A number of other research analysts have also commented on AM. Barclays cut their target price on Antero Midstream Partners from $36.00 to $35.00 and set an overweight rating for the company in a research note on Tuesday, June 12th. Citigroup upped their target price on Antero Midstream Partners from $33.00 to $35.50 and gave the company a buy rating in a research note on Tuesday, July 31st. Stifel Nicolaus lowered Antero Midstream Partners from a buy rating to a hold rating and cut their target price for the company from $37.00 to $35.00 in a research note on Thursday, August 2nd. Wells Fargo & Co upped their target price on Antero Midstream Partners from $36.00 to $38.00 and gave the company an outperform rating in a research note on Thursday, August 9th. Finally, JPMorgan Chase & Co. upped their target price on Antero Midstream Partners from $24.00 to $25.00 and gave the company a neutral rating in a research note on Friday, August 10th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $34.95.
Shares of AM stock opened at $32.88 on Wednesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.31 and a quick ratio of 1.31. The company has a market cap of $5.36 billion, a PE ratio of 24.18 and a beta of 1.78. Antero Midstream Partners has a 12 month low of $24.20 and a 12 month high of $34.53.
Antero Midstream Partners (NYSE:AM) last issued its earnings results on Wednesday, August 1st. The pipeline company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.02). The firm had revenue of $250.98 million during the quarter, compared to analyst estimates of $233.23 million. Antero Midstream Partners had a net margin of 32.94% and a return on equity of 20.54%. Equities analysts anticipate that Antero Midstream Partners will post 1.68 earnings per share for the current fiscal year.
A number of large investors have recently made changes to their positions in AM. Wells Fargo & Company MN grew its position in Antero Midstream Partners by 28.7% in the first quarter. Wells Fargo & Company MN now owns 59,559 shares of the pipeline company’s stock valued at $1,542,000 after acquiring an additional 13,276 shares during the period. California Public Employees Retirement System grew its holdings in shares of Antero Midstream Partners by 46.9% during the first quarter. California Public Employees Retirement System now owns 15,250 shares of the pipeline company’s stock worth $395,000 after purchasing an additional 4,869 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Antero Midstream Partners by 118.0% in the first quarter. BNP Paribas Arbitrage SA now owns 9,838 shares of the pipeline company’s stock valued at $255,000 after acquiring an additional 5,325 shares during the last quarter. UBS Group AG boosted its holdings in Antero Midstream Partners by 3.5% in the first quarter. UBS Group AG now owns 1,948,482 shares of the pipeline company’s stock valued at $50,446,000 after acquiring an additional 65,983 shares during the last quarter. Finally, Mariner LLC bought a new position in Antero Midstream Partners in the first quarter valued at about $1,429,000. 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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