ValuEngine Lowers Antero Midstream Partners (AM) to Hold

ValuEngine lowered shares of Antero Midstream Partners (NYSE:AM) from a buy rating to a hold rating in a report published on Wednesday.

Several other equities research analysts have also recently issued reports on AM. Barclays lowered their price objective on shares of Antero Midstream Partners from $35.00 to $33.00 and set an overweight rating for the company in a research report on Wednesday, July 11th. Citigroup boosted their price objective on shares of Antero Midstream Partners from $33.00 to $35.50 and gave the company a buy rating in a research report on Tuesday, July 31st. Stifel Nicolaus cut shares of Antero Midstream Partners from a buy rating to a hold rating and lowered their price objective for the company from $37.00 to $35.00 in a research report on Thursday, August 2nd. Wells Fargo & Co boosted their price objective on shares of Antero Midstream Partners from $36.00 to $38.00 and gave the company an outperform rating in a research report on Thursday, August 9th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Antero Midstream Partners from $24.00 to $25.00 and gave the company a neutral rating in a research report on Friday, August 10th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $34.15.

Shares of AM stock traded up $0.09 during trading hours on Wednesday, reaching $28.28. 394,326 shares of the stock were exchanged, compared to its average volume of 728,137. Antero Midstream Partners has a 12-month low of $24.20 and a 12-month high of $34.53. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.97. The stock has a market cap of $5.32 billion, a PE ratio of 20.20 and a beta of 1.46.

Antero Midstream Partners (NYSE:AM) last released its quarterly earnings data on Wednesday, October 31st. The pipeline company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. The company had revenue of $266.21 million during the quarter, compared to analysts’ expectations of $247.91 million. Antero Midstream Partners had a net margin of 32.54% and a return on equity of 21.74%. Sell-side analysts forecast that Antero Midstream Partners will post 1.69 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 16th. Stockholders of record on Friday, November 2nd will be issued a $0.44 dividend. The ex-dividend date is Thursday, November 1st. This represents a $1.76 annualized dividend and a dividend yield of 6.22%. This is a positive change from Antero Midstream Partners’s previous quarterly dividend of $0.42. Antero Midstream Partners’s payout ratio is currently 125.71%.

Several large investors have recently bought and sold shares of the company. Tortoise Capital Advisors L.L.C. raised its holdings in shares of Antero Midstream Partners by 22.3% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 12,811,090 shares of the pipeline company’s stock valued at $367,166,000 after purchasing an additional 2,333,845 shares in the last quarter. Alps Advisors Inc. raised its holdings in shares of Antero Midstream Partners by 6.2% in the 3rd quarter. Alps Advisors Inc. now owns 7,746,014 shares of the pipeline company’s stock valued at $222,001,000 after purchasing an additional 451,249 shares in the last quarter. Chickasaw Capital Management LLC raised its holdings in shares of Antero Midstream Partners by 6.3% in the 2nd quarter. Chickasaw Capital Management LLC now owns 5,175,818 shares of the pipeline company’s stock valued at $152,790,000 after purchasing an additional 306,801 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Antero Midstream Partners by 5.0% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,013,334 shares of the pipeline company’s stock valued at $57,702,000 after purchasing an additional 95,379 shares in the last quarter. Finally, Eagle Global Advisors LLC raised its holdings in shares of Antero Midstream Partners by 37.4% in the 2nd quarter. Eagle Global Advisors LLC now owns 1,728,883 shares of the pipeline company’s stock valued at $51,037,000 after purchasing an additional 471,034 shares in the last quarter. Institutional investors and hedge funds own 47.49% of the company’s stock.

About Antero Midstream Partners

Antero Midstream Partners LP owns, operates, and develops midstream energy assets. The company operates in two segments, Gathering and Processing, and Water Handling and Treatment. Its assets include 8-, 12-, 16-, 20-, 24-, and 30-inch high and low pressure gathering pipelines, compressor stations, and processing and fractionation plants that collect and process natural gas, natural gas liquids, and crude oil from wells in the Marcellus Shale in West Virginia and the Utica Shale in Ohio; and water handling and treatment assets, which comprise two independent fresh water delivery systems that deliver fresh water from the Ohio River and several regional waterways, as well as wastewater handling services for well completion operations.

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Analyst Recommendations for Antero Midstream Partners (NYSE:AM)

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