, Mitsubishi UFJ Financial Group reiterated an “overweight” rating on shares of Antero Midstream Partners in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $39.25.
About Antero Midstream Partners
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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