Antero Midstream Partners LP (NYSE:AM) has been given a consensus rating of “Buy” by the sixteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $39.78.
Several research firms have recently weighed in on AM. Stifel Nicolaus restated a “buy” rating and issued a $37.00 target price on shares of Antero Midstream Partners in a research report on Wednesday, January 17th. Zacks Investment Research downgraded Antero Midstream Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Credit Suisse Group began coverage on Antero Midstream Partners in a research report on Friday, January 5th. They issued an “outperform” rating and a $35.00 target price on the stock. Finally, Seaport Global Securities set a $37.00 target price on Antero Midstream Partners and gave the company a “buy” rating in a research report on Thursday, February 15th.
A number of institutional investors have recently made changes to their positions in the stock. Tortoise Capital Advisors L.L.C. lifted its position in Antero Midstream Partners by 16.4% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 10,347,615 shares of the pipeline company’s stock worth $326,260,000 after buying an additional 1,457,105 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Antero Midstream Partners by 7.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 9,987,300 shares of the pipeline company’s stock worth $290,031,000 after buying an additional 728,024 shares in the last quarter. Alps Advisors Inc. lifted its position in Antero Midstream Partners by 15.1% during the fourth quarter. Alps Advisors Inc. now owns 7,270,043 shares of the pipeline company’s stock worth $211,122,000 after buying an additional 951,855 shares in the last quarter. Harvest Fund Advisors LLC lifted its position in Antero Midstream Partners by 45.7% during the third quarter. Harvest Fund Advisors LLC now owns 6,129,948 shares of the pipeline company’s stock worth $193,277,000 after buying an additional 1,922,682 shares in the last quarter. Finally, Neuberger Berman Group LLC lifted its position in Antero Midstream Partners by 2.8% during the third quarter. Neuberger Berman Group LLC now owns 5,506,304 shares of the pipeline company’s stock worth $173,614,000 after buying an additional 147,744 shares in the last quarter. Hedge funds and other institutional investors own 49.58% of the company’s stock.
Antero Midstream Partners (NYSE:AM) last released its earnings results on Tuesday, February 13th. The pipeline company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. The business had revenue of $210.33 million for the quarter, compared to the consensus estimate of $203.43 million. Antero Midstream Partners had a return on equity of 18.34% and a net margin of 32.74%. equities analysts forecast that Antero Midstream Partners will post 1.74 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Thursday, February 1st were given a dividend of $0.365 per share. This is an increase from Antero Midstream Partners’s previous quarterly dividend of $0.34. The ex-dividend date was Wednesday, January 31st. This represents a $1.46 dividend on an annualized basis and a yield of 5.35%. Antero Midstream Partners’s dividend payout ratio (DPR) is presently 114.06%.
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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