Rating Summary: Antero Midstream Partners (NYSE:AM) Is Reaching An Inflection Point; Ladenburg Thalmann Starts At Buy

November 30, 2016 - By Marie Mckinney

Rating Summary: Antero Midstream Partners (NYSE:AM) Is Reaching An Inflection Point; Ladenburg Thalmann Starts At Buy

How Ladenburg Thalmann Rates Antero Midstream Partners (NYSE:AM)

Equity research analysts at Ladenburg Thalmann has started coverage on Antero Midstream Partners (NYSE:AM) with Buy rating. This was made public in a report on Wednesday morning.

Antero Midstream Partners LP (NYSE:AM) Ratings Coverage

Out of 11 analysts covering Antero Midstream Partners LP (NYSE:AM), 10 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 91% are positive. $37 is the highest target while $19 is the lowest. The $30.25 average target is 6.21% above today’s ($28.48) stock price. Antero Midstream Partners LP has been the topic of 20 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Tudor Pickering upgraded Antero Midstream Partners LP (NYSE:AM) on Friday, September 9 to “Buy” rating. Stifel Nicolaus upgraded the stock to “Buy” rating in Thursday, June 16 report. Stifel Nicolaus downgraded Antero Midstream Partners LP (NYSE:AM) rating on Friday, October 28. Stifel Nicolaus has “Hold” rating and $31 price target. DA Davidson initiated the shares of AM in a report on Thursday, July 23 with “Buy” rating. Robert W. Baird upgraded the shares of AM in a report on Thursday, June 9 to “Outperform” rating. On Friday, July 31 the stock rating was downgraded by Credit Suisse to “Neutral”. Robert W. Baird downgraded the shares of AM in a report on Monday, February 8 to “Neutral” rating. Credit Suisse downgraded the shares of AM in a report on Thursday, March 17 to “Neutral” rating. Credit Suisse upgraded the stock to “Outperform” rating in Friday, April 29 report. The firm has “Buy” rating given on Tuesday, February 9 by Janney Capital.

About 52,810 shares traded hands. Antero Midstream Partners LP (NYSE:AM) has risen 12.79% since April 27, 2016 and is uptrending. It has outperformed by 7.57% the S&P500.

Analysts await Antero Midstream Partners LP (NYSE:AM) to report earnings on February, 22. They expect $0.36 EPS, up 33.33% or $0.09 from last year’s $0.27 per share. AM’s profit will be $61.56M for 19.78 P/E if the $0.36 EPS becomes a reality. After $0.37 actual EPS reported by Antero Midstream Partners LP for the previous quarter, Wall Street now forecasts -2.70% negative EPS growth.

Insitutional Activity: The institutional sentiment increased to 2.04 in Q2 2016. Its up 0.46, from 1.58 in 2016Q1. The ratio increased, as 12 funds sold all Antero Midstream Partners LP shares owned while 19 reduced positions. 17 funds bought stakes while 32 increased positions. They now own 62.81 million shares or 6.04% less from 66.84 million shares in 2016Q1.

The Texas-based Petrus Tru Lta has invested 0.19% in Antero Midstream Partners LP (NYSE:AM). Van Eck Associates Corp holds 40,859 shares or 0.01% of its portfolio. Deutsche Savings Bank Ag accumulated 424,579 shares or 0.01% of the stock. Commonwealth Of Pennsylvania Public School Empls Retrmt holds 0.61% or 1.20M shares in its portfolio. Ladenburg Thalmann Financial Inc reported 9,681 shares or 0% of all its holdings. Morgan Stanley, a New York-based fund reported 6.65 million shares. Liberty Mutual Group Asset Management holds 0.16% or 159,520 shares in its portfolio. Pinnacle Limited Liability has 103,700 shares for 0% of their US portfolio. Goldman Sachs Group holds 0.1% or 11.14 million shares in its portfolio. Raymond James Fin Services Inc last reported 0.01% of its portfolio in the stock. Alps Advsrs holds 1.03% of its portfolio in Antero Midstream Partners LP (NYSE:AM) for 4.18 million shares. Driehaus Capital Mgmt Limited Co last reported 108,458 shares in the company. Tealwood Asset Inc reported 81,470 shares or 1.02% of all its holdings. Williams Jones And Assoc Ltd reported 19,425 shares or 0.02% of all its holdings. Creative Planning last reported 392 shares in the company.

Antero Midstream Partners LP is a limited partnership formed by Antero Resources Corporation to own, operate and develop midstream energy assets to service Antero’s production. The company has a market cap of $4.87 billion. The Firm operates in two divisions: gathering and compression, and water handling and treatment. It has a 24.87 P/E ratio. The gathering and compression segment includes a network of gathering pipelines and compressor stations that collect natural gas, natural gas liquids (NGLs) and oil from Antero’s wells in the Marcellus Shale in West Virginia and the Utica Shale in Ohio.

According to Zacks Investment Research, “Antero Midstream Partners LP is formed to own, operate and develop midstream energy properties. The Company’s assets consist of gathering pipelines, compressor stations and fresh water distribution systems. Its Gathering and Compression segment collects and transports natural gas through a network of gathering pipelines and compressor stations. The Fresh Water Distribution segment sources and delivers fresh water for the well completion operations through two independent fresh water distribution systems. Its projects are located in the southwestern core of the Marcellus Shale in northwest West Virginia and the Utica Shale in southern Ohio. Antero Midstream Partners LP is based in Denver, Colorado.”

AM Company Profile

Antero Midstream Partners LP, incorporated on October 23, 2013, is a limited partnership formed by Antero Resources Corporation (Antero) to own, operate and develop midstream energy assets to service Antero’s production. The Company’s activities are located in the United States and are organized into two divisions: gathering and compression, and water handling and treatment. The gathering and compression segment includes a network of gathering pipelines and compressor stations that collect natural gas, natural gas liquids (NGLs) and oil from Antero’s wells in the Marcellus Shale in West Virginia and the Utica Shale in Ohio. The Company’s water handling and treatment segment includes over two independent fresh water distribution systems that source and deliver fresh water from the Ohio River, several regional waterways, and waste water services for well completion activities in Antero’s operating areas. These fresh water systems consist of permanent buried pipelines, surface pipelines and fresh water storage facilitates, as well as pumping stations and impoundments to transport the fresh water throughout the pipelines. The waste water services consist of waste water transportation, disposal, and treatment, including a water treatment facility, which is under construction.

More notable recent Antero Midstream Partners LP (NYSE:AM) news were published by: Marketwatch.com which released: “Antero Midstream agrees to buy Antero Resources water business in $1.05 bln deal” on December 21, 2009, also Fool.com with their article: “Secondary Offering Sends Antero Midstream Partners LP Plunging Today” published on March 24, 2016, Quotes.Wsj.com published: “DOW JONES, A NEWS CORP COMPANY” on February 13, 2011. More interesting news about Antero Midstream Partners LP (NYSE:AM) were released by: Nasdaq.com and their article: “Antero Midstream Partners LP (AM) Ex-Dividend Date Scheduled for November 08, 2016” published on November 07, 2016 as well as Prnewswire.com‘s news article titled: “Antero Midstream Partners LP Announces 2016 Capital Budget and Guidance” with publication date: February 17, 2016.

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