Zacks Investment Research downgraded shares of ANTERO MIDSTR (NYSE:AMGP) from a hold rating to a sell rating in a research report released on Wednesday morning.
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 research firms have also recently weighed in on AMGP. Scotiabank set a $25.00 price objective on ANTERO MIDSTR and gave the company a hold rating in a research report on Friday, July 21st. Stifel Nicolaus raised ANTERO MIDSTR from a hold rating to a buy rating and set a $23.00 price objective on the stock in a research report on Monday, August 14th. They noted that the move was a valuation call. Seaport Global Securities initiated coverage on ANTERO MIDSTR in a research report on Tuesday, October 10th. They set a buy rating and a $26.00 price objective on the stock. Wells Fargo & Company raised ANTERO MIDSTR from a market perform rating to an outperform rating in a research report on Monday, November 6th. Finally, Goldman Sachs Group, Inc. (The) cut ANTERO MIDSTR from a buy rating to a neutral rating and dropped their price target for the stock from $29.00 to $23.00 in a research report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. ANTERO MIDSTR has a consensus rating of Buy and a consensus target price of $26.25.
ANTERO MIDSTR (NYSE:AMGP) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.04). The firm 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%. equities analysts forecast that ANTERO MIDSTR will post 0.18 EPS for the current year.
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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 23rd. Investors of record on Wednesday, November 1st will be issued a $0.059 dividend. This is a positive change from ANTERO MIDSTR’s previous quarterly dividend of $0.03. This represents a $0.24 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Tuesday, October 31st.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Yale University raised its holdings in ANTERO MIDSTR by 3.9% in the 3rd quarter. Yale University now owns 5,769,780 shares of the company’s stock worth $118,107,000 after acquiring an additional 216,144 shares during the last quarter. Tortoise Capital Advisors L.L.C. raised its holdings in ANTERO MIDSTR by 4.2% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 4,302,725 shares of the company’s stock worth $88,077,000 after acquiring an additional 173,650 shares during the last quarter. Alyeska Investment Group L.P. raised its holdings 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 worth $36,846,000 after acquiring 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 worth $64,176,000 after acquiring an additional 1,163,246 shares during the last quarter. Finally, 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 worth $1,296,000 after acquiring an additional 40,738 shares during the last quarter. Institutional investors own 62.79% of the company’s stock.
ANTERO MIDSTR Company Profile
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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