Antero Midstream GP (AMGP) Now Covered by Analysts at Credit Suisse Group

Investment analysts at Credit Suisse Group assumed coverage on shares of Antero Midstream GP (NYSE:AMGP) in a research note issued to investors on Thursday. The brokerage set a “neutral” rating and a $21.00 price target on the stock. Credit Suisse Group’s price objective points to a potential upside of 0.33% from the company’s current price.

A number of other analysts have also weighed in on the company. Wells Fargo & Co upgraded Antero Midstream GP from a “market perform” rating to an “outperform” rating in a research note on Monday, November 6th. Morgan Stanley restated an “overweight” rating on shares of Antero Midstream GP in a research note on Friday, November 17th. Citigroup upgraded Antero Midstream GP from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Wednesday, December 6th. Goldman Sachs Group lowered Antero Midstream GP from a “buy” rating to a “neutral” rating and lowered their target price for the company from $29.00 to $23.00 in a research note on Friday, September 8th. Finally, Zacks Investment Research lowered Antero Midstream GP from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Three analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $26.38.

Shares of Antero Midstream GP (AMGP) traded down $0.07 during trading hours on Thursday, hitting $20.93. The stock had a trading volume of 1,456,000 shares, compared to its average volume of 1,970,100. Antero Midstream GP has a 52 week low of $16.62 and a 52 week high of $22.87.

Antero Midstream GP (NYSE:AMGP) last announced its earnings results on Wednesday, November 1st. The company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.04). Antero Midstream GP had a net margin of 4.41% and a return on equity of 17.95%. The business had revenue of $19.07 million during the quarter, compared to analyst estimates of $19.44 million. sell-side analysts predict that Antero Midstream GP will post 0.18 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the stock. Catalyst Capital Advisors LLC boosted its holdings in Antero Midstream GP by 1,854.5% during the third quarter. Catalyst Capital Advisors LLC now owns 8,600 shares of the company’s stock worth $176,000 after buying an additional 8,160 shares during the last quarter. BNP Paribas Arbitrage SA bought a new position in Antero Midstream GP during the third quarter worth about $220,000. Wells Fargo & Company MN bought a new position in Antero Midstream GP during the second quarter worth about $255,000. CNH Partners LLC bought a new position in Antero Midstream GP during the second quarter worth about $319,000. Finally, JPMorgan Chase & Co. bought a new position in Antero Midstream GP during the second quarter worth about $462,000. Institutional investors and hedge funds own 64.73% of the company’s stock.

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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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