Antero Midstream Partners LP (NYSE:AM) has been given a $44.00 target price by analysts at Scotiabank in a report released on Saturday, July 22nd. The brokerage currently has a “buy” rating on the pipeline company’s stock. Scotiabank’s target price would suggest a potential upside of 40.53% from the stock’s previous close.
Other equities analysts have also issued research reports about the company. Citigroup Inc. restated a “buy” rating and set a $41.00 price target on shares of Antero Midstream Partners in a research note on Wednesday, May 31st. Zacks Investment Research upgraded Antero Midstream Partners from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. Capital One Financial Corporation initiated coverage on Antero Midstream Partners in a research note on Thursday, March 30th. They set an “overweight” rating on the stock. BidaskClub lowered Antero Midstream Partners from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, 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 target on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $38.18.
Shares of Antero Midstream Partners (NYSE AM) traded down 0.29% during midday trading on Friday, reaching $31.31. 175,936 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $33.33 and its 200 day moving average price is $33.67. The firm has a market capitalization of $5.84 billion, a PE ratio of 21.27 and a beta of 1.96. Antero Midstream Partners has a one year low of $24.61 and a one year high of $35.74.
Antero Midstream Partners Company Profile
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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