Raymond James lowered shares of Antero Midstream Partners (NYSE:AM) from a strong-buy rating to an outperform rating in a report issued on Tuesday morning, BenzingaRatingsTable reports. Raymond James currently has $17.00 price target on the pipeline company’s stock, down from their prior price target of $19.00. The analysts noted that the move was a valuation call.
A number of other research analysts have also issued reports on the stock. ValuEngine upgraded shares of Antero Midstream Partners from a sell rating to a hold rating in a research note on Monday, April 1st. Capital One Financial reiterated an equal weight rating on shares of Antero Midstream Partners in a research note on Friday, March 22nd. Finally, Zacks Investment Research lowered shares of Antero Midstream Partners from a hold rating to a strong sell rating in a research note on Wednesday, February 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The stock has an average rating of Hold and an average target price of $32.39.
Shares of Antero Midstream Partners stock opened at $14.13 on Tuesday. The company has a market cap of $2.64 billion, a P/E ratio of 42.82 and a beta of 1.82. Antero Midstream Partners has a 1 year low of $10.12 and a 1 year high of $19.91.
Antero Midstream Partners (NYSE:AM) last announced its quarterly earnings data on Wednesday, February 13th. The pipeline company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.10. The business had revenue of $281.75 million during the quarter, compared to the consensus estimate of $264.71 million. Antero Midstream Partners had a net margin of 43.36% and a return on equity of 246.65%. Analysts predict that Antero Midstream Partners will post 0.89 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Friday, April 26th will be given a $0.3025 dividend. This represents a $1.21 annualized dividend and a yield of 8.56%. The ex-dividend date is Thursday, April 25th. Antero Midstream Partners’s payout ratio is presently 200.00%.
In other Antero Midstream Partners news, insider Michael N. Kennedy sold 210,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $12.45, for a total value of $2,614,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Large investors have recently modified their holdings of the company. Berman Capital Advisors LLC acquired a new stake in shares of Antero Midstream Partners during the 4th quarter worth approximately $115,000. Arlington Partners LLC acquired a new position in Antero Midstream Partners during the fourth quarter valued at approximately $150,000. IFP Advisors Inc acquired a new position in Antero Midstream Partners during the fourth quarter valued at approximately $154,000. Bessemer Group Inc. grew its holdings in Antero Midstream Partners by 236.6% during the fourth quarter. Bessemer Group Inc. now owns 7,873 shares of the pipeline company’s stock valued at $169,000 after purchasing an additional 5,534 shares during the period. Finally, LVW Advisors LLC grew its holdings in Antero Midstream Partners by 10.5% during the fourth quarter. LVW Advisors LLC now owns 10,000 shares of the pipeline company’s stock valued at $214,000 after purchasing an additional 950 shares during the period. Institutional investors own 50.22% of the company’s stock.
About Antero Midstream Partners
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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