Antero Midstream Partners LP (AM) Rating Increased to Buy at Stifel Nicolaus

Antero Midstream Partners LP (NYSE:AM) was upgraded by equities researchers at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The firm currently has a $23.00 target price on the pipeline company’s stock. Stifel Nicolaus’ target price points to a potential downside of 27.56% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on AM. Scotiabank set a $44.00 price objective on Antero Midstream Partners and gave the stock a “buy” rating in a research note on Monday, May 22nd. Goldman Sachs Group, Inc. (The) initiated coverage on Antero Midstream Partners in a research note on Monday, May 29th. They set a “buy” rating and a $45.00 price objective for the company. Mitsubishi UFJ Financial Group initiated coverage on Antero Midstream Partners in a research note on Monday, May 29th. They set a “buy” rating and a $30.00 price objective for the company. Credit Suisse Group initiated coverage on Antero Midstream Partners in a research note on Tuesday, May 30th. They set an “outperform” rating and a $44.00 price objective for the company. Finally, Morgan Stanley restated an “overweight” rating and set a $40.00 price objective on shares of Antero Midstream Partners in a research note on Tuesday, May 30th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $38.18.

Antero Midstream Partners (NYSE AM) opened at 31.75 on Tuesday. Antero Midstream Partners has a 12 month low of $24.61 and a 12 month high of $35.74. The firm’s 50-day moving average is $33.40 and its 200-day moving average is $33.70. The company has a market capitalization of $5.92 billion, a PE ratio of 21.57 and a beta of 1.96.

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A number of hedge funds and other institutional investors have recently made changes to their positions in AM. Tortoise Capital Advisors L.L.C. raised its position in shares of Antero Midstream Partners by 2.4% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 8,890,510 shares of the pipeline company’s stock valued at $294,987,000 after buying an additional 212,003 shares in the last quarter. Alps Advisors Inc. raised its position in shares of Antero Midstream Partners by 3.6% in the second quarter. Alps Advisors Inc. now owns 5,631,289 shares of the pipeline company’s stock valued at $186,846,000 after buying an additional 197,826 shares in the last quarter. Neuberger Berman Group LLC raised its position in shares of Antero Midstream Partners by 1.1% in the second quarter. Neuberger Berman Group LLC now owns 5,358,560 shares of the pipeline company’s stock valued at $177,797,000 after buying an additional 56,646 shares in the last quarter. Chickasaw Capital Management LLC raised its position in shares of Antero Midstream Partners by 1.0% in the first quarter. Chickasaw Capital Management LLC now owns 4,809,156 shares of the pipeline company’s stock valued at $159,472,000 after buying an additional 45,613 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP raised its position in shares of Antero Midstream Partners by 30.7% in the first quarter. Kayne Anderson Capital Advisors LP now owns 2,969,700 shares of the pipeline company’s stock valued at $98,460,000 after buying an additional 697,000 shares in the last quarter. 46.80% of the stock is currently owned by institutional investors.

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.

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