Antero Midstream GP LP (NYSE:AMGP) was the recipient of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 731,523 shares, a drop of 56.8% from the January 12th total of 1,693,753 shares. Based on an average daily trading volume, of 743,506 shares, the short-interest ratio is presently 1.0 days. Currently, 1.0% of the shares of the company are short sold.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC grew its holdings 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 purchasing an additional 8,160 shares in the last quarter. BNP Paribas Arbitrage SA acquired a new stake in shares of Antero Midstream GP during the 3rd quarter worth $220,000. Teacher Retirement System of Texas acquired a new stake in shares of Antero Midstream GP during the 4th quarter worth $252,000. Wells Fargo & Company MN acquired a new stake in shares of Antero Midstream GP during the 2nd quarter worth $255,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of Antero Midstream GP during the 4th quarter worth $265,000. 64.90% of the stock is currently owned by institutional investors.
Several research firms have weighed in on AMGP. Zacks Investment Research upgraded Antero Midstream GP from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Friday, January 26th. Credit Suisse Group began coverage on Antero Midstream GP in a research report on Thursday, January 4th. They set a “neutral” rating and a $21.00 price objective on the stock. Barclays cut Antero Midstream GP from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $26.00 to $23.00 in a research report on Wednesday, January 17th. Goldman Sachs Group upgraded Antero Midstream GP from a “neutral” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Friday, January 5th. Finally, ValuEngine cut Antero Midstream GP from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Antero Midstream GP has a consensus rating of “Buy” and a consensus target price of $26.12.
Antero Midstream GP (NYSE:AMGP) last released its earnings results on Tuesday, February 13th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.05). Antero Midstream GP had a return on equity of 17.95% and a net margin of 4.41%. research analysts predict that Antero Midstream GP will post 0.21 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Thursday, February 1st will be issued a dividend of $0.075 per share. This is a positive change from Antero Midstream GP’s previous quarterly dividend of $0.06. This represents a $0.30 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Wednesday, January 31st.
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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.
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