Barclays downgraded shares of Antero Midstream Partners (NYSE:AM) from an overweight rating to an equal weight rating in a report published on Friday, Marketbeat reports. They currently have $36.00 price target on the pipeline company’s stock, up from their previous price target of $33.00.
Several other research analysts have also commented on the company. Credit Suisse Group began coverage on Antero Midstream Partners in a research report on Thursday. They set a neutral rating and a $36.00 price target on the stock. Robert W. Baird set a $49.00 target price on Antero Midstream Partners and gave the company a buy rating in a report on Wednesday. Raymond James reissued a market perform rating on shares of Antero Midstream Partners in a report on Wednesday. ValuEngine raised Antero Midstream Partners from a hold rating to a buy rating in a report on Tuesday. Finally, Stifel Nicolaus raised Antero Midstream Partners from a hold rating to a buy rating and set a $35.00 target price on the stock in a report on Tuesday, August 28th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Antero Midstream Partners presently has a consensus rating of Buy and an average target price of $35.23.
AM traded down $0.34 during trading on Friday, hitting $32.88. 982,947 shares of the stock were exchanged, compared to its average volume of 591,774. The firm has a market cap of $5.36 billion, a price-to-earnings ratio of 23.49 and a beta of 1.78. Antero Midstream Partners has a 1-year low of $24.20 and a 1-year high of $34.53. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.91.
Antero Midstream Partners (NYSE:AM) last released its quarterly earnings results on Wednesday, August 1st. The pipeline company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.02). The firm had revenue of $250.98 million for the quarter, compared to analyst estimates of $233.23 million. Antero Midstream Partners had a return on equity of 20.54% and a net margin of 32.94%. Equities analysts expect that Antero Midstream Partners will post 1.68 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. Baldwin Brothers Inc. MA purchased a new stake in shares of Antero Midstream Partners in the second quarter valued at approximately $161,000. JJJ Advisors Inc. purchased a new stake in shares of Antero Midstream Partners in the second quarter valued at approximately $199,000. LVW Advisors LLC purchased a new stake in shares of Antero Midstream Partners in the second quarter valued at approximately $210,000. Clinton Group Inc. purchased a new stake in Antero Midstream Partners during the third quarter worth $227,000. Finally, Aperio Group LLC purchased a new stake in Antero Midstream Partners during the second quarter worth $228,000. Hedge funds and other institutional investors own 47.58% of the company’s stock.
Antero Midstream Partners Company Profile
Antero Midstream Partners LP owns, operates, and develops midstream energy assets. The company operates in two segments, Gathering and Processing, and Water Handling and Treatment. Its assets include 8-, 12-, 16-, 20-, 24-, and 30-inch high and low pressure gathering pipelines, compressor stations, and processing and fractionation plants that collect and process natural gas, natural gas liquids, and crude oil from wells in the Marcellus Shale in West Virginia and the Utica Shale in Ohio; and water handling and treatment assets, which comprise two independent fresh water delivery systems that deliver fresh water from the Ohio River and several regional waterways, as well as wastewater handling services for well completion operations.
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