Antero Midstream Partners LP (AM) Given Average Rating of “Hold” by Brokerages

Shares of Antero Midstream Partners LP (NYSE:AM) have earned a consensus recommendation of “Hold” from the thirteen ratings firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $33.83.

AM has been the subject of a number of recent analyst reports. Capital One Financial downgraded Antero Midstream Partners from an “overweight” rating to an “equal weight” rating in a report on Friday, February 1st. Zacks Investment Research upgraded Antero Midstream Partners from a “strong sell” rating to a “hold” rating in a report on Friday, January 11th. Finally, ValuEngine downgraded Antero Midstream Partners from a “hold” rating to a “sell” rating in a report on Friday, March 1st.

In other news, insider Michael N. Kennedy sold 210,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $12.45, for a total value of $2,614,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 7.91% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Berman Capital Advisors LLC acquired a new stake in shares of Antero Midstream Partners in the 4th quarter valued at about $115,000. Arlington Partners LLC bought a new position in Antero Midstream Partners in the 4th quarter valued at about $150,000. IFP Advisors Inc bought a new position in Antero Midstream Partners in the 4th quarter valued at about $154,000. Bessemer Group Inc. lifted its position in Antero Midstream Partners by 236.6% in the 4th quarter. Bessemer Group Inc. now owns 7,873 shares of the pipeline company’s stock valued at $169,000 after acquiring an additional 5,534 shares in the last quarter. Finally, LVW Advisors LLC lifted its position in Antero Midstream Partners by 10.5% in the 4th quarter. LVW Advisors LLC now owns 10,000 shares of the pipeline company’s stock valued at $214,000 after acquiring an additional 950 shares in the last quarter. Institutional investors own 50.22% of the company’s stock.

Shares of Antero Midstream Partners stock opened at $13.30 on Friday. Antero Midstream Partners has a 1-year low of $10.12 and a 1-year high of $19.91. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 40.30 and a beta of 1.80.

Antero Midstream Partners (NYSE:AM) last issued its quarterly earnings results on Wednesday, February 13th. The pipeline company reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.10. Antero Midstream Partners had a return on equity of 246.65% and a net margin of 43.36%. The firm had revenue of $281.75 million during the quarter, compared to the consensus estimate of $264.71 million. Sell-side analysts predict that Antero Midstream Partners will post 0.89 earnings per share for the current year.

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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Analyst Recommendations for Antero Midstream Partners (NYSE:AM)

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