Antero Midstream GP (AMGP) Reaches New 1-Year Low at $14.00

Antero Midstream GP LP (NYSE:AMGP)’s share price hit a new 52-week low during trading on Friday . The company traded as low as $14.00 and last traded at $14.12, with a volume of 1126858 shares trading hands. The stock had previously closed at $14.24.

A number of equities analysts have recently commented on the stock. Credit Suisse Group assumed coverage on shares of Antero Midstream GP in a research note on Thursday, October 11th. They issued a “neutral” rating and a $20.00 target price on the stock. Stifel Nicolaus raised shares of Antero Midstream GP to a “buy” rating and set a $35.00 target price on the stock in a research note on Monday, August 27th. Barclays cut their target price on shares of Antero Midstream GP from $23.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Friday, October 12th. ValuEngine raised shares of Antero Midstream GP from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd. Finally, Zacks Investment Research raised shares of Antero Midstream GP from a “sell” rating to a “hold” rating in a research note on Monday, October 29th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $21.30.

The company has a market cap of $2.63 billion, a P/E ratio of 470.67 and a beta of 1.06.

Antero Midstream GP (NYSE:AMGP) last issued its earnings results on Wednesday, October 31st. The company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.04). Antero Midstream GP had a net margin of 40.12% and a return on equity of 231.93%. The business had revenue of $37.82 million during the quarter, compared to analysts’ expectations of $37.72 million. During the same period in the prior year, the business posted $0.02 EPS. The business’s revenue was up 98.3% on a year-over-year basis. Analysts expect that Antero Midstream GP LP will post 0.5 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 21st. Stockholders of record on Friday, November 2nd were paid a $0.144 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date was Thursday, November 1st. This is an increase from Antero Midstream GP’s previous quarterly dividend of $0.13. Antero Midstream GP’s dividend payout ratio (DPR) is currently 1,933.33%.

A number of institutional investors have recently added to or reduced their stakes in AMGP. BlueMountain Capital Management LLC purchased a new stake in Antero Midstream GP during the 3rd quarter worth $125,000. Bank of Montreal Can purchased a new stake in Antero Midstream GP during the 3rd quarter worth $128,000. GSA Capital Partners LLP purchased a new stake in Antero Midstream GP during the 3rd quarter worth $198,000. Marshall Wace LLP purchased a new stake in Antero Midstream GP during the 3rd quarter worth $199,000. Finally, Virtus Alternative Investment Advisers Inc. purchased a new stake in Antero Midstream GP during the 3rd quarter worth $212,000. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

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About Antero Midstream GP (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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