Investors Purchase High Volume of Antero Midstream GP Call Options (AMGP)
Antero Midstream GP LP (NYSE:AMGP) saw unusually large options trading on Tuesday. Investors bought 553 call options on the company. This represents an increase of approximately 943% compared to the average daily volume of 53 call options.
AMGP has been the subject of a number of research reports. Wells Fargo & Co upgraded Antero Midstream GP from a “market perform” rating to an “outperform” rating in a research report on Monday, November 6th. Morgan Stanley reiterated an “overweight” rating on shares of Antero Midstream GP in a research report on Friday, November 17th. Citigroup upgraded Antero Midstream GP from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Wednesday, December 6th. Zacks Investment Research upgraded Antero Midstream GP from a “sell” rating to a “hold” rating in a research report on Monday, December 25th. Finally, Robert W. Baird set a $36.00 price objective on Antero Midstream GP and gave the stock a “buy” rating in a research report on Monday, December 25th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $26.00.
A number of hedge funds have recently added to or reduced their stakes in AMGP. Neuberger Berman Group LLC acquired a new stake in Antero Midstream GP during the 2nd quarter valued at $497,000. JPMorgan Chase & Co. acquired a new stake in Antero Midstream GP during the 2nd quarter valued at $462,000. Wells Fargo & Company MN acquired a new stake in Antero Midstream GP during the 2nd quarter valued at $255,000. Artisan Partners Limited Partnership acquired a new stake in Antero Midstream GP during the 2nd quarter valued at $12,415,000. Finally, New York State Common Retirement Fund acquired a new stake in Antero Midstream GP during the 2nd quarter valued at $2,354,000. 64.73% of the stock is owned by hedge funds and other institutional investors.
Antero Midstream GP (NYSE:AMGP) last issued its earnings results on Wednesday, November 1st. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.04). Antero Midstream GP had a return on equity of 17.95% and a net margin of 4.41%. The company had revenue of $19.07 million during the quarter, compared to analyst estimates of $19.44 million. sell-side analysts predict that Antero Midstream GP will post 0.18 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Thursday, February 1st will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.43%. This is a boost from Antero Midstream GP’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Wednesday, January 31st.
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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.
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