Antero Midstream GP (AMGP) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research downgraded shares of Antero Midstream GP (NYSE:AMGP) from a buy rating to a hold rating in a research note released on Wednesday.

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 equities research analysts have also issued reports on AMGP. Goldman Sachs Group raised shares of Antero Midstream GP from a neutral rating to a buy rating and set a $27.00 target price for the company in a report on Friday, January 5th. Scotiabank reaffirmed a hold rating and set a $24.00 target price on shares of Antero Midstream GP in a report on Wednesday, October 4th. Credit Suisse Group began coverage on shares of Antero Midstream GP in a report on Thursday, January 4th. They set a neutral rating and a $21.00 target price for the company. Robert W. Baird set a $36.00 target price on shares of Antero Midstream GP and gave the stock a buy rating in a report on Monday, December 25th. Finally, Seaport Global Securities began coverage on shares of Antero Midstream GP in a report on Tuesday, October 10th. They set a buy rating and a $26.00 target price for the company. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Antero Midstream GP currently has a consensus rating of Buy and a consensus target price of $26.18.

Shares of Antero Midstream GP (NYSE AMGP) traded up $0.09 during midday trading on Wednesday, reaching $21.04. 798,455 shares of the company traded hands, 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 released its earnings results on Wednesday, November 1st. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.04). Antero Midstream GP had a return on equity of 17.95% and a net margin of 4.41%. The business had revenue of $19.07 million for the quarter, compared to analysts’ expectations of $19.44 million. analysts expect that Antero Midstream GP will post 0.18 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in AMGP. Warburg Pincus LLC acquired a new position in shares of Antero Midstream GP during the 2nd quarter valued at about $1,211,309,000. Goldman Sachs Group Inc. acquired a new position in shares of Antero Midstream GP during the 2nd quarter valued at about $126,613,000. Cohen & Steers Inc. boosted its position in shares of Antero Midstream GP by 59.0% during the 3rd quarter. Cohen & Steers Inc. now owns 3,135,115 shares of the company’s stock valued at $64,176,000 after acquiring an additional 1,163,246 shares during the last quarter. Alyeska Investment Group L.P. boosted its position in shares of Antero Midstream GP by 56.5% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,800,000 shares of the company’s stock valued at $36,846,000 after acquiring an additional 650,000 shares during the last quarter. Finally, Artisan Partners Limited Partnership acquired a new position in shares of Antero Midstream GP during the 2nd quarter valued at about $12,415,000. 64.73% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Antero Midstream GP (NYSE:AMGP)

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