Antero Midstream Partners (AM) Now Covered by Credit Suisse Group
Equities researchers at Credit Suisse Group started coverage on shares of Antero Midstream Partners (NYSE:AM) in a research report issued on Thursday, The Fly reports. The firm set a “neutral” rating and a $36.00 price target on the pipeline company’s stock. Credit Suisse Group’s target price would indicate a potential upside of 9.49% from the stock’s current price.
A number of other research analysts also recently weighed in on the company. Robert W. Baird set a $49.00 price target on Antero Midstream Partners and gave the stock a “buy” rating in a research note on Wednesday. Raymond James reissued a “market perform” rating on shares of Antero Midstream Partners in a research note on Wednesday. ValuEngine raised Antero Midstream Partners from a “hold” rating to a “buy” rating in a research note on Tuesday. Stifel Nicolaus raised Antero Midstream Partners from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Tuesday, August 28th. Finally, JPMorgan Chase & Co. increased their price objective on Antero Midstream Partners from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, August 10th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $34.95.
Shares of NYSE:AM opened at $32.88 on Thursday. Antero Midstream Partners has a 1 year low of $24.20 and a 1 year high of $34.53. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a market capitalization of $5.36 billion, a PE ratio of 24.18 and a beta of 1.78.
Several institutional investors have recently modified their holdings of the company. Parkside Financial Bank & Trust bought a new position in shares of Antero Midstream Partners in the third quarter valued at approximately $266,000. MAI Capital Management grew its holdings in shares of Antero Midstream Partners by 2.1% in the third quarter. MAI Capital Management now owns 169,450 shares of the pipeline company’s stock valued at $4,856,000 after acquiring an additional 3,491 shares in the last quarter. Clinton Group Inc. bought a new position in shares of Antero Midstream Partners in the third quarter valued at approximately $227,000. Northern Trust Corp grew its holdings in shares of Antero Midstream Partners by 12.7% in the second quarter. Northern Trust Corp now owns 149,930 shares of the pipeline company’s stock valued at $4,426,000 after acquiring an additional 16,898 shares in the last quarter. Finally, Global X Management Co LLC grew its holdings in shares of Antero Midstream Partners by 22.8% in the second quarter. Global X Management Co LLC now owns 1,213,416 shares of the pipeline company’s stock valued at $35,820,000 after acquiring an additional 224,980 shares in the last quarter. 47.58% of the stock is owned by hedge funds and other institutional investors.
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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