Antero Midstream GP LP (NASDAQ:AMGP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.

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 research analysts also recently weighed in on AMGP. Scotiabank reiterated a “hold” rating and set a $25.00 price target on shares of Antero Midstream GP in a report on Monday, May 22nd. Goldman Sachs Group, Inc. (The) assumed coverage on Antero Midstream GP in a research note on Monday, May 29th. They issued a “buy” rating and a $29.00 target price on the stock. Stifel Nicolaus assumed coverage on Antero Midstream GP in a research note on Tuesday, May 30th. They issued a “hold” rating and a $24.00 target price on the stock. Barclays PLC assumed coverage on Antero Midstream GP in a research note on Tuesday, May 30th. They issued an “overweight” rating and a $26.00 target price on the stock. Finally, Wells Fargo & Company assumed coverage on Antero Midstream GP in a research note on Tuesday, May 30th. They issued a “market perform” rating and a $23.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Antero Midstream GP currently has a consensus rating of “Buy” and a consensus price target of $26.80.

Shares of Antero Midstream GP (NASDAQ AMGP) opened at 19.50 on Monday. The company’s 50 day moving average price is $21.57 and its 200-day moving average price is $21.69. Antero Midstream GP has a 1-year low of $19.35 and a 1-year high of $27.74. The firm has a market cap of $3.63 billion and a price-to-earnings ratio of 696.43.

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Institutional investors have recently bought and sold shares of the company. Botty Investors LLC acquired a new position in Antero Midstream GP during the second quarter valued at $101,000. Diversified Trust Co acquired a new position in Antero Midstream GP during the second quarter valued at $259,000. Neuberger Berman Group LLC acquired a new position in Antero Midstream GP during the second quarter valued at $497,000. State of New Jersey Common Pension Fund D acquired a new position in Antero Midstream GP during the second quarter valued at $1,649,000. Finally, Sei Investments Co. acquired a new position in Antero Midstream GP during the second quarter valued at $1,658,000.

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.

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Analyst Recommendations for Antero Midstream GP (NASDAQ:AMGP)

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