Antero Midstream Partners (AM) Rating Lowered to Sell at Zacks Investment Research

Antero Midstream Partners (NYSE:AM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.

According to Zacks, “Antero Midstream Partners LP is formed to own, operate and develop midstream energy properties. The Company’s assets consist of gathering pipelines, compressor stations and fresh water distribution systems. Its Gathering and Compression segment collects and transports natural gas through a network of gathering pipelines and compressor stations. The Fresh Water Distribution segment sources and delivers fresh water for the well completion operations through two independent fresh water distribution systems. Its projects are located in the southwestern core of the Marcellus Shale in northwest West Virginia and the Utica Shale in southern Ohio. Antero Midstream Partners LP is based in Denver, Colorado. “

Other research analysts also recently issued research reports about the stock. TheStreet raised shares of Antero Midstream Partners from a “c” rating to a “b” rating in a research note on Monday, November 6th. Credit Suisse Group assumed coverage on shares of Antero Midstream Partners in a research note on Friday, January 5th. They issued an “outperform” rating and a $35.00 price target on the stock. Mitsubishi UFJ Financial Group reaffirmed an “overweight” rating on shares of Antero Midstream Partners in a research note on Friday, November 3rd. Robert W. Baird set a $42.00 price target on shares of Antero Midstream Partners and gave the stock a “buy” rating in a research note on Thursday, October 12th. Finally, Seaport Global Securities assumed coverage on shares of Antero Midstream Partners in a research note on Tuesday, October 10th. They issued a “buy” rating and a $44.00 price target on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company’s stock. Antero Midstream Partners currently has an average rating of “Buy” and an average target price of $38.27.

Antero Midstream Partners (NYSE:AM) traded up $0.11 during mid-day trading on Tuesday, reaching $31.04. 1,140,000 shares of the company traded hands, compared to its average volume of 599,596. The stock has a market cap of $5,790.00, a P/E ratio of 21.71, a PEG ratio of 0.86 and a beta of 1.79. Antero Midstream Partners has a 52 week low of $25.71 and a 52 week high of $35.74. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.70.

A number of institutional investors have recently modified their holdings of AM. Keybank National Association OH grew its holdings in Antero Midstream Partners by 4.8% during the 2nd quarter. Keybank National Association OH now owns 7,790 shares of the pipeline company’s stock worth $258,000 after acquiring an additional 360 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Antero Midstream Partners by 23.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 16,857 shares of the pipeline company’s stock worth $559,000 after acquiring an additional 3,226 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Antero Midstream Partners by 5.9% during the 2nd quarter. Alliancebernstein L.P. now owns 15,892 shares of the pipeline company’s stock worth $527,000 after acquiring an additional 890 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Antero Midstream Partners by 11.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 16,209 shares of the pipeline company’s stock worth $538,000 after acquiring an additional 1,612 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Antero Midstream Partners by 5.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 75,885 shares of the pipeline company’s stock worth $2,517,000 after acquiring an additional 3,928 shares in the last quarter. Institutional investors own 49.36% of the company’s stock.

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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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