Antero Midstream Partners LP (NYSE:AM) has received a consensus recommendation of “Buy” from the seventeen ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $40.10.

AM has been the subject of a number of research analyst reports. Zacks Investment Research raised Antero Midstream Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, July 26th. Seaport Global Securities initiated coverage on Antero Midstream Partners in a research note on Tuesday, October 10th. They set a “buy” rating and a $44.00 price target for the company. Morgan Stanley reissued an “overweight” rating on shares of Antero Midstream Partners in a research note on Tuesday, September 5th. Guggenheim initiated coverage on Antero Midstream Partners in a research note on Thursday, July 20th. They set a “buy” rating and a $37.00 price target for the company. Finally, Scotiabank set a $44.00 price target on Antero Midstream Partners and gave the stock a “buy” rating in a research note on Saturday, October 21st.

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Shares of Antero Midstream Partners (NYSE:AM) opened at $27.85 on Thursday. Antero Midstream Partners has a one year low of $27.01 and a one year high of $35.74. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $5,225.59, a P/E ratio of 19.44, a PEG ratio of 0.76 and a beta of 1.86.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 23rd. Shareholders of record on Wednesday, November 1st will be issued a dividend of $0.059 per share. This represents a $0.24 annualized dividend and a yield of 0.85%. Antero Midstream Partners’s payout ratio is currently 94.44%.

In other Antero Midstream Partners news, major shareholder Resources Corp Antero sold 10,000,000 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $31.11, for a total transaction of $311,100,000.00. Following the transaction, the insider now directly owns 98,870,335 shares in the company, valued at approximately $3,075,856,121.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 7.91% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tortoise Capital Advisors L.L.C. increased its holdings in Antero Midstream Partners by 2.4% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 8,890,510 shares of the pipeline company’s stock worth $294,987,000 after purchasing an additional 212,003 shares during the period. Alps Advisors Inc. increased its holdings in Antero Midstream Partners by 12.2% during the 3rd quarter. Alps Advisors Inc. now owns 6,318,188 shares of the pipeline company’s stock worth $199,212,000 after purchasing an additional 686,899 shares during the period. Neuberger Berman Group LLC increased its holdings in Antero Midstream Partners by 1.1% during the 2nd quarter. Neuberger Berman Group LLC now owns 5,358,560 shares of the pipeline company’s stock worth $177,797,000 after purchasing an additional 56,646 shares during the period. Atlantic Trust Group LLC increased its holdings in Antero Midstream Partners by 4.8% during the 2nd quarter. Atlantic Trust Group LLC now owns 1,658,090 shares of the pipeline company’s stock worth $55,015,000 after purchasing an additional 76,412 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Antero Midstream Partners by 15.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,598,201 shares of the pipeline company’s stock worth $53,028,000 after purchasing an additional 212,350 shares during the period. Institutional investors own 43.09% of the company’s stock.

About Antero Midstream Partners

Antero Midstream Partners LP is a limited partnership formed by Antero Resources Corporation (Antero Resources) to own, operate and develop midstream energy assets to service Antero Resources’ production. The Company’s segments include gathering and compression, and water handling and treatment. The gathering and compression segment includes a network of gathering pipelines, compressor stations, and processing and fractionation plants that collect and process natural gas, natural gas liquids (NGLs) and oil from Antero Resources’ wells in West Virginia and Ohio.

Analyst Recommendations for Antero Midstream Partners (NYSE:AM)

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