Goldman Sachs Group, Inc. (The) Lowers Antero Midstream GP LP (AMGP) to Neutral

Goldman Sachs Group, Inc. (The) lowered shares of Antero Midstream GP LP (NASDAQ:AMGP) from a buy rating to a neutral rating in a report published on Friday morning, MarketBeat.com reports. Goldman Sachs Group, Inc. (The) currently has $23.00 target price on the stock, down from their previous target price of $29.00.

AMGP has been the subject of several other research reports. Stifel Nicolaus began coverage on Antero Midstream GP in a research report on Tuesday, May 30th. They set a hold rating and a $24.00 target price for the company. Morgan Stanley reiterated an overweight rating on shares of Antero Midstream GP in a research report on Tuesday, September 5th. Wells Fargo & Company began coverage on Antero Midstream GP in a research report on Tuesday, May 30th. They set a market perform rating and a $23.00 target price for the company. Robert W. Baird set a $28.00 target price on Antero Midstream GP and gave the stock a buy rating in a research report on Friday, June 16th. Finally, Credit Suisse Group began coverage on Antero Midstream GP in a research report on Tuesday, May 30th. They set an outperform rating and a $28.00 target price for the company. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $26.33.

Shares of Antero Midstream GP (NASDAQ:AMGP) opened at 19.23 on Friday. Antero Midstream GP has a 12 month low of $17.66 and a 12 month high of $22.87. The company has a market cap of $3.58 billion and a P/E ratio of 663.10. The stock’s 50 day moving average price is $19.53 and its 200-day moving average price is $20.93.

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The company also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Thursday, August 3rd were paid a dividend of $0.027 per share. This represents a $0.11 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Tuesday, August 1st.

A number of institutional investors have recently made changes to their positions in AMGP. Warburg Pincus LLC bought a new position in Antero Midstream GP during the second quarter valued at approximately $1,211,309,000. Goldman Sachs Group Inc. bought a new position in Antero Midstream GP during the second quarter valued at approximately $126,613,000. Tortoise Capital Advisors L.L.C. bought a new position in Antero Midstream GP during the second quarter valued at approximately $90,757,000. Jennison Associates LLC bought a new position in Antero Midstream GP during the second quarter valued at approximately $38,645,000. Finally, Eagle Global Advisors LLC bought a new position in Antero Midstream GP during the second quarter valued at approximately $35,061,000.

Antero Midstream GP Company Profile

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.

Analyst Recommendations for Antero Midstream GP (NASDAQ:AMGP)

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