Stifel Nicolaus reaffirmed their buy rating on shares of Antero Midstream GP (NYSE:AMGP) in a research report sent to investors on Tuesday, MarketBeat Ratings reports. Stifel Nicolaus currently has a $19.00 price target on the stock.

AMGP has been the topic of several other research reports. Wells Fargo & Co dropped their price target on shares of Antero Midstream GP from $24.00 to $23.00 and set an outperform rating on the stock in a research note on Thursday, August 9th. ValuEngine upgraded shares of Antero Midstream GP from a sell rating to a hold rating in a research note on Wednesday, August 8th. Finally, Zacks Investment Research upgraded shares of Antero Midstream GP from a sell rating to a hold rating in a research note on Tuesday, August 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The stock has an average rating of Hold and an average price target of $22.00.

Shares of Antero Midstream GP stock opened at $17.12 on Tuesday. The firm has a market cap of $3.18 billion, a PE ratio of 569.67 and a beta of 1.68. Antero Midstream GP has a 1-year low of $14.85 and a 1-year high of $22.39.

Antero Midstream GP (NYSE:AMGP) last issued its quarterly earnings results on Wednesday, August 1st. The company reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.06). The business had revenue of $33.14 million for the quarter, compared to analysts’ expectations of $33.39 million. Antero Midstream GP had a return on equity of 199.85% and a net margin of 32.91%. The company’s revenue was up 116.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.01) EPS. equities research analysts forecast that Antero Midstream GP will post 0.52 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 22nd. Stockholders of record on Thursday, August 2nd were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend was Wednesday, August 1st. This is a boost from Antero Midstream GP’s previous quarterly dividend of $0.11. Antero Midstream GP’s dividend payout ratio (DPR) is currently 1,666.67%.

In related news, insider K. Phil Yoo sold 5,000 shares of Antero Midstream GP stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $16.76, for a total transaction of $83,800.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Kevin J. Kilstrom sold 50,000 shares of Antero Midstream GP stock in a transaction on Friday, August 17th. The shares were sold at an average price of $18.81, for a total transaction of $940,500.00. The disclosure for this sale can be found here.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMGP. Atlantic Trust Group LLC lifted its stake in shares of Antero Midstream GP by 148.8% during the 1st quarter. Atlantic Trust Group LLC now owns 4,225,250 shares of the company’s stock valued at $67,562,000 after buying an additional 2,526,905 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in shares of Antero Midstream GP by 1,672.5% during the 1st quarter. Neuberger Berman Group LLC now owns 1,724,404 shares of the company’s stock valued at $27,573,000 after buying an additional 1,627,120 shares in the last quarter. Carnick & Kubik Group LLC purchased a new position in shares of Antero Midstream GP during the 2nd quarter valued at $23,221,000. Summit Trail Advisors LLC lifted its stake in shares of Antero Midstream GP by 2,225.4% during the 1st quarter. Summit Trail Advisors LLC now owns 942,239 shares of the company’s stock valued at $942,000 after buying an additional 901,720 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Antero Midstream GP during the 2nd quarter valued at $12,697,000. Institutional investors own 76.71% of the company’s stock.

Antero Midstream GP Company Profile

Antero Midstream GP LP owns, operates, and develops midstream energy assets in the Marcellus and Utica Shales in West Virginia and Ohio. Its assets consist of gathering pipelines, compressor stations, interests in processing and fractionation plants, and water handling and treatment assets, which provide midstream services to Antero Resources Corporation under long term fixed fee contracts.

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Analyst Recommendations for Antero Midstream GP (NYSE:AMGP)

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