Antero Midstream Partners LP (AM) Stock Rating Upgraded by Zacks Investment Research

Antero Midstream Partners LP (NYSE:AM) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors 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. “

Several other equities analysts have also issued reports on AM. BidaskClub lowered shares of Antero Midstream Partners from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Guggenheim initiated coverage on shares of Antero Midstream Partners in a report on Thursday, July 20th. They set a “buy” rating and a $37.00 target price for the company. Scotiabank set a $44.00 price target on shares of Antero Midstream Partners and gave the company a “buy” rating in a research report on Saturday, July 22nd. Stifel Nicolaus raised shares of Antero Midstream Partners from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Tuesday, August 15th. Finally, TheStreet downgraded shares of Antero Midstream Partners from a “b” rating to a “c+” rating in a research report on Tuesday, August 22nd. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Antero Midstream Partners presently has a consensus rating of “Buy” and a consensus price target of $39.25.

Antero Midstream Partners (NYSE AM) opened at 31.52 on Tuesday. The company has a market capitalization of $5.88 billion, a price-to-earnings ratio of 21.41 and a beta of 1.92. Antero Midstream Partners has a 12-month low of $27.01 and a 12-month high of $35.74. The stock has a 50 day moving average price of $31.86 and a 200 day moving average price of $32.90.

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In other Antero Midstream Partners news, major shareholder Resources Corp Antero sold 10,000,000 shares of Antero Midstream Partners stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $31.11, for a total value of $311,100,000.00. Following the completion of the sale, the insider now owns 98,870,335 shares of the company’s stock, valued at approximately $3,075,856,121.85. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 7.91% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the business. Creative Planning grew its position in Antero Midstream Partners by 29.1% in the 2nd quarter. Creative Planning now owns 13,095 shares of the pipeline company’s stock worth $434,000 after purchasing an additional 2,950 shares during the period. BB&T Securities LLC grew its position in Antero Midstream Partners by 20.7% in the 2nd quarter. BB&T Securities LLC now owns 40,454 shares of the pipeline company’s stock worth $1,342,000 after purchasing an additional 6,939 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Antero Midstream Partners by 15.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,598,201 shares of the pipeline company’s stock worth $53,028,000 after purchasing an additional 212,350 shares during the period. Bank of Montreal Can grew its position in Antero Midstream Partners by 98.7% in the 2nd quarter. Bank of Montreal Can now owns 1,111,946 shares of the pipeline company’s stock worth $36,894,000 after purchasing an additional 552,241 shares during the period. Finally, Bank of America Corp DE grew its position in Antero Midstream Partners by 39.6% in the 1st quarter. Bank of America Corp DE now owns 563,577 shares of the pipeline company’s stock worth $18,689,000 after purchasing an additional 159,856 shares during the period. 43.22% of the stock is owned by institutional investors and hedge funds.

About Antero Midstream Partners

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.

Analyst Recommendations for Antero Midstream Partners (NYSE:AM)

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