Brokerages Set Antero Midstream Partners LP (AM) PT at $39.18

Antero Midstream Partners LP (NYSE:AM) has received an average rating of “Buy” from the seventeen brokerages that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $39.18.

A number of equities analysts have recently weighed in on AM shares. BidaskClub cut Antero Midstream Partners from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Zacks Investment Research lowered Antero Midstream Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Guggenheim began coverage on Antero Midstream Partners in a research note on Thursday, July 20th. They set a “buy” rating and a $37.00 target price on the stock. Scotiabank set a $44.00 target price on Antero Midstream Partners and gave the stock a “buy” rating in a research note on Saturday, July 22nd. Finally, Stifel Nicolaus raised Antero Midstream Partners from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Tuesday, August 15th.

In other Antero Midstream Partners news, major shareholder Resources Corp Antero sold 10,000,000 shares of the stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $31.11, for a total value of $311,100,000.00. Following the sale, the insider now owns 98,870,335 shares of the company’s stock, valued at approximately $3,075,856,121.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 7.91% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Creative Planning raised its position in Antero Midstream Partners by 29.1% in the 2nd quarter. Creative Planning now owns 13,095 shares of the pipeline company’s stock valued at $434,000 after purchasing an additional 2,950 shares in the last quarter. BB&T Securities LLC raised its position in Antero Midstream Partners by 20.7% in the 2nd quarter. BB&T Securities LLC now owns 40,454 shares of the pipeline company’s stock valued at $1,342,000 after purchasing an additional 6,939 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Antero Midstream Partners by 15.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,598,201 shares of the pipeline company’s stock valued at $53,028,000 after purchasing an additional 212,350 shares in the last quarter. Bank of Montreal Can raised its position in Antero Midstream Partners by 98.7% in the 2nd quarter. Bank of Montreal Can now owns 1,111,946 shares of the pipeline company’s stock valued at $36,894,000 after purchasing an additional 552,241 shares in the last quarter. Finally, Bank of America Corp DE raised its position in Antero Midstream Partners by 39.6% in the 1st quarter. Bank of America Corp DE now owns 563,577 shares of the pipeline company’s stock valued at $18,689,000 after purchasing an additional 159,856 shares in the last quarter. 43.22% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION NOTICE: This news story was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this news story can be read at https://ledgergazette.com/2017/10/18/brokerages-set-antero-midstream-partners-lp-am-pt-at-39-18.html.

Antero Midstream Partners (AM) traded down 0.80% during mid-day trading on Friday, hitting $29.81. The stock had a trading volume of 638,723 shares. The firm’s 50-day moving average price is $31.80 and its 200 day moving average price is $32.88. Antero Midstream Partners has a one year low of $27.01 and a one year high of $35.74. The company has a market cap of $5.56 billion, a PE ratio of 20.25 and a beta of 1.92.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Wednesday, November 1st will be given a $0.34 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $1.36 dividend on an annualized basis and a yield of 4.56%. This is a positive change from Antero Midstream Partners’s previous quarterly dividend of $0.32. Antero Midstream Partners’s dividend payout ratio (DPR) is currently 86.49%.

About Antero Midstream Partners

Antero Midstream Partners LP is a limited partner

A number of equities analysts have recently weighed in on AM shares. BidaskClub cut Antero Midstream Partners from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Zacks Investment Research lowered Antero Midstream Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Guggenheim began coverage on Antero Midstream Partners in a research note on Thursday, July 20th. They set a “buy” rating and a $37.00 target price on the stock. Scotiabank set a $44.00 target price on Antero Midstream Partners and gave the stock a “buy” rating in a research note on Saturday, July 22nd. Finally, Stifel Nicolaus raised Antero Midstream Partners from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Tuesday, August 15th.

In other Antero Midstream Partners news, major shareholder Resources Corp Antero sold 10,000,000 shares of the stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $31.11, for a total value of $311,100,000.00. Following the sale, the insider now owns 98,870,335 shares of the company’s stock, valued at approximately $3,075,856,121.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 7.91% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Creative Planning raised its position in Antero Midstream Partners by 29.1% in the 2nd quarter. Creative Planning now owns 13,095 shares of the pipeline company’s stock valued at $434,000 after purchasing an additional 2,950 shares in the last quarter. BB&T Securities LLC raised its position in Antero Midstream Partners by 20.7% in the 2nd quarter. BB&T Securities LLC now owns 40,454 shares of the pipeline company’s stock valued at $1,342,000 after purchasing an additional 6,939 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Antero Midstream Partners by 15.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,598,201 shares of the pipeline company’s stock valued at $53,028,000 after purchasing an additional 212,350 shares in the last quarter. Bank of Montreal Can raised its position in Antero Midstream Partners by 98.7% in the 2nd quarter. Bank of Montreal Can now owns 1,111,946 shares of the pipeline company’s stock valued at $36,894,000 after purchasing an additional 552,241 shares in the last quarter. Finally, Bank of America Corp DE raised its position in Antero Midstream Partners by 39.6% in the 1st quarter. Bank of America Corp DE now owns 563,577 shares of the pipeline company’s stock valued at $18,689,000 after purchasing an additional 159,856 shares in the last quarter. 43.22% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION NOTICE: This news story was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this news story can be read at https://ledgergazette.com/2017/10/18/brokerages-set-antero-midstream-partners-lp-am-pt-at-39-18.html.

Antero Midstream Partners (AM) traded down 0.80% during mid-day trading on Friday, hitting $29.81. The stock had a trading volume of 638,723 shares. The firm’s 50-day moving average price is $31.80 and its 200 day moving average price is $32.88. Antero Midstream Partners has a one year low of $27.01 and a one year high of $35.74. The company has a market cap of $5.56 billion, a PE ratio of 20.25 and a beta of 1.92.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Wednesday, November 1st will be given a $0.34 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $1.36 dividend on an annualized basis and a yield of 4.56%. This is a positive change from Antero Midstream Partners’s previous quarterly dividend of $0.32. Antero Midstream Partners’s dividend payout ratio (DPR) is currently 86.49%.

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.

Analyst Recommendations for Antero Midstream Partners (NYSE:AM)

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