Antero Midstream GP (NYSE:AMGP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Monday. The brokerage currently has a $23.00 target price on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 11.00% from the company’s previous close.
According to Zacks, “Antero Midstream GP LP owns, operates and develops midstream energy infrastructure. The Company’s segments include gathering and processing segment and water handling and treatment segment. It offers gathering and compressions, water distribution, clearwater facility, fractionation and pipeline safety services. Antero Midstream GP LP is based in Denver, United States. “
Other equities analysts have also recently issued research reports about the company. Goldman Sachs Group upgraded Antero Midstream GP from a “neutral” rating to a “buy” rating and set a $27.00 target price for the company in a report on Friday, January 5th. Robert W. Baird set a $36.00 target price on Antero Midstream GP and gave the stock a “buy” rating in a report on Monday, December 25th. 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 report on Wednesday, December 6th. Seaport Global Securities started coverage on Antero Midstream GP in a report on Tuesday, October 10th. They set a “buy” rating and a $26.00 target price for the company. Finally, Scotiabank reiterated a “hold” rating and set a $24.00 target price on shares of Antero Midstream GP in a report on Wednesday, October 4th. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $26.18.
Antero Midstream GP (NYSE:AMGP) last released its earnings results on Wednesday, November 1st. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.04). The firm had revenue of $19.07 million for the quarter, compared to the consensus estimate of $19.44 million. Antero Midstream GP had a return on equity of 17.95% and a net margin of 4.41%. sell-side analysts anticipate that Antero Midstream GP will post 0.18 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in AMGP. Catalyst Capital Advisors LLC grew its holdings in shares of Antero Midstream GP by 1,854.5% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 8,600 shares of the company’s stock valued at $176,000 after acquiring an additional 8,160 shares in the last quarter. BNP Paribas Arbitrage SA bought a new position in shares of Antero Midstream GP in the 3rd quarter valued at about $220,000. Wells Fargo & Company MN bought a new position in shares of Antero Midstream GP in the 2nd quarter valued at about $255,000. CNH Partners LLC bought a new position in shares of Antero Midstream GP in the 2nd quarter valued at about $319,000. Finally, JPMorgan Chase & Co. bought a new position in shares of Antero Midstream GP in the 2nd quarter valued at about $462,000. Institutional investors 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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