Antero Midstream GP (AMGP) Lifted to “Buy” at Zacks Investment Research
Antero Midstream GP (NYSE:AMGP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Monday. The firm presently has a $23.00 price objective on the stock. Zacks Investment Research‘s target price points to a potential upside of 10.52% from the stock’s current price.
According to Zacks, “Antero Midstream GP LP owns, operates and develops midstream energy infrastructure. The Company’s segments include gathering and processing segment and water handling and treatment segment. It offers gathering and compressions, water distribution, clearwater facility, fractionation and pipeline safety services. Antero Midstream GP LP is based in Denver, United States. “
A number of other equities analysts have also commented on the company. Wells Fargo & Co raised Antero Midstream GP from a “market perform” rating to an “outperform” rating in a report on Monday, November 6th. Morgan Stanley reissued an “overweight” rating on shares of Antero Midstream GP in a research note on Friday, November 17th. Citigroup raised Antero Midstream GP from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Wednesday, December 6th. Robert W. Baird reissued a “buy” rating and set a $28.00 price objective on shares of Antero Midstream GP in a research note on Friday, November 3rd. Finally, Seaport Global Securities started coverage on Antero Midstream GP in a research note on Tuesday, October 10th. They set a “buy” rating and a $26.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $26.18.
Antero Midstream GP (NYSE:AMGP) last posted 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). Antero Midstream GP had a return on equity of 17.95% and a net margin of 4.41%. The company had revenue of $19.07 million during the quarter, compared to the consensus estimate of $19.44 million. research analysts anticipate that Antero Midstream GP will post 0.18 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of the business. Warburg Pincus LLC bought a new stake in Antero Midstream GP during the second quarter worth about $1,211,309,000. Yale University lifted its stake in Antero Midstream GP by 3.9% during the third quarter. Yale University now owns 5,769,780 shares of the company’s stock worth $118,107,000 after purchasing an additional 216,144 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in Antero Midstream GP during the second quarter worth about $126,613,000. Tortoise Capital Advisors L.L.C. lifted its stake in Antero Midstream GP by 4.2% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 4,302,725 shares of the company’s stock worth $88,077,000 after purchasing an additional 173,650 shares during the last quarter. Finally, Cohen & Steers Inc. lifted its stake in Antero Midstream GP by 59.0% during the third quarter. Cohen & Steers Inc. now owns 3,135,115 shares of the company’s stock worth $64,176,000 after purchasing an additional 1,163,246 shares during the last quarter. 64.73% of the stock is owned by hedge funds and other institutional investors.
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About Antero Midstream GP
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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