Stifel Nicolaus downgraded shares of Antero Midstream Partners (NYSE:AM) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports. The brokerage currently has $33.00 price target on the pipeline company’s stock, down from their prior price target of $35.00.
Several other equities analysts have also commented on the company. Robert W. Baird set a $49.00 target price on Antero Midstream Partners and gave the company a buy rating in a report on Wednesday, October 10th. JPMorgan Chase & Co. boosted their price objective on Antero Midstream Partners from $24.00 to $25.00 and gave the stock a neutral rating in a research report on Friday, August 10th. Citigroup boosted their price objective on Antero Midstream Partners from $33.00 to $35.50 and gave the stock a buy rating in a research report on Tuesday, July 31st. Barclays reduced their price objective on Antero Midstream Partners from $35.00 to $33.00 and set an overweight rating for the company in a research report on Wednesday, July 11th. Finally, Credit Suisse Group began coverage on Antero Midstream Partners in a research report on Thursday, October 11th. They set a neutral rating and a $36.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $35.05.
NYSE:AM opened at $33.18 on Tuesday. The company has a market cap of $6.23 billion, a PE ratio of 22.06 and a beta of 1.78. Antero Midstream Partners has a 52 week low of $24.20 and a 52 week high of $34.53. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.31 and a quick ratio of 1.31.
Antero Midstream Partners (NYSE:AM) last posted its earnings results on Wednesday, August 1st. The pipeline company reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.02). The company had revenue of $250.98 million for the quarter, compared to the consensus estimate of $233.23 million. Antero Midstream Partners had a net margin of 32.94% and a return on equity of 20.54%. Equities research analysts anticipate that Antero Midstream Partners will post 1.67 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 16th. Stockholders of record on Friday, November 2nd will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, November 1st. This is an increase from Antero Midstream Partners’s previous quarterly dividend of $0.42. This represents a $1.76 annualized dividend and a dividend yield of 5.30%. Antero Midstream Partners’s payout ratio is currently 118.57%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Tortoise Index Solutions LLC boosted its position in shares of Antero Midstream Partners by 16.2% during the second quarter. Tortoise Index Solutions LLC now owns 13,282 shares of the pipeline company’s stock worth $392,000 after buying an additional 1,855 shares during the period. Keybank National Association OH lifted its position in Antero Midstream Partners by 16.1% in the second quarter. Keybank National Association OH now owns 15,493 shares of the pipeline company’s stock worth $457,000 after purchasing an additional 2,143 shares during the period. US Bancorp DE lifted its position in Antero Midstream Partners by 23.0% in the second quarter. US Bancorp DE now owns 12,778 shares of the pipeline company’s stock worth $377,000 after purchasing an additional 2,387 shares during the period. MAI Capital Management lifted its position in Antero Midstream Partners by 2.1% in the third quarter. MAI Capital Management now owns 169,450 shares of the pipeline company’s stock worth $4,856,000 after purchasing an additional 3,491 shares during the period. Finally, California Public Employees Retirement System lifted its position in Antero Midstream Partners by 46.9% in the first quarter. California Public Employees Retirement System now owns 15,250 shares of the pipeline company’s stock worth $395,000 after purchasing an additional 4,869 shares during the period. Institutional investors and hedge funds own 47.58% of the company’s stock.
About Antero Midstream Partners
Antero Midstream Partners LP owns, operates, and develops midstream energy assets. The company operates in two segments, Gathering and Processing, and Water Handling and Treatment. Its assets include 8-, 12-, 16-, 20-, 24-, and 30-inch high and low pressure gathering pipelines, compressor stations, and processing and fractionation plants that collect and process natural gas, natural gas liquids, and crude oil from wells in the Marcellus Shale in West Virginia and the Utica Shale in Ohio; and water handling and treatment assets, which comprise two independent fresh water delivery systems that deliver fresh water from the Ohio River and several regional waterways, as well as wastewater handling services for well completion operations.
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