Antero Midstream GP (AMGP) Cut to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of Antero Midstream GP (NYSE:AMGP) from a buy rating to a hold rating in a report issued on Wednesday morning.

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. “

A number of other analysts have also recently commented on the stock. Goldman Sachs Group upgraded shares of Antero Midstream GP from a neutral rating to a buy rating and set a $27.00 price target for the company in a research note on Friday, January 5th. Credit Suisse Group began coverage on shares of Antero Midstream GP in a research note on Thursday, January 4th. They issued a neutral rating and a $21.00 price target for the company. Robert W. Baird set a $36.00 price target on shares of Antero Midstream GP and gave the company a buy rating in a research note on Monday, December 25th. Citigroup upgraded shares of Antero Midstream GP from a neutral rating to a buy rating and set a $21.00 price target for the company in a research note on Wednesday, December 6th. Finally, Morgan Stanley reiterated an overweight rating on shares of Antero Midstream GP in a research note on Friday, November 17th. Three research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $26.18.

Shares of Antero Midstream GP (NYSE AMGP) traded up $0.09 during mid-day trading on Wednesday, reaching $21.04. 798,455 shares of the company’s stock were exchanged, compared to its average volume of 1,486,464. Antero Midstream GP has a 12-month low of $16.62 and a 12-month high of $22.87.

Antero Midstream GP (NYSE:AMGP) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04). The firm had revenue of $19.07 million during the quarter, compared to analyst estimates of $19.44 million. Antero Midstream GP had a net margin of 4.41% and a return on equity of 17.95%. equities research analysts expect that Antero Midstream GP will post 0.18 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Catalyst Capital Advisors LLC lifted its stake in shares of Antero Midstream GP by 1,854.5% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 8,600 shares of the company’s stock worth $176,000 after buying an additional 8,160 shares during the last quarter. BNP Paribas Arbitrage SA acquired a new stake in shares of Antero Midstream GP during the 3rd quarter worth about $220,000. Wells Fargo & Company MN acquired a new stake in shares of Antero Midstream GP during the 2nd quarter worth about $255,000. CNH Partners LLC acquired a new stake in shares of Antero Midstream GP during the 2nd quarter worth about $319,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Antero Midstream GP during the 2nd quarter worth 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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