Antero Midstream GP LP (NASDAQ:AMGP)‘s stock had its “buy” rating reissued by investment analysts at Robert W. Baird in a report released on Friday. They currently have a $28.00 target price on the stock. Robert W. Baird’s price target indicates a potential upside of 52.84% from the company’s previous close.
A number of other research analysts also recently weighed in on the stock. Morgan Stanley restated an “overweight” rating on shares of Antero Midstream GP in a research report on Tuesday, September 5th. Goldman Sachs Group, Inc. (The) downgraded shares of Antero Midstream GP from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $29.00 to $23.00 in a research report on Friday, September 8th. Zacks Investment Research upgraded shares of Antero Midstream GP from a “sell” rating to a “hold” rating in a research report on Friday, September 8th. Scotiabank set a $25.00 price objective on shares of Antero Midstream GP and gave the company a “hold” rating in a research report on Friday, July 21st. Finally, Seaport Global Securities started coverage on shares of Antero Midstream GP in a research report on Tuesday, October 10th. They set a “buy” rating and a $26.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $26.25.
Shares of Antero Midstream GP (AMGP) traded down $0.83 during trading on Friday, reaching $18.32. 160,555 shares of the company were exchanged.
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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Warburg Pincus LLC purchased a new stake in shares of Antero Midstream GP in the second quarter worth $1,211,309,000. Goldman Sachs Group Inc. purchased a new stake in shares of Antero Midstream GP in the second quarter worth $126,613,000. Tortoise Capital Advisors L.L.C. purchased a new stake in shares of Antero Midstream GP in the second quarter worth $90,757,000. Jennison Associates LLC purchased a new stake in shares of Antero Midstream GP in the second quarter worth $38,645,000. Finally, Eagle Global Advisors LLC purchased a new stake in shares of Antero Midstream GP in the second quarter worth $35,061,000.
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.
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