Antero Midstr (AMGP) Rating Lowered to Sell at Zacks Investment Research

Antero Midstr (NYSE:AMGP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday.

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. “



Several other analysts have also recently commented on AMGP. Scotiabank set a $25.00 target price on shares of Antero Midstr and gave the company a “hold” rating in a research report on Friday, July 21st. Stifel Nicolaus set a $24.00 target price on shares of Antero Midstr and gave the company a “hold” rating in a research report on Thursday, August 3rd. Morgan Stanley restated an “overweight” rating on shares of Antero Midstr in a research report on Tuesday, September 5th. The Goldman Sachs Group, Inc. cut shares of Antero Midstr from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $29.00 to $23.00 in a research report on Friday, September 8th. Finally, Seaport Global Securities began coverage on shares of Antero Midstr in a research report on Tuesday, October 10th. They issued a “buy” rating and a $26.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Antero Midstr currently has a consensus rating of “Buy” and a consensus price target of $26.25.

Antero Midstr (NYSE AMGP) traded down $0.23 during mid-day trading on Wednesday, reaching $17.00. 314,100 shares of the company traded hands, compared to its average volume of 437,076. Antero Midstr has a 1 year low of $16.62 and a 1 year high of $22.87.

Antero Midstr (NYSE:AMGP) last issued its earnings results on Wednesday, November 1st. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.04). The business had revenue of $19.07 million for the quarter, compared to the consensus estimate of $19.44 million. Antero Midstr had a net margin of 4.41% and a return on equity of 17.95%. analysts expect that Antero Midstr will post 0.18 earnings per share for the current fiscal year.

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A number of large investors have recently modified their holdings of the stock. Alyeska Investment Group L.P. lifted its stake in Antero Midstr by 56.5% in the 3rd quarter. Alyeska Investment Group L.P. now owns 1,800,000 shares of the company’s stock valued at $36,846,000 after purchasing an additional 650,000 shares during the last quarter. Cohen & Steers Inc. raised its holdings in Antero Midstr by 59.0% in the 3rd quarter. Cohen & Steers Inc. now owns 3,135,115 shares of the company’s stock valued at $64,176,000 after acquiring an additional 1,163,246 shares during the period. AMP Capital Investors Ltd raised its holdings in Antero Midstr by 180.4% in the 3rd quarter. AMP Capital Investors Ltd now owns 63,314 shares of the company’s stock valued at $1,296,000 after acquiring an additional 40,738 shares during the period. Franklin Square Holdings L.P. raised its holdings in Antero Midstr by 128.6% in the 3rd quarter. Franklin Square Holdings L.P. now owns 25,150 shares of the company’s stock valued at $515,000 after acquiring an additional 14,150 shares during the period. Finally, Artisan Partners Limited Partnership raised its holdings in Antero Midstr by 34.3% in the 3rd quarter. Artisan Partners Limited Partnership now owns 758,750 shares of the company’s stock valued at $15,532,000 after acquiring an additional 193,905 shares during the period. Institutional investors and hedge funds own 62.79% of the company’s stock.

About Antero Midstr

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.

Analyst Recommendations for Antero Midstr (NYSE:AMGP)

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