Zacks Investment Research upgraded shares of Antero Midstream GP (NYSE:AMGP) from a sell rating to a hold rating in a research report released on Monday morning.

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. “

Several other equities research analysts also recently issued reports on the company. Wells Fargo & Co raised Antero Midstream GP from a market perform rating to an outperform rating in a research note on Monday, November 6th. Morgan Stanley reissued an overweight rating on shares of Antero Midstream GP in a research note on Friday, November 17th. Goldman Sachs Group downgraded Antero Midstream GP from a buy rating to a neutral rating and reduced their price objective for the stock from $29.00 to $23.00 in a research note on Friday, September 8th. Citigroup raised Antero Midstream GP from a neutral rating to a buy rating and set a $21.00 target price on the stock in a research report on Wednesday, December 6th. Finally, Robert W. Baird reaffirmed a buy rating and issued a $28.00 target price on shares of Antero Midstream GP in a research report on Friday, November 3rd. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $26.06.

Shares of Antero Midstream GP (AMGP) opened at $18.55 on Monday. Antero Midstream GP has a twelve month low of $16.62 and a twelve month high of $22.87.

Antero Midstream GP (NYSE:AMGP) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.04). The firm had revenue of $19.07 million during the quarter, compared to analyst estimates of $19.44 million. Antero Midstream GP had a net margin of 4.41% and a return on equity of 17.95%. equities analysts expect that Antero Midstream GP will post 0.18 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. Catalyst Capital Advisors LLC increased 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 valued at $176,000 after acquiring an additional 8,160 shares during the last quarter. BNP Paribas Arbitrage SA acquired a new stake in shares of Antero Midstream GP during the third quarter worth $220,000. Wells Fargo & Company MN acquired a new stake in shares of Antero Midstream GP during the second quarter worth $255,000. CNH Partners LLC acquired a new stake in shares of Antero Midstream GP during the second quarter worth $319,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Antero Midstream GP during the second quarter worth $462,000. 64.73% of the stock is currently owned by 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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