Stock Perspective: Antero Midstream Partners LP (NYSE:AM) Earnings in View

Owen Stevens
June 1, 2017

Analysts taken into consideration by Zacks Research have a current mean target price of $38.5 on Antero Midstream Partners LP (NYSE:AM) shares. The stock presently has an average rating of Buy and a consensus price target of $26.80. This indicates more upside for the $93.16B company.

Other research analysts have also issued research reports about the company. Robert W. Baird initiated it with "Outperform" rating and $28 target in Tuesday, May 30 report. Goldman Sachs Group Inc assumed coverage on Antero Midstream Partners in a research report on Monday. They set a "buy" rating and a $45.00 price target on the stock. $26.70's average target is 20.76% above currents $22.11 stock price. Goldman Sachs initiated it with "Buy" rating and $2900 target in Monday, May 29 report. The company now has a consensus rating of Buy and a consensus price target of $26.80. Robert W. Baird initiated the stock with "Outperform" rating in Tuesday, May 30 report. The rating was upgraded by Stifel Nicolaus to "Buy" on Tuesday, December 6.

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. Antero Midstream Partners has a 12-month low of $24.07 and a 12-month high of $35.74. The company has market cap of $31.17 million. The 50 day moving average was up $0.40 or +1.86% whereas the 200 day moving average was up $0.40 or +1.86%.

Antero Midstream Partners (NYSE:AM) last posted its earnings results on Monday, May 8th.

The company is now down by -0.09 percent from yesterday's close. It turned negative, as 11 investors sold Antero Midstream Partners LP shares while 25 reduced holdings. About shares traded. Antero Midstream Partners LP (NYSE:AM) has risen 39.56% since June 1, 2016 and is uptrending.

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The business also recently announced a quarterly dividend, which was paid on Wednesday, May 10th.

Based on the latest brokerage notes which have been released to investors, 7 brokers have issued a rating of "strong buy", 6 brokers "buy", 0 brokers "neutral", 0 brokers "sell" and 0 brokers "strong sell". The ex-dividend date was Monday, May 1st. This is a boost from Antero Midstream Partners's previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 3.50%. Antero Midstream Partners's payout ratio is now 98.25%. As per Tuesday, May 30, the company rating was initiated by JP Morgan. If you are reading this story on another publication, it was copied illegally and reposted in violation of global trademark & copyright law.

Antero Resources Midstream Management LL (AMGP) opened at 22.08 on Tuesday. OppenheimerFunds Inc. raised its stake in shares of Antero Midstream Partners by 50.3% in the first quarter. First Trust Advsr L P reported 0.01% stake. Raymond James & holds 63,634 shares. Signature Financial Management Inc. purchased a new stake in Antero Midstream Partners during the first quarter valued at $205,000.

Antero Midstream Partners (AM) opened at 34.64 on Thursday. TPH Asset Management LLC now owns 856,881 shares of the pipeline company's stock valued at $22,879,000 after buying an additional 96,687 shares during the period. Finally, Keybank National Association OH acquired a new stake in Antero Midstream Partners during the fourth quarter worth $216,000.

Large investors have recently made changes to their positions in the stock. The Company's divisions include Communications, Media and Technology; Financial Services; Health and Public Service; Products, and Resources.

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