Antero Midstream GP (AMGP) Sees Large Volume Increase

Antero Midstream GP LP (NYSE:AMGP) saw unusually-strong trading volume on Friday . Approximately 1,176,853 shares traded hands during trading, an increase of 111% from the previous session’s volume of 559,020 shares.The stock last traded at $17.35 and had previously closed at $17.12.

A number of analysts have recently issued reports on AMGP shares. Stifel Nicolaus reissued a “buy” rating and set a $19.00 target price on shares of Antero Midstream GP in a research note on Tuesday. ValuEngine raised shares of Antero Midstream GP from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. Zacks Investment Research raised shares of Antero Midstream GP from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Finally, Wells Fargo & Co lowered their target price on shares of Antero Midstream GP from $24.00 to $23.00 and set an “outperform” rating for the company in a research note on Thursday, August 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. Antero Midstream GP currently has a consensus rating of “Hold” and a consensus target price of $22.00.

The company has a market cap of $3.16 billion, a PE ratio of 574.00 and a beta of 1.68.

Antero Midstream GP (NYSE:AMGP) last released its quarterly earnings data on Wednesday, August 1st. The company reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.06). Antero Midstream GP had a return on equity of 199.85% and a net margin of 32.91%. The business had revenue of $33.14 million during the quarter, compared to analysts’ expectations of $33.39 million. During the same period last year, the company earned ($0.01) earnings per share. The firm’s revenue was up 116.2% compared to the same quarter last year. sell-side analysts predict that Antero Midstream GP LP will post 0.53 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 22nd. Investors of record on Thursday, August 2nd were paid a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, August 1st. This is a positive change from Antero Midstream GP’s previous quarterly dividend of $0.11. This represents a $0.50 dividend on an annualized basis and a yield of 2.88%. Antero Midstream GP’s dividend payout ratio is 1,666.67%.

In related news, insider K. Phil Yoo sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $16.76, for a total value of $83,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kevin J. Kilstrom sold 50,000 shares of the company’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $18.81, for a total transaction of $940,500.00. The disclosure for this sale can be found here.

A number of large investors have recently added to or reduced their stakes in AMGP. Wells Fargo & Company MN lifted its stake in Antero Midstream GP by 21.5% in the first quarter. Wells Fargo & Company MN now owns 101,823 shares of the company’s stock worth $1,628,000 after acquiring an additional 18,026 shares during the period. Swiss National Bank lifted its stake in Antero Midstream GP by 104.1% in the first quarter. Swiss National Bank now owns 129,600 shares of the company’s stock worth $2,072,000 after acquiring an additional 66,100 shares during the period. Neuberger Berman Group LLC lifted its stake in Antero Midstream GP by 1,672.5% in the first quarter. Neuberger Berman Group LLC now owns 1,724,404 shares of the company’s stock worth $27,573,000 after acquiring an additional 1,627,120 shares during the period. Teacher Retirement System of Texas lifted its stake in Antero Midstream GP by 29.7% in the first quarter. Teacher Retirement System of Texas now owns 16,596 shares of the company’s stock worth $265,000 after acquiring an additional 3,804 shares during the period. Finally, Northern Trust Corp lifted its stake in Antero Midstream GP by 511.0% in the first quarter. Northern Trust Corp now owns 86,638 shares of the company’s stock worth $1,385,000 after acquiring an additional 72,458 shares during the period. 76.71% of the stock is owned by institutional investors.

Antero Midstream GP Company Profile (NYSE:AMGP)

Antero Midstream GP LP owns, operates, and develops midstream energy assets in the Marcellus and Utica Shales in West Virginia and Ohio. Its assets consist of gathering pipelines, compressor stations, interests in processing and fractionation plants, and water handling and treatment assets, which provide midstream services to Antero Resources Corporation under long term fixed fee contracts.

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