November 30, 2016 - By Clifton Ray
The firm Ladenburg Thalmann has has started coverage on Antero Midstream Partners LP (NYSE:AM)‘s stock, rating it a “Buy” while setting the target price at $35.00.
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 5.92% above today’s ($28.56) stock price. Antero Midstream Partners LP has been the topic of 20 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was initiated by DA Davidson on Thursday, July 23 with “Buy”. The company was downgraded on Monday, February 8 by Robert W. Baird. The company was initiated on Tuesday, February 9 by Janney Capital. The firm has “Neutral” rating given on Friday, July 31 by Credit Suisse. The rating was downgraded by Credit Suisse to “Neutral” on Thursday, March 17. The firm has “Outperform” rating by Robert W. Baird given on Thursday, June 9. On Thursday, March 17 the stock rating was initiated by Stifel Nicolaus with “Hold”. As per Wednesday, October 5, the company rating was upgraded by Wells Fargo. Tudor Pickering upgraded Antero Midstream Partners LP (NYSE:AM) on Friday, September 9 to “Buy” rating. Stifel Nicolaus downgraded the stock to “Hold” rating in Friday, October 28 report.
About 185,050 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 $61.51 million for 19.83 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 is positive, 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 Ontario – Canada-based Comml Bank Of Montreal Can has invested 0% in Antero Midstream Partners LP (NYSE:AM). Glenmede Tru Na last reported 59,875 shares in the company. Virtu Lc has invested 0.09% of its portfolio in Antero Midstream Partners LP (NYSE:AM). Cushing Asset Management Ltd Partnership holds 840,611 shares or 0.83% of its portfolio. Williams Jones And Associates Limited Liability has 19,425 shares for 0.02% of their US portfolio. Kayne Anderson Advsr L P holds 0.09% or 300,000 shares in its portfolio. Chickasaw Cap Ltd Liability Corporation has 3.06% invested in the company for 4.46 million shares. Country Club Tru Na holds 0.05% or 11,986 shares in its portfolio. Mariner Wealth Ltd Company, a Kansas-based fund reported 15,150 shares. Morgan Stanley owns 6.65 million shares or 0.07% of their US portfolio. Jennison Assoc Ltd has 203,847 shares for 0.01% of their US portfolio. Atlantic Trust Gru Limited Liability Corporation holds 0.2% or 969,660 shares in its portfolio. Wellington Mgmt Llp reported 37,320 shares or 0% of all its holdings. Van Eck Associate has 40,859 shares for 0.01% of their US portfolio. The Illinois-based Guggenheim Ltd Company has invested 0% in Antero Midstream Partners LP (NYSE:AM).
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 $4.88 billion. The Firm operates in two divisions: gathering and compression, and water handling and treatment. It has a 24.94 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.”
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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By Clifton Ray