Antero Midstream GP LP (NASDAQ:AMGP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Friday, September 8th.
According to Zacks, “Antero Midstream GP LP owns, operates and develops midstream energy infrastructure. The Company’s segments include gathering and processing segment and water handling and treatment segment. It offers gathering and compressions, water distribution, clearwater facility, fractionation and pipeline safety services. Antero Midstream GP LP is based in Denver, United States. “
AMGP has been the subject of several other reports. Stifel Nicolaus began coverage on shares of Antero Midstream GP in a report on Tuesday, May 30th. They set a “hold” rating and a $24.00 price target for the company. Morgan Stanley restated an “overweight” rating on shares of Antero Midstream GP in a report on Tuesday, September 5th. Wells Fargo & Company began coverage on Antero Midstream GP in a report on Tuesday, May 30th. They issued a “market perform” rating and a $23.00 price objective for the company. Robert W. Baird set a $28.00 price objective on Antero Midstream GP and gave the company a “buy” rating in a report on Friday, June 16th. Finally, Credit Suisse Group assumed coverage on Antero Midstream GP in a report on Tuesday, May 30th. They issued an “outperform” rating and a $28.00 price objective for the company. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $26.33.
Antero Midstream GP (NASDAQ AMGP) traded up 0.41% during trading on Friday, hitting $19.50. The stock had a trading volume of 392,534 shares. Antero Midstream GP has a 12-month low of $17.66 and a 12-month high of $27.74. The company has a market cap of $3.63 billion and a P/E ratio of 672.41. The company has a 50 day moving average of $19.29 and a 200-day moving average of $20.85.
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A number of large investors have recently bought and sold shares of the business. Warburg Pincus LLC purchased a new stake in Antero Midstream GP in the 2nd quarter valued at about $1,211,309,000. Goldman Sachs Group Inc. purchased a new stake in shares of Antero Midstream GP during the 2nd quarter worth approximately $126,613,000. Tortoise Capital Advisors L.L.C. purchased a new stake in shares of Antero Midstream GP during the 2nd quarter worth approximately $90,757,000. Jennison Associates LLC purchased a new stake in shares of Antero Midstream GP during the 2nd quarter worth approximately $38,645,000. Finally, Eagle Global Advisors LLC purchased a new stake in shares of Antero Midstream GP during the 2nd quarter worth approximately $35,061,000.
About Antero Midstream GP
Antero Midstream GP LP, formerly Antero Resources Midstream Management LLC, owns, operates and develops midstream energy infrastructure. The Company’s segments include gathering and processing and water handling and treatment. The gathering and processing segment consist of long-term, fee-based activities including low-pressure gathering, compression, high-pressure gathering, processing, fractionation, and condensate gathering.
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