Brokerages Set Antero Midstream GP LP (AMGP) Price Target at $26.13

Shares of Antero Midstream GP LP (NASDAQ:AMGP) have been assigned a consensus rating of “Buy” from the seventeen research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $26.13.

A number of equities analysts recently issued reports on the company. Stifel Nicolaus set a $24.00 price target on Antero Midstream GP and gave the company a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research downgraded Antero Midstream GP from a “hold” rating to a “sell” rating in a report on Monday, August 7th. Scotiabank reaffirmed a “hold” rating and issued a $24.00 price target on shares of Antero Midstream GP in a report on Wednesday, October 4th. Seaport Global Securities assumed coverage on Antero Midstream GP in a report on Tuesday, October 10th. They issued a “buy” rating and a $26.00 price target for the company. Finally, Goldman Sachs Group, Inc. (The) downgraded Antero Midstream GP from a “buy” rating to a “neutral” rating and lowered their price target for the company from $29.00 to $23.00 in a report on Friday, September 8th.

TRADEMARK VIOLATION WARNING: “Brokerages Set Antero Midstream GP LP (AMGP) Price Target at $26.13” was originally posted by Community Financial News and is owned by of Community Financial News. If you are accessing this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright laws. The legal version of this article can be read at https://www.com-unik.info/2017/11/01/brokerages-set-antero-midstream-gp-lp-amgp-price-target-at-26-13.html.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 23rd. Stockholders of record on Wednesday, November 1st will be issued a $0.059 dividend. This is an increase from Antero Midstream GP’s previous quarterly dividend of $0.03. This represents a $0.24 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Tuesday, October 31st.

Several hedge funds have recently bought and sold shares of AMGP. Botty Investors LLC acquired a new stake in shares of Antero Midstream GP in the second quarter valued at approximately $101,000. Wells Fargo & Company MN acquired a new stake in shares of Antero Midstream GP in the second quarter valued at approximately $255,000. Diversified Trust Co acquired a new stake in shares of Antero Midstream GP in the second quarter valued at approximately $259,000. CNH Partners LLC acquired a new stake in shares of Antero Midstream GP in the second quarter valued at approximately $319,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Antero Midstream GP in the second quarter valued at approximately $462,000.

About Antero Midstream GP

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.

Analyst Recommendations for Antero Midstream GP (NASDAQ:AMGP)

What are top analysts saying about Antero Midstream GP LP? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Antero Midstream GP LP and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit